Intu Milton Keynes has been taken over by property group Ellandi. Ellandi will be the new asset manager of Intu Milton Keynes, but Savills will run it day-to-day. The site will retain its name for now before eventually being rebranded, Ellandi co-founder Morgan Garfield said. It comes after British […]

Ted Baker has chosen Baird Group as its new licence partner for men’s formalwear, with the first collection under the partnership launching in Spring 2021. The three-year product licence agreement will see Baird working with Ted Baker’s creative team to create and distribute men’s formalwear in the […]

Calida Holding AG has announced its intention to launch a buy-out tender offer followed by a squeeze-out for all outstanding shares of its subsidiary Lafuma SA, listed on Euronext in Paris, France. Calida Group currently holds 93.50 percent of the share capital and voting rights of Lafuma. The company […]

New York – South Korea’s Blackyak signed a deal in May with TK Chemical, a chemical fibre manufacturing company of SM Group to use the latter’s production of recycled fibres from used plastic bottles. Last month, Blackyak released an environmentally friendly t-shirt using the recycled fibre and its […]

New York – Bleuet has announced the launch of a new collection of bras made in organic and sustainable fabrics. The Aster Organic Tank Bra and the Iris Bra are some of the first sensory-friendly, sustainable bras for tween and teen girls in the market. “Social and environmental sustainability are of […]

New York - The iconic U.S. luxury retail group has just announced its departure from the bankruptcy protection framework that it voluntarily filed for last May. Neimas Marcus resurfaces with a debt reduction of 4 million dollars and staff cuts. Despite having put the threat of bankruptcy behind, the […]

Mothercare has reported a 14.4 million pound profit for the full year ended 28 March, compared to a loss of 97 million pounds the year before. However, total group revenue at the maternity and babywear specialist for the period was down to 164.7 million pounds compared to 199.8 million pounds a year […]

British luxury label Vivienne Westwood has reported a profit of 2.7 million pounds for 2019, compared to a loss of 2.5 million pounds the year before. Turnover at the fashion house increased by 19 percent to 46 million pounds for the year ended 31 December 2019, while retail sales and wholesale sales […]

Hong Kong-based private equity firm LionRock Capital has reportedly joined the bidding war for a majority stake in UK footwear retailer Clarks. The firm is now one of two remaining bidders for Clarks, Sky News reports. Discussions over a deal expected to close in the next month and include a rival bid […]

UK chancellor Rishi Sunak has announced a new Jobs Support Scheme to replace the furlough. The scheme, which will run for six months starting in November, will only apply to employees working at least a third of their normal hours, for which they will be paid as usual. For every hour not worked by the […]

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