Boohoo has come under intense scrutiny in the past week, despite sales soaring during the pandemic. At the end of June the company announced a controversial payout scheme which would see its management team net 150 million pounds. Earlier this week allegations of modern slavery surfaced, pertaining […]

Pentland Brands, which owns Speedo and Berghaus, has concluded its global strategic review, which it started before the Covid-19 pandemic, and has announced a number of changes, including plans to “hibernate” its Boxfresh brand and make around 350 redundancies at its UK-based head office to allow it […]

New York - The retail sector has been the fastest growing in terms of brand value in recent months. According to a recent study by market research firm Kantar, overall, retail companies have risen 21 percent, despite the ravages of the global coronavirus pandemic. This sector boost is largely due to […]

River Island is reportedly planning to axe around 250 head office roles in a bid to cut costs and mitigate the financial impact of Covid-19 on the business. CEO Will Kernan told employees in a letter, seen by Drapers, that Covid-19 is “the most significant challenge in a generation” and as a result, […]

AllSaints has been given the green light for its company voluntary arrangement (CVA) propsals as it moves to streamline its UK and US store estates. AllSaints Retail Limited and its subsidiary AllSaints USA Limited received 93 percent and 90 percent of creditor votes in favour of the decision, respectively, […]

Danish fashion group Bestseller is immediately releasing payments on current orders to its suppliers, as well as implementing early payments until October, to ensure its suppliers' cash flow and help them through the coronavirus crisis. In a statement, Bestseller said: “Over the past four months, we […]

Absolutely, the longest-serving London courier since 1865, has acquired Go-Between Couriers Ltd for an undisclosed sum. Go-Betweens is a London-centric courier company operating from Holborn offering sameday, next day and international delivery services, and will be added to Absolutely’s offering as […]

For the year to February 1, 2020, total revenue at JD Sports Fashion Plc increased by 30 percent to 6,110.8 million pounds, including 1,601.5 million pounds of revenue from Finish Line and JD in the United States and 215.9 million pounds from Footasylum in the 39 week period after it was acquired. Like […]

Last week, FashionUnited reported that Ann Demeulemeester and its creative director Sébastian Mulier were parting ways. Now, it looks like the brand might potentially be under new leadership in the coming future. WWD has reported that Italian retailer Antonioli is in preliminary talks to acquire the […]

Dutch denim brand G-Star has filed for Chapter 11 bankruptcy in the US citing the impact of Covid-19 on the business. “As a result of this crisis, the previously initiated shift to online has accelerated, at the expense of the performance of physical stores,” a G-Star spokesperson told FashionUnited. […]

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