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 […]

Formalwear retailer Suit Direct is to begin an ambitious expansion plan after opening a new flagship store in Birmingham this week. The company, which is part of the Baird Group, is looking to open 10 city-centre stores by the end of 2020 and up to 25 stores within the next 18 months, The Business Desk […]

INTERVIEW An unprecedented disruption of retail, production and trade like the current one could send the European textile and apparel industry into a tailspin. In its recent report “Bruised but not beaten, Europe’s textile industry is a perfect candidate for a greener and digital recovery”, credit […]

Crocs, Inc. has announced that Charisse Ford Hughes has been appointed to its board of directors effective October 1, 2020. The company said in a statement that a seasoned marketing executive, Ford Hughes brings decades of global consumer marketing, e-commerce, and product development experience to […]

Burberry has expanded its creative arts scholarships, to support underrepresented students.The new scholarships include: Central Saint Martins in London (fashion design, textile design, jewellery design, fashion communication and graphic communication), Institut Français de la Mode in Paris (fashion […]

Indian retail tycoon Mukesh Ambani is reportedly a potential suitor for Debenhams. Ambani’s Reliance Retail empire, which earlier this year bought British toy store Hamleys, is one of a small batch of companies in talks with Debenhams’ advisers about acquiring part or all of the company, Sky News reports. […]

Icon Outlet has revealed that sales at the London shopping destination have increased by 30 percent from the first week of reopening post-lockdown to the 12th week. Sales in that period increased from approximately 65 percent of previous year like-for-like levels at reopening to around 95 percent of […]

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