US fashion company G-III Apparel has reportedly entered the race to acquire assets from the collapsed Arcadia Group. Nasdaq-listed G-III Apparel has joined a list of potential parties interested in snapping up brands from the failed British retail empire, The Telegraph reports. Arcadia, whose portfolio […]

British shopping centre operator Landsec has seen a year-on-year drop in collected rent for the final three months of the year as retailers struggle to make payments. The company announced Tuesday that 112 million pounds worth of rent was due on the 25 December payment date, but only 65 percent of that […]

Shopping centre owner British Land had collected just 46 percent of its December retail rent, as of January 7. In a statement, British Land, which owns the Meadowhall shopping centre in Sheffield and Ealing Broadway shopping centre in London and Drake Circus in Plymouth, said that December rent collections […]

Jewellery retailer Pandora has released preliminary and unaudited results for 2020, ahead of its Q4 2020 Interim Report to be released on February 4. In the statement, it said the move was to comply with the disclosure rules for companies listed on Nasdaq OMX Copenhagen, and that based on unaudited […]

Multi-brand fashion retail chain Leading Labels has been acquired by turnaround specialist Baaj Capital. Leading Labels, established nearly 30 years ago, appointed business advisory firm Quantuma to “effect a swift exit”. The process included priming the business for sale and finding a suitable acquirer, […]

Online retailer Very has reported record sales during the important Christmas trading period. For the seven weeks up to and including 25 December 2020, retail sales increased 25.2 percent year-on-year, while sales via the Very mobile app were up 33 percent. The retailer, which is owned by The Very Group, […]

Marks & Spencer has acquired loss-making fashion retailer Jaeger out of administration for an undisclosed sum. The purchase includes the acquisition of Jaeger's brand and stock, but not its 63 remaining standalone stores. Jaeger, which was previously owned by Edinburgh Woollen Mill (EWM) Group, fell […]

Columbia Sportswear Company has appointed Tim Sheerin as Senior Vice President of U.S. Sales for the Columbia brand. In his new role, the company said, Sheerin will report to Franco Fogliato, Executive Vice President, Global Omni-Channel. “Tim brings a wealth of experience in commercial leadership,” […]

In its updated fourth quarter 2020 plan, Abercrombie & Fitch Co. said, it now expects net sales to decline in the 5 percent to 7 percent range versus plan of down 5 percent to down 10 percent, reflecting ongoing digital momentum offset by store closures and capacity restrictions in North America […]

Harvey Nichols has announced the appointment of Clare Horner as Beauty Director with immediate effect. The company said in a statement that Horner will lead and further develop the beauty and beauty services strategy, reinforcing Harvey Nichols’ unique position as the first-choice destination for beauty […]

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