Ascena Retail Group, inc. has announced that FullBeauty Brands Operations, LLC will acquire Catherines’ intellectual property assets for a base purchase price of 40.8 million dollars and potential upward adjustment for certain inventory. The company also said that The United States Bankruptcy Court […]

German fashion retailer Mytheresa has bucked the trend of Covid-19-related difficult retail and reported a 19 percent increase in full-year revenue. The company saw its consolidated net revenue from its online platform and physical stores in Munich reach 450 million euros in 2020, up from 377 million […]

Retail tycoon Philip Day is reportedly launching a valuation process for discount retail chain Peacocks. The Sunday Times reported that Day appointed advisory firm FRP to find potential buyers for Peacocks and Edinburgh Woollen Mill, though sources close to the matter have stressed the process is merely […]

LVMH confirmed Friday that it has submitted the proposed acquisition of Tiffany for antitrust review, immediately after receiving approval to proceed by the European Commission. LVMH noted that eight of the ten requisite antitrust clearances have already been obtained. LVMH expects to receive approval […]

Group revenue at Superdry fell by 19.2 percent year-on-year to 704.4 million pounds (904.3 million dollars), which the company said, was driven by a decline in both divisions, with retail declining 18.2 percent and wholesale declining by 20.7 percent. The group’s statutory loss after tax for the year […]

The TJX Companies, Inc. has announced that on September 16, 2020, its board of directors elected José B. Alvarez to the board, effective immediately. The company said in a statement that Alvarez previously served on TJX’s board from 2007 through 2018. Commenting on Alvarez’s appoint to the board, Carol […]

Aspinal of London has launched a CVA proposal. The British retailer operates as an e-commerce business alongside ten stores in the UK across city centres, and also trades from concessions in department stores: Harrods and Selfridges.For the CVA to go ahead, the proposal needs approval from 75 percent […]

Rocket Internet SE has announced a consolidated loss of 12 million euros (14.2 million dollars) for the first six months in 2020. The company said in a statement that it generated 45 million euros (53.3 million dollars) of consolidated revenue and earnings per share of negative 0.07 euro in H1 2020. […]

Tiffany is fighting back against LVMH, after the conglomerate pulled out of its acquisition deal earlier this month. The luxury jewelry brand filed a lawsuit against LVMH, to which the latter threatened to countersue. Now Tiffany is pushing back, once again. LVMH filed an opposition in Delaware Chancery […]

In the first six months of this year, the John Lewis Partnership made a loss 55 million pounds, while sales were up marginally by 1 percent. The company said in a statement that in John Lewis, online sales growth was strong at 73 percent, helping to offset the impact of shop closures, with overall sales […]

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