Kering has announced the completion of the sale of its US sports and lifestyle brand Volcom. The company said in a statement that the US company, Authentic Brands Group (ABG), has purchased the intellectual property rights of Volcom, effective April 1, 2019. The current Volcom management team has acquired […]

Superdry co-founder Julian Dunkerton has narrowly won a vote by the company’s shareholders to reinstall him onto the retailer’s board. Dunkerton, who remains the company's biggest shareholder with a stake of over 18 percent, received 50.75 percent of the proxy votes ahead of a company meeting to decide […]

For the week to March 30, 2019, John Lewis said in a statement that total sales were down 13.7 percent as it annualised strong sales due to the earlier fall of Good Friday and Easter Saturday, colder weather driving footfall into the shops and significant promotional activity in the same week last year. […]

Edinburgh Woollen Mill (EWM) owner and CEO Philip Day has tabled a takeover bid for UK fashion retail chain Bonmarché in a deal that values the company at 5.7 million pounds. The billionaire businessman has bought a 52.4 percent stake in the retailer via his Dubai-based investment vehicle, Spectre, […]

Swedish fashion chain H&M has stated in its annual sustainability report that it has shown “strong progress” towards its goal to only use sustainable materials, as 57 percent of all materials used by H&M Group to make its products were created using recycled or other sustainably sourced fibres. […]

March 2019 same-store sales including online sales at Uniqlo Japan, part of the Fast Retailing Group, increased by 4.5 percent year on year while total sales including online sales increased by 4.2 percent. The company said in a statement that same-store sales rose year on year in March due to a strong […]

H&M has announced it will be opening a new 73,000 square metre logistics hub in Milton Keynes that will accommodate around 800 employees. The multinational clothing retailer said in a statement that the new facility will service H&M stores in the UK and Ireland, and will have “a high degree of process […]

Liam Gallagher’s struggling menswear brand Pretty Green has called in administrators after weeks of speculation, according to the BBC. Founded by the Oasis frontman in 2009, the brand called in Moorfields Advisory in March to consider different ways to help the loss-making company. A spokesperson for […]

Retail mogul Sir Philip Green is reportedly considering offering landlords shares of up to 20 percent in Arcadia Group to win support for his ongoing restructuring plans. According to The Sunday Times, Green’s advisers are considering offering the shares in his retail empire, which owns brands Topman, […]

French luxury group Kering has opened its new headquarters in Milan, a 11,000 square meter space located not far from the Gucci Hub, its star business. The nine storey tower will cement the company’s presence in Italy, as parent to Italian luxury houses including Gucci, Bottega Veneta, Brioni and jeweller […]

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