Fast Retailing Co., the parent company of Japanese casual brand Uniqlo, has signed a global partnership with UN Women to promote women’s rights and empowerment in the apparel industry. The two-year joint project will focus on three areas: promoting women’s career progression by providing leadership […]

Total sales at John Lewis for the week to June 29, 2019, were up 4.1 percent on the same week last year as the company said, summer clearance continued to perform well and price matching competitor promotions drove sales in shops and online. The company added that fashion sales were up 7.6 percent, […]

Top execs from Bonmarché have sold their stakes to Edinburgh Woollen Mill owner Philip Day just weeks after the UK retailer advised shareholders to ignore his takeover bid. Chief executive officer Helen Connolly, chief financial officer Stephen Alldridge, and senior independent non-executive director […]

Uniqlo Japan, part of the Fast Retailing Group has reported 27.3 percent jump in June 2019 same-store sales including online sales. The company said, total sales including online sales increased by 26.9 percent. Uniqlo Japan has attributed the rise in same-store sales in June to strong sales of summer […]

Footwear retailer Office is reportedly mulling a company voluntary arrangement (CVA). The company has appointed advisory firm Alvarez & Marsal (A&M) to draw up a CVA plan which could see the closure of some of its roughly 100 UK stores, Sky News reports. It is unclear whether any of the retailer’s overseas […]

INTERVIEW Technologically, manufacturing has advanced rapidly in China over the last few years. The country has said goodbye to low-cost production and is now betting on high-tech. This development is desired, politically, and funded by the state with large sums of money. Javier Garcia, president Asia […]

Premium British sportswear brand Castore is reportedly exploring options to raise 10 million pounds of funding to finance growth. In March, it was revealed that British Wimbledon winner Andy Murray signed a sponsorship deal with the company worth eight million pounds and acquired an undisclosed stake […]

Global Fashion Group (GFG) has cut the price of its planned initial public offering (IPO) to 4.50 euros per share, down from an initial price range of 6 to 8 euros per share. The company, which operates e-commerce platforms The Iconic, Zalora, Dafiti and Lamoda, said it placed 44 million shares, raising […]

UK fashion retailer French Connection has extended its sales process until September. In October, the company’s board announced that it was in the process of “reviewing all strategic options” and following preliminary discussions with “several interested parties” said it expected the strategic review […]

The UK arm of Italian fashion brand Stefanel has reportedly fallen into administration and will close its two London stores. Administration and insolvency practitioners CVR Global have been called in to deal with the process, Retail Week reports. The company will be closing both its London stores, on […]

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