After confirming its interest in acquiring Karen Millen and Coast, online fashion retailer Boohoo Group plc has announced that it has completed an asset purchase agreement for both these British brands. The company said that the group has acquired the online business and all associated intellectual […]

London-based start-up, Hero, which works with retailers to transform analogue retail space into “smart stores of the future”, has confirmed that it has secured 10 million US dollars in Series A funding to “accelerate” its reinvention of retail. Led by S28 Capital in San Francisco, with participation […]

Total sales at John Lewis for the week to August 3 , 2019, were down 2.7 percent on the same week last year. The company said in a statement that fashion sales were however up 5.8 percent, driven by sales of womenswear, which were up 21.7 percent and women's accessories, up 8.3 percent. The company […]

UPDATENew York-based department store Barneys has filed for Chapter 11 bankruptcy protection after weeks of speculation. It has entered into an agreement with Gordon Brothers and Hilco Global, providing it with 75 million dollars of new capital to stay afloat during the proceedings. As part of the restructuring, […]

UK retailers have recorded the worst July of sales growth since records began in 1995, according to the British Retail Consortium (BRC). Data compiled by accountancy firm KPMG showed that total sales grew by 0.3 percent last month, compared to a rise of 1.6 percent in the same month last year. On a […]

Online fashion retailer Boohoo Group plc has confirmed its interest in struggling fashion businesses Karen Millen and Coast. Boohoo said in a statement that it has made an offer to acquire the online business of British brands Karen Millen and Coast, together with all associated intellectual property […]

Finally Mike Ashley's company has won the bid to acquire troubled fashion retailer Jack Wills’ assets and stores across the UK and Ireland and the international Jack Wills brand for a cash consideration of 12.75 million pounds. The company made an announcement after the stock market closed yesterday. […]

Barneys New York is moving forward with filing for bankruptcy protection and nearing an agreement with lenders for a financing package that would allow the company to find a buyer. The news was reported by the Wall Street Journal. The current restructuring plan calls for Barneys, whose store fleet includes […]

Marks and Spencer Group has completed its acquisition of half of Ocado Retail Ltd, one of the world’s largest dedicated online grocery retailers. The joint venture will see Marks and Spencer offering an online grocery delivery service for the first time, while Ocado shoppers will be able to shop over […]

Fanbytes, one of the fastest-growing video influencer platforms in the UK helping brands target Gen Z on social platforms Tik Tok, Snapchat and Instagram, has received “strategic investment” from KM Capital to further support retail brands engage with Gen Z audiences. Fanbytes help brands reach young […]

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