Aside from the strength of Spain as producer and exporter of wedding gowns, weddings in this country are also a huge celebration that include not only with family and friends but sometimes entire villages. On top of that Spain is a chosen wedding destination for couples flying in from all over the world, […]

London - The UK high street was handed a shocking blow on Thursday, when news broke that administrators Duff & Phelps had been unable to find a suitable buyer to save collapsed department store chain British Home Stores (BHS). A former staple store on the high streets, BHS entered into administration […]

Italian luxury fashion group Armani billed 4.5 percent more in 2015 than in the previous year, reaching 2,650 million euros in sales at the end of its last fiscal year. According to a statement issued by Italian fashion house on Wednesday, the group founded by Giorgio Armani posted organic growth in […]

British Home Store's fall from grace into liquidation has dealt a "devastating blow" to the UK high street, according to retail experts. Administrators announced the impending wind down of the department store group on Thursday, five weeks after BHS collapsed into administration, after failing to secure […]

Austin Reed employees were informed the company’s 120 stores would close and they would lose their jobs via social media instead of from administrators. According to City A.M., an employee told the freesheet: "About 80 per cent of the staff found out about it on social media.The staff were absolutely […]

ANALYSISRetail market analysts at Morgan Stanley and Merrill Lynch agree on the threats waiting ahead for Nike, which seems to be losing its mojo and, therefore, its market share. Shares at Nike Inc. (NYSE:NKE) were downgraded by Morgan Stanley and Merril Lynch on Wednesday, on a matter of hours. Both […]

Michael Kors has announced they will be cutting back on sales of their handbags and accessories to retailers in North America as they try and preserve their luxury identity. The brand has faced a number of challenges over the past months as it struggles to retain its position as a luxury brand. However, […]

UPDATE London - The curtain has fallen for 116 year old formalwear retailer Austin Reed, as administrators failed to find a buyer to save the collapsed brand. Austin Reed is set to shut 120 stores by the end of the month resulting in the loss of 1,000 jobs. Adiministrator AlixPartners was unable to […]

SoftBank said Wednesday it will sell at least 7.9 billion US dollars worth of its stake in Chinese e-commerce giant Alibaba, as the Japanese firm looks to pay down a whopping debt load. The mobile carrier, led by colourful billionaire Masayoshi Son, first invested in Alibaba in 2000, which has since […]

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