Macellum Advisors GP LLC said earlier this month it intends to vote against each director of retailer Christopher & Banks Corp. (CBK) at the company's upcoming shareholder meeting. The owners of a little bit over 5 percent of the fashion retailer feels disappointed, betrayed even, by the company’s leadership. […]

Happy ending – money wise – for Michael Kors investors and management. The fashion retailer has paid a record salary for Michael Kors, honorary president and creative director of the eponymous brand and John Idol, president and CEO of the brand. According to ‘WWD’, both executives have received a combined […]

REPORT In its trading statement for the first quarter, N Brown said that the group revenues increased over 2.5 percent and like-for-like sales, over 1.5 percent. Product revenues were up 4.3 percent and gross margin and operating costs, broadly in line with expectations. Power brands continued to outperform […]

ANALYSISJD Sports said it has made a “strong start” in the first 19 weeks of its current fiscal year despite tough comparatives with last year. However, the fashion group warned how negatively weak euro will affect its figures. In a trading update ahead of its annual general meeting Wednesday, the apparel […]

The jewellery, fashion and accessories Spanish retailer has signed an exclusive agreement with the Swiss fund Partners Group for the sale of a quarter of its capital at about 150 million euros. 'La Vanguardia' anticipates that the operation coordinated by Morgan Stanley will close later this month, […]

Two leading property industry trade bodies, the British Property Federation (BPF) and British Council of Shopping Centres (BCSC) are following in the footsteps of the Confederation of British Industry and urging the government to significantly overhaul the current business rates system. In a joint statement, […]

London - Hudson’s Bay, the owner of US retailer Saks Fifth Avenue, is buying Germany’s biggest department store chain, Galeria Kaufhof for 2.82 billion euros including certain liabilities, according to a statement from Metro, the current owner of Kaufhof. Toronto-based Hudson’s Bay, which operates its […]

According to an agreement between garment makers and the Southern African Clothing & Textile Workers’ Union (SACTWU), South African garment workers will receive a pay hike from September 1, the industry's due date for annual wage increases. This means that in metro areas like Durban, Cape Town, Johannesburg […]

The business rates system must be reformed in order to boost growth and investment, according to the Confederation of British Industry, the UK’s leading business group. The organisation is calling for an overhaul of the “decades-old” business rates model, which it claims is the most damaging to retailers […]

After five years, Richemont Group has seen its investment in Net-a-Porter bear fruit. The online luxury fashion platform has posted a pre-tax profit of 11 million pounds in the year to March, 31 from a 9.7 million pounds loss last year. The Net-a-Porter group said revenues had risen 22.8 percent to […]

Related news

MORE NEWS

 

LATEST JOBS

 

MOST READ