International spend in the UK hit the highest level on record in December, 2014, according to retail tourism experts, Global Blue. The festive month came in higher than last year's record, up a further 11 percent on the 40 percent increase seen in 2013 for December, but was not enough to boosted overall […]

Spanish fashion conglomerate Inditex has its sights set on becoming an apparel powerplayer in China, as its chairman and CEO, Pablo Isla, met with Zhong Shan, China's International Trade Representative to reaffirm the group's commitment to the Asian market. Isla shared plans with Zong to roll out the […]

The Austin Reed Group, parent company of Austin Reed, CC and Viyella is set to shut down 31 stores and receive a 3 million pound cash injection from its shareholders through a Company Voluntary arrangement (CVA). The group stated that 22 CC, previously known as Country Casuals stores, and 9 Austin Reed […]

From Prada to Versace, Milan Fashion Week is renowned for sleek catwalk shows oozing opulence -- but that was before German designer Philipp Plein pinned his show around a cage fight set to the live beat of Snoop Dogg. The rapper, decked out in grey hoodie and sweat pants designed by the 36-year old […]

US teen fashion retailer Wet Seal has filed for bankruptcy protection a little over a week after news broke that the retailer discharged 3,700 employees and shut down 338 stores. According to the filing, the struggling fashion chain listed assets of 10 million dollars to 50 million dollars and liabilities […]

Rivers has suffered an estimated 11 million dollars loss in just six months, delivering a blow to the earnings of its new owner, according to Australian media. The apparel group, which also owns the Katies and Millers chains, has reported a 32 percent slide in half year earnings due to the poor performance […]

The insolvent fashion retailer will be shutting down all its stores in Canada, so by the end of this week week, 25 locations and 250 jobs will be gone, reported the CBC. In addition to 1,700 employees at its retail operations, the company has 85 at its head office and distribution centre, which will […]

A week after company directors at Sports Direct filed a notice of intention to put USC into administration, news has emerged the fashion retailer has been bought by another fashion fascia from Sports Direct, Republic. The notice of intention is said to have put hundred of employees who work at USC stores […]

ANALYSIS Despite surpassing analysts’ expectations in terms of quarterly sales growth and show that the decline was only temporary, Primark’s strong performance was not enough to avoid group operating profit drop this year. As the British retailer confirmed, Primark’s gains are offset by sugar. Revenue […]

Private equity firm TowerBrook has announced the sale of international women's wear label Phase Eight to The Foschini Group, a retail group based in South Africa, in a transaction which values the brand at 238 million pounds. The announcement comes months after TowerBrook began hinting at the potential […]

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