Alvarez & Marsal news and archive

The true cost of online shopping, EU to see 35 billion euros in reduced profits

Covid-19 has profoundly impacted retail industries across Europe. The enforcement of store closures, social distancing measures and heightened anxieties over viral transmission has elevated ‘digital’ to new heights across the entire customer journey, according to a report by Alvarez & Marsal (A&M), a leading global professional services firm...

Business

Owner of Office puts footwear retailer up for sale

Truworths, the South African owner of Office, has reportedly put the British footwear retailer up for sale. The company has hired professional services firm Alvarez & Marsal to run an accelerated sale process for Office, Sky News reports. According to the news publication, a sale could be completed “within a short time-frame”. Office currently...

Retail

UK fashion retailers face billions in SS20 stock write-offs

UK clothing retailers are facing an enormous amount of SS20 write-offs as physical stores remain closed and warehouses fail to shift stock. The British fashion market is worth around 55 billion pounds a year in sales, with 80 percent of that coming from physical stores and the remaining 20 percent from online. According to the Times, the three...