The casualwear specialist has sold a majority stake in itself to CorpAcq, in a deal that will help it expand as it hopes to reach its ambition of becoming “the best multichannel retailer for the grown-up generation”.
UK retail had a better time in April yet not everybody was happy as department stores proved to be the main sector that was struggling. At least fashion had a better time of it than in the first few months of the year.
The House of Fraser plan to downsize its store numbers and rationalise its remaining space looks like it will be going to the heart of its operation with even its Oxford Street, London flagship not immune.
After news that its CEO has been poached by Dr Martens, textiles-to-fashion-to-homewares company Cath Kidston has quickly found a replacement with American Melinda Paraie to join the British company next month.
The world’s largest retailer of diamond jewelry has signed onto De Beers’ pilot program for diamond blockchain Tracr, the first retailer to join a growing number of big diamond industry names trialling the platform.
Online retail sales in France rose 13% to 22.3 billion euros ($26.10 billion) in the first quarter, said the French E-Commerce Federation, highlighting growth in a sector that has seen Amazon and others make in-roads.
South African clothing and homeware retailer The Foschini Group (TFG) on Thursday reported a smaller than expected rise in full-year earnings, hurt by higher expenses, sending its shares down as much as 4.8 percent.