Sanpower, the giant Chinese conglomerate that’s selling a large chunk of its House of Fraser stake, has revealed a new industry strategy and named luxury specialist Guy Salter Chairman of its New Retail business.
Shop Direct continued to make strides as the UK’s second largest online retailer in the third quarter, however regulatory costs linked to PPI claims has pushed the parent company of Very.co.uk into the red.
Capco, the property developer that owns the freehold of Covent Garden, has announced it is considering a demerger after reviewing the “changing profile and scale” of the central London shopping district.
Aries, Nabil Nayal, and Teija are the trio of newcomers who will have a share of the £380,000 that is available in grants from this year's BFC Fashion Trust, as well tapping into a major mentoring programme.
The company is leaving its home in Langholm in July as it said its new premises in Carlisle will be more accessible for its partners. The current head office will be transformed into a heritage centre.
The royal wedding turned into a social media celebration for British designer names with analysis from InfluencerDB showing huge media coverage generated by Clare Waight Keller, Stella McCartney, Kim Jones and more.
Fashion search platform Lyst has confirmed a new round of financing on the part of luxury giant LVMH. While the terms weren’t disclosed, various reports put the amount both at “over” or “below” $60 million.
Value footwear retailer Shoe Zone may not have reported soaring sales for the six months to March 31 but the company kept its head above water and made progress as sales edged up by 1.1% to £73.7m and profit rose too.
Shareholders of Westfield Corp voted in favour of a $16 billion takeover offer from Unibail-Rodamco, Westfield Chairman Frank Lowy said on Thursday, closing the biggest takeover offer of an Australian company on record.
The South African retailer has repaid about 2 billion euros ($2.34 billion) of its debt in Africa after its local unit used the proceeds of a fundraising to pay back 16 billion rand ($1.26 billion) in shareholder loans.
Target Corp’s first-quarter profit came in below analyst estimates as price cuts, higher wages and investments in its online business ate into margins, sending shares down 5 percent in afternoon trade on Wednesday.
Eddie Bauer and Pacific Sunwear of California are exploring a merger to consolidate their store footprint and weather a prolonged downturn in the U.S. brick-and-mortar retail sector, sources said on Wednesday.