Struggling Quiz released results for the year to the end of March on Tuesday. And while they included only a few weeks hurt by the pandemic, they showed Quiz was already facing challenges before the current crisis.
Walmart Inc’s Flipkart will buy a 7.8 percent stake in Aditya Birla Fashion and Retail Ltd for 15 billion rupees ($204 million), the fashion retail company said, sending its shares up 6 percent on Friday.
SMCP, owner of brands including Sandro, said on Monday it would ramp up spending on advertising and focus store openings mainly on the Chinese market, pausing efforts elsewhere after years of rapid expansion.
Luxury shopping in the post-Covid era is seen again as an exclusive gratification, a localised, digital and sensorial experience through authentic, high-added-value products, according to market research firm Ipsos.
Frasers Group is continuing its acquisition spree among distressed brands in the UK and while it’s reported to be interested in Debenhams, the company is also said to be looking at Jaeger, Austin Reed and Jacques Vert.
Over the weekend, crowds packed a former industrial warehouse in Beijing as the China Fashion Week got underway, with models strutting mask-less on a square runway and guests oblivious to social distancing norms.
The Hut Group has rarely been out of the news in recent months and on Monday it made headlines again as it announced a third-quarter trading update that showed its business continues to go from strength to strength.
Sales for US consumer goods group Procter & Gamble grew by 9% in Q1 of the current financial year, as the group continues to benefit from rising demand for household detergents and personal care products.