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January 20, 2021

Category : Global

Fashion Global Retail Trade

ARCADIA’S FLAGSHIP BRANDS TOPSHOP & TOPMAN VALUE DROPS BEFORE BUYOUT

Gagan Marwah
by Gagan Marwah0594
Topshop, Miss Selfridge and Dorothy Perkins are reportedly now worth about half their £800 million value, following the parent company Arcadia’s administration. Arcadia’s retailers were...
Global News Retail

Inditex delivers €866 million net profit in the third quarter, and reaches historic net cash position

Gagan Marwah
by Gagan Marwah0459
The company has managed to turn around the impact caused by the Covid-19 pandemic, generating a net profit of € 671million in the nine months...
Global News Retail

The US Fashion Retail Bankruptcies

Perfect Sourcing Newsdesk
by Perfect Sourcing Newsdesk01131
Approximately 43 retailers have filed for bankruptcies so far, according to S&P Global Market Intelligence report. Latest retailers to go into administration include Le Tote,...
Global News Retail

Neiman Marcus’ Restructuring Plan Gets Approval

Perfect Sourcing Newsdesk
by Perfect Sourcing Newsdesk0662
Neiman Marcus has received court approval  for its plan to reorganize in Chapter 11. The luxury department store chain, which filed for bankruptcy in May,...
Global News Trade

India to Gain Market Share in the US; as China gets on an Edge

Perfect Sourcing Newsdesk
by Perfect Sourcing Newsdesk01420
The year 2019 witnessed around Rs 20,000-crore market share loss for China in the apparel segment alone and post-COVID- 19, the declining trend has been...