Authentic Brands likely to takeover Debenhams & Arcadia Group
US retail firm Authentic Brands is reported to be in discussions with administrators at both Arcadia Group and Debenhams. Arcadia Group fell into administration on...
Tag : apparel
ARCADIA’S FLAGSHIP BRANDS TOPSHOP & TOPMAN VALUE DROPS BEFORE BUYOUT
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...
SECOND LOCKDOWN DENTS PRIMARK WITH LOSSES OF £430 MN
PRIMARK has informed that the second lockdown has brought about £430 million losses for the retailer Associated British Foods (AB Foods) said this figure was...
ONLINE IS NOT PERMANENT SAYS PRIMARK’S CHIEF
Primark’s chief executive Paul Marchant has slammed claims that COVID-19 has brought about a permanent shift to online shopping, Marchant took aim at pundits who...
Puma Private Equity invests £3.5 million in menswear retailer Ron Dorff
Puma’s private equity division Puma Private Equity has invested £3.5 million in menswear retailer Ron Dorff in an effort to support its growth strategy. Puma...
Inditex delivers €866 million net profit in the third quarter, and reaches historic net cash position
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...
TARGET OUTPACING OTHER STORES IN GROWTH
WHICH STRATEGY WORKED WELL?? Target’s fiscal third-quarter earnings easily outpaced analysts’ estimates as retailer’s curbside pickup service grew more than 500% and its home delivery...
Apparel retailer Francesca’s plans to shut another 97 stores after filing for bankruptcy
The apparel chain Francesca’s is now planning to shut an additional 97 locations which comes after its recent filing for bankruptcy protection, according to court...
MANISH ARORA STOPS OPERATIONS
Famous fashion designer Manish Arora’s namesake fashion brand has reportedly been knocked down by bad business deals, unpaid wages, lawsuits and vendor disputes that began...
US CHINA RELATION UNLIKLEY TO IMPROVE BIDEN SAYS WILL NOT REMOVE TARIFFS
President-elect Joe Biden said he won’t immediately remove the elevated tariffs that the Trump administration imposed on China. Biden intends to first review the existing...