David Beckham is reportedly selling a 55% stake in his management business to acquisition-hungry Authentic Brands Group (ABG) for as much as £200 million. The reports haven't been confirmed by either party.
In the eight months since essential retail reopened, shopping centres up and down the UK have achieved notable success in attracting (and keeping) brands. And the Leeds Corn Exchange hasn’t been left out.
The year to the end of March was a tough one for luxury menswear brand Hackett as turnover fell 39.2% as a result of the pandemic. Bespoke tailoring and RTW formalwear were off the agenda for many consumers.
Following a “record” trading year, London jeweller tlke is looking to expand further and has secured £300k in HSBC-related funding. The amount, which is 80% backed by UK Export Finance, will support its 2022 goals.
Retailers' longer return policies, launched during the pandemic to lure consumers, could leave them facing higher costs if shoppers bring back a record-setting $112bn in gifts bought during the long holiday season.
"Challenge the status quo and do not settle.” That is the mantra of Magali Muratore, who joined New York-based fashion brand Tory Burch LLC in July as executive vice president and chief technology officer.
Paris Hilton has created an island in the online virtual world, dubbed Paris World. Like other virtual hangouts, Paris World will collect small payments for purchasing virtual clothing and other experiences.
American shoppers flocked to brick-and-mortar stores this holiday season, with especially strong sales in several states where the rate of full vaccinations against the Covid-19 virus is less than 60%.