Debenhams’ claim that it now has the set-up and cash to push forward with its recovery plan may come with a few caveats on news that the retailer could be seeking a £50 million cash buffer before the end of the year.
J.C. Penney Co Inc has hired advisers to explore debt restructuring options that would buy more time for the money-losing U.S. retailer to forge a turnaround, people familiar with the matter said on Thursday.
The president of luxury group LVMH has become the world's second-richest man, overtaking Microsoft co-founder Bill Gates but ranking behind Amazon’s founder Jeff Bezos, according to Forbes and Bloomberg.
E-tail sales in the Republic of Ireland (ROI) should rise just shy of 13% this year, which means they will have more-than-doubled since 2010, according to a report from US-based research firm IBISWorld.
E-tail giant Zalando has announced that it’s expanded its sustainable assortment in response to customers being “increasingly concerned about the future of our planet and wanting to make sustainable fashion choices.”
An update from Asos showed sales growth slowing in the EU and US due to logistics issues. But growth in the UK and RoW, plus an end in sight to its warehousing woes all suggest a bright future for the firm.
Ebay beat Wall Street estimates for quarterly revenue and profit on Wednesday, as efforts to make its platforms easier to navigate attracted more customers, coupled with growth in its advertising and payments businesses.
Audacia, a fund led by Charles Beigbeider, has sold its minroty stake in the label A.P.C., acquired in 2012. A.P.C. founder Jean Touitou is now owns 100% of the shares and is not seeking a new investor.