The new owners of Debenhams are expected to announce a company voluntary arrangement (CVA) as soon as Thursday or Friday and to outline plans to close 20 of its stores after the key Christmas trading period.
Under-pressure Scandinavian retail giant Stockmann Group issued a profit warning on Wednesday on the back of “the weakened outlook” for its Stockmann Retail operation that should last for the rest of the year.
The global appeal of the Dazed brand was underlined on Tuesday with news that it is to launch in China. Dazed Media has signed an agreement with Yoho Group, China's “largest streetwear platform” to launch Dazed China.
As House of Fraser heads towards the first anniversary this summer of its failure and buyout by Sports Direct, there have been reports that landlords who agreed to rent-free deals are losing patience with the retailer
The Primark headlines may have been largely about its mega-sized opening in Birmingham this month, but the company is continuing to open stores elsewhere and has just opened at Centre:MK in Milton Keynes.
In the third episode of the LuxurynsightXFashionNetwork.com podcast series, Godfrey Deeny talks with Galeries Lafayette’s former international marketing manager about the new expectations of Chinese consumers.
Pledges to donate millions of euros, including from LVMH's Bernard Arnault, Kering's François-Henri Pinault and L'Oréal's founding Bettencourt family, poured in Tuesday in the aftermath of a fire at Paris' Notre-Dame.