Billionaire Philip Day is now in control of struggling Bonmarché after buying a 52% stake in the distressed retailer. The Peacocks and Jaeger owner will launch a bid for the remaining 48%, along with a business review.
The Ohio-based department store operator announced on Monday that it has appointed Dennis Mullahy to the position of chief supply chain officer, a newly created role at the retailer, currently undergoing restructuring.
Come fly with me, suggests Louis Vuitton, the French luxury house, which will stage its cruise 2020 runway show inside the TWA Flight Center, a legendary example of neo-futurist architecture, in New York on May 8.
Katarzyna Niemirowicz, currently global sales manager at & Other Stories, will become H&M’s new country manager for Spain and Portugal, taking over from Ralf Wein who has been appointed country manager for France.
Superdry co-founder Julian Dunkerton’s claim that he’s winning City support for his comeback bid seemed to have some justification on Monday as it was revealed that two large shareholders are backing his move.
Colin Porter is set to leave his role as CEO of Joules before the end of its 2020 financial year. The announcement comes soon after the news that he will become chairman of Moss Bros to succeed Debbie Hewitt in May.
Budget fashion chain Select is reportedly preparing an administration filing, a move that would put 2,000 jobs on the line. The firm had already entered a CVA to reduce its rent bill and continue operating.
H&M’s net profits fell in Q1 but the drop wasn’t as big as analysts had been predicting and with its sales rising during the period and other good news, the general consensus was that it's managing its turnaround well.
Major retail landlord Landsec announced a raft of new signings from 17 brands covering 63,000 sq ft across its retail portfolio. Brands who have signed for space include Polo Ralph Lauren, H&M, Diesel, and Armani.
Arcadia is set to embark on a store closure plan that could it close over 67 stores of varying sizes in the UK and Ireland. Occupied by brands from across its portfolio, the stores are located in malls and high streets.