Danish fashion retail giant Bestseller released its full-year results on Monday and the numbers showed a business that’s continuing to drive sales upwards but is still facing the same challenges as its peers.
Department store Jenners could be under threat in Edinburgh with the owner of the building it occupies, Bestseller's boss, planning to convert the space into a part-retail location with a hotel, bar and restaurant.
The industry is reeling from news that Bestseller owner and major Asos investor Anders Holch Povlsen lost three of his four children in the senseless tragedy that unfolded in Sri Lanka on Easter Sunday.
Bestseller saw rising womenswear sales in its latest year but most profit came from menswear. And while its CEO was happy with the results, he said the new year is proving tough and the company needs to work harder.