Multiple UK consumer spending and retail spending reports that were released on Tuesday showed one general trend of consumers reining-in their purchases. But at least fashion is staying buoyant for now.
There was a new twist in the sale process for Ted Baker on Tuesday as the company announced in a stock exchange filing that the preferred potential bidder it had identified has decided not to proceed with an offer.
A.K.A. Brands announced on Monday the appointment of Sourav Ghosh to its board of directors, effective immediately.
Premium menswear brand True Classic announced on Monday its international expansion into the UK, Canada, Australia and New Zealand.
Southeast Asian e-commerce giant Lazada has appointed James Dong as its new group CEO, effective immediately. Dong replaces Chun Li, who has helmed the company since July 2020.
Gap announced on Monday that it is expanding its presence in the metaverse via two new non-fungible token (NFT) initiatives with Demit Omphroy and Dogami.
Kohl's Corp has entered exclusive negotiations with retail store operator Franchise Group Inc over a potential sale of the department store chain, valuing it at nearly $8 billion, the companies said late on Monday.
Sneaker marketplace StockX has denied allegations from Nike that it is selling counterfeit shoes.
The 30-year-old Colombian ready-to-wear brand showed its Resort 2023 collection and revealed plans to expand in the U.S. market.
On a day when there was plenty of top UK executive news, a report on Monday said that former ASOS CEO Nick Beighton is joining Secret Sales as chairman.
How is Superdry’s goal to become the most sustainable listed global fashion brand on the planet coming along? Making “huge progress”, according to the UK-based retailer, and based on its latest eco campaign.
UK eco underwear start-up Bedstraw + Madder has formed an alliance with environmental company Raddis Cotton to “create transparent, chemical-free clothing that restores our ecosystems, biodiversity and climate".
Beware: a major rise in corporate distress and bankruptcies, especially in retail, is looming, experts say. Rising costs, supply chain problems and the end of government support could trigger failures this autumn.
Backed by its owner, Swiss investment fund Capvis, the swimming specialist is deploying a strategy designed to take it towards new horizons, as deputy CEO Giuseppe Musciacchio told FashionNetwork.com.
Fashion retailer New Look said on Monday that CEO Nigel Oddy has stepped down and is leaving the firm. It also said that the search for his successor is “well-advanced” but it gave no hint of who might take up the post.
