The Hut Group has gone acquisition crazy with the latest target of its buying spree being skincare and spa brand Espa, according to reports. The company is believed to be acquiring the brand for aorund £100m.
According to a study conducted by Edited, sales of luxury accessories surged in the first half to the detriment of designer clothes, which are losing their luster in a market flooded with cheap fast fashion copies.
Private equity giant Blackstone Group has called off the sale of its $2.8 billion (USD) Australian shopping mall portfolio, a source said, as the looming arrival of Amazon spooks buyers of bricks-and-mortar stores.
H&M has just filed its UK results for the year to November 30 2016 and the figures confirm how tough fashion retailers had it last year with sales and profits broadly flat despite more stores in its third biggest market.
As Boden, the mass-premium brand beloved of the British middle classes, gets ready to open a high-profile high street store (on the King’s Road in London), the company has reported yet another strong year of trading.
M&Co is planning major expansion as its parent firm’s profits rise and its town centre strategy pays off. The value fashion brand's pre-tax profits rose over 100% last year due to store revamps and online growth..
BHS may have crashed and burned a year ago but the business that was picked up out of the ashes is thriving. The reborn BHS.com business saw sales rising 35% in Q2 as womenswear soared with a 350% sales surge.