JD Sports Fashion is turning its attention to esports, the booming international video games competition arena. The UK’s biggest athletic sportswear retailer has signed a commercial partnership deal with Excel Esports.
Fortnum & Mason had a strong Christmas period, but its latest accounts for the year to last July also showed it swinging to a pre-tax loss for the first time since 2009.
SMCP’s shareholders met in a general meeting on Friday and dismissed the Chinese group’s representatives from the board. Christophe Chenut, Xavier Veret and Natalia Nicolaidis have been named in their place.
Swedish fashion house Filippa K has named Liisa Kessler as its new Creative Director. It’s a big move for the label as she succeeds brand founder Filippa Knutsson, who stepped away from the role as far back as 2019.
Eyewear giant Safilo has further extend its control of Privé Revaux, adding to its existing 64.2% stake so that it now owns 81.9% of the company.
Speculation is intensifying over who might buy Boots from its current owner Walgreen Boots Alliance, and the latest names in the frame are the Issa brothers, the retail tycoons who recently took control of Asda.
Former Farfetch COO Andrew Robb is in the running to be the next CEO of ASOS, a report has claimed. There had been speculation in recent weeks that Robb was a contender for one of global fashion's top leadership posts.
Burberry is the latest big name in fashion to link its finances to its drive to operate a greener and more ethical business. It has refinanced its revolving credit facility to a £300m sustainability-linked loan.
Fast fashion giant Boohoo has handed shares to almost 5,000 of its workers as part of its commitment to “encouraging all employees to be shareholders in the business”.
Aditya Birla Fashion and Retail said on Friday it would buy a 51% stake in House of Masaba Lifestyle for about 900 million rupees ($12.14 million), as it seeks to strengthen its presence in the fast growing segment.
U.S. holiday sales in 2021 came in at a better-than-expected $886.7 billion, boosted by customers returning to stores and splurging more online, even as a jump in Covid-19 cases and supply chain issues loomed.
Borsalino, a magical name, hasn’t had the most magical time of late, with a pandemic-induced factory closure and a tough global market, but with an art-inspired collection its new management reveals their strategy.
Fashion lifestyle brand Weird Fish saw sales and profits rising last year with a 71% revenue spike to £35.5 million as online sales surged.
JD Sports Fashion shares fell this week, despite a strong trading update being released. And now we know the reason why — its executive chairman sold a huge chunk of shares.
Occasion-focused fashion brand Quiz had a better Christmas trading period in 2021 than 2020, with the company on Friday saying December revenues rose 20% year-on-year to £8.8 million.
