The company seen as the frontrunner to win the Topshop auction surprised observers late on Thursday as it emerged Next had pulled out of bidding for the most valuable name in the Arcadia basket of brands.
The iconic German footwear manufacturer has reportedly received interest from investment fund CVC, which is currently in negotiations to acquire the family-run company valued at around 4 billion euros.
It says a great deal about the current Covid confusion in fashion weeks when the Paris menswear season for fall 2021, the biggest annual series of menswear collections in the world, began on Tuesday with a teaser.
Alibaba Group’s cross-border business-to-consumer marketplace Tmall Global has increased its support for international brands, unveiling a new suite of solutions at the 2021 Tmall Global New Seller Virtual Summit.
Superdry continued to see falling sales in the first half and lockdowns mean the second half has started the same way, But e-commerce is rising and it remains focused on its long-term full-price strategy.