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The Times

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Chanel Bond Street

Chanel buys Bond Street store after getting coronavirus loan

Chanel has bought its showpiece store on Bond Street after borrowing millions of pounds from the Bank of England’s emergency coronavirus lending scheme.The perfume...
Next

Next cancels £1bn orders and scraps dividend

A “faster and steeper” collapse in retail sales has prompted Next to cancel or delay almost £1 billion worth of stock in addition to...
PPE LVMH

Fashion is dedicating itself to protecting workers in the NHS

A Scottish manufacturer is producing a new, clinical-grade fabric to make 3.5 million protective hospital gowns as the fashion industry steps up to address...
Fashion COVID-19 Primark

Clothes retailers face £15bn of write-offs as stock lies unsold

Fashion retailers are facing £15 billion in stock write-offs, according to industry bosses and analysts.Shops not classed as “essential retail” have been closed since...
JD Sports

JD Sports to step up attack on regulator

The competition watchdog is expected to come under fire again this week as JD Sports kicks back against its findings over its £90 million...
Beyonce x Adidas IVY PARK

Power play of sports brands puts retailers on back foot

When Beyoncé launched her Ivy Park collaboration with Adidas last month there was little doubt that the “athleisure” range would be in demand, given...
Allbirds

Footballer who became a champion of sustainable chic

After his playing career was cut short, Tim Brown built a $1 billion business by making trainers that are the opposite of flash.A...

Struggling retail sector sheds thousands of jobs

About 57,000 retail workers lost their jobs last year, according to an assessment that underscores the problems on Britain’s high streets.Only a fortnight after...
H&M

H&M checks for links to Chinese prison after Tesco Christmas card...

A second high street giant has investigated whether its products were made in a Chinese jail, it emerged yesterday. The claim arose as a former...
YouGov Primark

Shopping with us greener than online, claims Primark’s owner

The owner of Primark has defended the fast-fashion industry and said that shopping on the high street was more environmentally friendly than online delivery...
Clarks

“Significant stress” forces Clarks into store closures

Widening losses and a sharp fall in sales have prompted Clarks to warn that it is under “significant stress” and will make a “meaningful”...
Shop Direct Very

Shop Direct “on verge of rescue deal”

Advisers to the billionaire Barclay family have insisted that the tycoons are only days away from agreeing a crucial £150 million of financing needed...
Mamas & Papas

Mamas & Papas takes baby steps to company sale

Mamas & Papas has hired advisers to explore a sale of the nursery and baby accessories chain as the high street downturn takes its...
Asos

Short-sellers turn up pressure on ASOS shares

ASOS, the trailblazer of British online fashion, fell this morning after it came under further pressure from short-sellers.Along with other hedge funds, Gladstone Capital Management...