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TheIndustry.fashion

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Mike Ashley Sports Direct Frasers Group

Frasers Group settles £588m Belgian tax dispute

Mike Ashley’s Frasers Group said it has finally resolved a €674 million (£588 million) dispute with the Belgian tax authority.It said it took the...
Retail sales

ONS records record collapse in retail sales with clothing down by...

Retail sales reported the sharpest fall on record last month as clothing sales plunged by a third, according to new figures.The Office for National...
Alok Sharma Furlough

British businesses furlough 2.8m staff

British businesses have applied for 2.8 million workers to be furloughed since the start of the coronavirus outbreak, the Business Secretary Alok Sharma said.He...
Moss Bros

Moss Bros suitor looks to pull £22.6m offer

The owner of Crew Clothing is seeking to pull its £22.6 million deal to take menswear chain Moss Bros private just over a month...
John Lewis

Former John Lewis MD gets £1m payoff

John Lewis has handed an almost £1 million payout to its former managing director, according to figures released today.John Lewis Partnership’s latest annual report...
Cath Kidston

Cath Kidston permanently shuts all 60 stores resulting in 900 job...

Cath Kidston is to permanently to shut its 60 UK stores with the loss of more than 900 jobs.The fashion retailer confirmed its stores...
Furlough Rishi Sunak

Government receives 140,000 furlough scheme applications on launch day

The Government’s employee furlough scheme has received 17,500 applications an hour since it was launched this morning, according to Chancellor Rishi Sunak.At the daily...
Retail sales footfall

Retail footfall saw worst ever decline in March

UK retail footfall experienced its sharpest ever decline after shops shut their doors in the face of the coronavirus pandemic, according to new figures.Footfall...
Arcadia Topshop

Arcadia stores under threat of permanent closure

Sir Philip Green’s fashion empire Arcadia could close some stores down permanently as a result of the COVID-19 crisis as it negotiates with landlords...
Boohoo

Boohoo to post soaring annual sales as investors await virus impact

Boohoo is set to unveil soaring sales for the past year, as investors await news of how the business has been affected by the...
Rishi Sunak

Government’s COVID furlough scheme extended to end of June

The Government will pay for staff to remain on furlough for at least another month, as employees are forced to stay at home to...
Laura Ashley

Extra administrator appointed for Laura Ashley

A third joint administrator has been appointed for Laura Ashley amid pressures caused by the coronavirus crisis.The high-street firm filed for administration in March...
Rishi Sunak

Third of small firms have been given cash grants, says Chancellor

A third of small businesses have been given cash grants to survive during the coronavirus crisis, Chancellor Rishi Sunak said.He added that between £3...
ASOS

ASOS urged to support subcontracted couriers who face redundancy

ASOS has been called upon by a union to step in and help secure the jobs of 70 subcontracted drivers, who have been delivering...