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COVID-19

Cath Kidston

Cath Kidston files notice of appointment of administrators

Cath Kidston has filed notice of its intention to appoint Alvarez & Marsal as administrators as the stresses of the coronavirus shut-downs start to...
Schuh

Schuh resumes trading online

Footwear chain Schuh has resumed trading online having suspended its e-commerce operations due to what it said was conflicting advice from the Scottish and...
Primark

Primark to cover wages of factory workers after order cancellations

Primark has created a fund to cover the wages of workers in factories in countries such as Sri Lanka and Bangladesh after it was...
Lululemon

Lululemon cuts senior leadership salaries by 20%

Activewear and lifestyle brand Lululemon has announced a cut to senior leadership team salaries of 20% for the next three months amid...
H&M

H&M sales and profits up for Q1 but drop drastically since...

H&M Group’s net sales increased by 8% to 54,948m Swedish krona in the first quarter ending 29 February 2020, while gross profit increased by...
Sergio Rossi

Shoe designer Sergio Rossi dies age 84

Italian shoe designer Sergio Rossi has died at age 84. Gianvito Rossi confirmed in a statement that his father, the renowned shoemaker, had...
Debenhams

Debenhams makes plans to file for administration as a protective move

Debenhams is lining up administrators to protect the struggling business amid the COVID-19 crisis, though no firm decision to appoint them has been made. The...
Joules

Joules raises £15m to shore it up during coronavirus crisis

Joules has reported it has raised £15 million from investors, in a bid to shore up its balance sheet amid the global Coronavirus pandemic. The...
Marylebone

UKFT campaigns for “forgotten middle” businesses during Coronavirus

According to the UK Fashion and Textile Association (UKFT), more support is needed to help fashion businesses that fall outside eligibility for...
Primark

Primark bosses take 50% pay cut amid virus impact

Bosses at Primark owner Associated British Foods (ABF) said they will take a temporary pay cut as the coronavirus pandemic dents the...
Chancellor Rishi Sunak

Chancellor announces further COVID-19 support for businesses

More businesses will be able to access financial support during the coronavirus lockdown after the Chancellor announced a wider package of measures to assist...
The Modist

The Modist closes permanently due to COVID-19 crisis

The Modist, the trailblazing luxury site for modest fashion, has closed down permanently citing the challenges of the COVID-19 coronavirus crisis. Established three years ago...