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Finance

James Harford-Tyrer Cudoni

Luxury resale site Cudoni wins multi-million pound investment

Cudoni has secured further investment, including from retail veteran Andrew Jennings, taking the total funds raised by the luxury resale site to £4.6m.Daily Mail...

Clarks begins restructuring talks with landlords

Clarks is reported to have begun restructuring talks with landlords to negotiate some store closures and a shift to turnover-based rents.The restructuring (which would...
Oxford Street

Retail footfall impacted by differing COVID-19 restrictions across UK nations

Footfall across all retail destinations in the UK declined by -1.2% last week, 18-24 October, compared to the week before.With different coronavirus-related restrictions coming...
Matthew Moulding

The Hut Group raises forecasts after third-quarter sales surge

Recently floated online retailer The Hut Group (THG) has raised its sales targets after demand surged by more than a third over the past...
Debenhams

Debenhams bids due within the next three days

Potential bidders for distressed department store chain Debenhams are understood to have until the middle of the week to submit their bids.The chain, which...
Gucci UK Store

Kering reports positive sales growth in Q3

Kering has reported better-than-expected revenues in the third quarter, driven by a strong recovery in North America and Asia-Pacific.Kering’s consolidated revenue in the third...
Jaeger

Mike Ashley’s Frasers eyes Jaeger, Austin Reed and Jacques Vert

Mike Ashley's Frasers Group is reported to be in the running to acquire the "heritage" fashion brands, Jaeger, Austin Reed and Jacques Vert, from...
Edinburgh Woollen Mill

Edinburgh Woollen Mill granted 10-day extension to secure rescue deal

Edinburgh Woollen Mill (EWM), which is also parent to Peacocks, Austin Reed and Jaeger, has been granted a further 10 working days to speak...
Next Oxford Street

Analysis: what the latest ONS retail sales figures tell us

Shoppers have continued to increase their spending, with the amount of products bought increasing for the fifth consecutive month in September, according to the...
Gap

Gap considers closure of all of company operated European stores

American fashion giant Gap is considering the closure of all of its company operated stores in Europe along with its UK distribution centre in Rugby.The...
Reebok

Adidas reportedly considering the sale of Reebok

German sportswear giant Adidas is reported to be consider a sale of Reebok, the British-founded sports brand it acquired in 2006.German magazine Manager Magazin has said...
Boohoo

Broker calls for independent chairman at Boohoo

An independent chairman at Boohoo would be "a major part of the group’s rehabilitation in the eyes of investors and other stakeholders" leading broker...
Peacocks Edinburgh Woollen Mill

Edinburgh Woollen Mill group to seek extension to creditor protection

Edinburgh Woollen Mill Group is expected to seek an extension to creditor protection as it races to secure a rescue deal for parts of...
Jaeger

TM Lewin owner Torque eyes Jaeger and Austin Reed

TM Lewin owner Torque Brands is reported to be eyeing a potential acquisition of British heritage fashion brands Jaeger and Austin Reed.Jaeger is part...