fbpx

Finance

Newsletter banner

Jigsaw says it could shutter up to 20 stores after footfall...

Jigsaw has said it could shutter up to 20 stores after seeing footfall plummet following the coronavirus lockdown. The premium fashion retailer said it has...
Gymshark

Gymshark valued over £1bn as US private equity firm General Atlantic...

US private equity firm, General Atlantic has taken a significant stake in fitness and activewear brand Gymshark, in a move that has valued the...
Select fashion store

British Property Federation says Select CVA is “deplorable”

The British Property Federation (BPF), has criticised high street fashion chain Genus UK Ltd, trading as young women’s fashion retailer Select - which has...
QUIZ

Quiz doubles banking facilities to £3.5million

Fast fashion retailer QUIZ has announced that it has agreed an extension of its existing banking facilities with HSBC.
Farfetch

Farfetch reports a rise in Q2 sales

Luxury etailer, Farfetch has reported a rise in second quarter sales by 74%, in what founder, chairman and CEO José Neves described as a...
New Look

New Look secures agreement with financial creditors to invest £40m

New Look has launched a major restructuring of its finances to reduce its costs after sales were hit by the Coronavirus pandemic. The company said...
Brooks Brothers

Brooks Brothers sold for £250 million

Brooks Brothers, America’s oldest apparel company, has announced that Authentic Brands Group and Simon Property Group LLC were selected as the winning bidders in...
The Very Group

The Very Group reports strong annual revenue growth

The Very Group has reported strong annual revenue growth that saw it exceed £2 billion for the first time. The owner of Littlewoods and Very...
Dr Martens

Dr. Martens reports 48% revenue increase

Dr. Martens increased its revenue by 48% to £672.2 million in the year to 31 March, as its underlying EBITDA climbed by 93% to...
intu Trafford Centre

intu’s Trafford Centre up for sale

The Trafford Centre, Britain's fourth-biggest shopping centre, is being put up for sale less than two months after its parent company, intu, collapsed into...
Jeff Banks

Creditors approve CVA for Ben Sherman and Jeff Banks licensee Baird...

The creditors of menswear business Baird Group – the licensee for brands including Ben Sherman, Jeff Banks and Suit Direct – have...
Oxford Street 2020

UK enters recession after GDP plunges 20.4%

Britain has officially entered into the largest recession on record after figures showed the COVID-19 pandemic sent the economy plunging by 20.4% between April...