Finance

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66°North

Mousse Partners invests in 66°North as Woolsey joins as president

Mousse Partners has invested in heritage Icelandic label 66°North and announced the appointment of former NET-A-PORTER managing director Matthew Woolsey as global president. The New

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Libra

Libra: Everything you need to know about Facebook’s cryptocurrency

Facebook has announced its own form of cryptocurrency called Libra alongside a digital wallet named Calibra, which will allow users to pay for

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Facebook

Libra: Facebook to launch cryptocurrency and digital wallet in 2020

Facebook is to launch a cryptocurrency next year – backed by the likes of Mastercard, Visa and PayPal – which will allow people

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H&M

H&M sales up but it hints at need for more investment

Fashion giant H&M achieved sales growth for the fourth successive quarter but analysts remain concerned about pressure on margins given the need for

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Chanel will “remain independent” as sales leap to almost £9bn

Parisian luxury house Chanel has reinforced its will to remain independent as it posted sales up 12.5% to £8.84bn ($11.12bn) during 2018. Net

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Jigsaw

Jigsaw makes new appointments to its board

Premium fashion retailer Jigsaw has made a number of appointments to its board following a £20m refinancing last year. Despina Don-Wauchope, formerly of

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Monsoon Accessorize

Landlords play hardball with Monsoon owner over CVA

Landlords are reported to be demanding an equity stake and more rescue funding from the founder of Monsoon Accessorize in exchange for agreeing

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Marks & Spencer

Marks & Spencer sees 85% take-up for £600m investor cash call

High street giant Marks & Spencer has revealed 85.1% take-up for its £600m investor cash-call to finance its joint venture deal with online

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Sir Philip Green Arcadia

Sir Philip Green: Arcadia was not “close to collapse”

Sir Philip Green has rejected suggestions that his Arcadia retail empire came close to collapse before a restructuring plan was clinched with regulators

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Arcadia

Arcadia CVA: the full list of proposed store closures

Arcadia currently operates some 570 standalone stores in the UK and Republic of Ireland across its various fascias including Topshop, Topman, Dorothy Perkins,

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Miss Selfridge Arcadia

Arcadia CVA: What is a CVA, what happens now, and is...

Creditors have today approved plans for store closures and rent reductions across Sir Philip Green’s Arcadia Group. While the approval proved to be

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Topshop Arcadia

Arcadia CVA: an analyst’s view. “It’s a temporary respite.”

Fashion group Arcadia managed to pull the rabbit out of the hat and fend off going into administration Wednesday following a vote backing

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