fbpx

Finance

MANGO

Mango expects to exceed 2019 profits in 2021

Mango has closed the first half of 2021 with 21% more sales than in the same period of 2020, prompting the retailer to revise its forecasts for this year – expecting profits to exceed those of pre-pandemic 2019.
Armani

Armani recovers in first half of 2021 with 34% sales rise

The Armani Group's consolidated net revenues at 30 June 2021, showed an overall growth of 34% compared to the first half of 2020.
Selfridges

Selfridges owner begins formal auction process for £4bn sale

The Weston family has kicked off a formal auction process for Selfridges and has placed a price tag of £4bn on the luxury department store chain.
Leicester Square

Leicester Square seeking new flagship tenant as “Burger King Corner” undergoes...

Property developers are set to spend £100m transforming the north-east corner of London’s Leicester Square and are seeking a new flagship tenant for one of the capital's most high profile sites.

Consumer confidence edged above March 2020 levels in July

Consumer confidence edged above March 2020 pre-lockdown levels in July, according to GfK’s UK consumer confidence barometer.
High street shopping

Retail sales up in June as Euro 2020 boosts food sales

Retailers saw sales rebound in June as football fans enjoying the Euros bought more food and drink but non-food retail, including clothing, was down.
Ted Baker

Ted Baker quits Ugly Brown Building HQ for Gorgeous Brown Building

Ted Baker has signed a 10-year lease with Westminster City Council on a new company HQ and expects to move in next summer.
Crocs

Crocs reports record second quarter revenue and commits to Net Zero...

Casual footwear brand Crocs has reported record second quarter revenues, reaching $640.8m, an increase of 93.3% compared to the same period in 2020.
Touchwood Solihull

Ardent completes acquisition of Touchwood shopping centre in Solihull

US-based real estate investment and asset management firm The Ardent Companies has completed the acquisition of Touchwood shopping centre in Solihull, home to retailers including John Lewis, Zara and Next, from Lendlease Retail Partnership (LLRP) for an undisclosed sum.
Gym King

Gym King secures multi-million pound investment from JD Sports

Growing lifestyle and performance brand Gym King has secured a multi-million pound investment from JD Sports Group.
Marks & Spencer

Enforcement of EU trade rules on Irish Sea trade threatening M&S...

The “pointless” enforcement of EU rules on Irish Sea trade is threatening Marks and Spencer’s business operations on the island of Ireland, its chairman has warned.
Mulberry

Mulberry rebounds to profit amid lower costs and online boost

British luxury house Mulberry has swung back to profit for the past year after reducing costs and growing online sales.
Vegan

Vegan marketplace receives £400,000 investment

Online vegan fashion marketplace, Immaculate Vegan Ltd., has successfully raised its first round of investment, securing £400,000 from a number of leading investors, including an award-winning angel investment fund.
Next

Next agrees to repay £29m in rates as sales soar

High street fashion giant Next has agreed to repay part of the savings it made from the Government’s business rates holiday after sales soared faster than expected.
Off-White AW19

LVMH acquires majority stake in Virgil Abloh’s Off-White

French luxury house LVMH has acquired a majority stake in the label Off-White, launched by designer Virgil Abloh in 2014.
Ermenegildo Zegna

Ermenegildo Zegna to float in New York

Italian luxury menswear brand Ermenegildo Zegna is preparing for a listing in New York in a deal that will still allow its founding family to retain a majority stake.
Sosandar

Sosandar sees yearly revenue increase 35%

Sosandar, the online women's fashion brand, has reported a year of strong revenue growth, with revenue increasing 35% to £12.2 million (compared to £9.03 million in 2020).
Fenwick

Fenwick family quietly seeking buyers for flagship Bond Street store

The Fenwick family have reportedly been quietly seeking buyers for their flagship Bond Street department store.
The Very Group

Barclay family pushes ahead with possible Very Group float

With online sales expected to continue growing at pace, the Barclay family has appointed STJ Advisors to prepare The Very Group for a £3 billion-plus flotation in London next year.
Liberty

Liberty London sales plunge to £55.77m

Historic London department store Liberty London has reported full year sales dropped to £55.77 million compared to £93.14 million the year prior.