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Victoria's Secret

Next seals JV deal for Victoria’s Secret UK business

Next has secured the joint venture deal for the UK arm of US lingerie business Victoria's Secret. Victoria's Secret parent L Brands announced that the...
TK Maxx

TK Maxx overtakes Topshop as sixth biggest UK fashion retailer

TK Maxx now has a larger market share in the UK fashion market than Sir Philip Green's Topshop. The retailers business model of snapping up...
Matchesfashion

MATCHESFASHION appoints new CFO and COO

MATCHESFASHION, the London-based global luxury fashion destination, has made two key appointments to its leadership team, following on from the arrival of new CEO...
Dr Martens

Dr Martens owner Permira drafts in Lazard to prepare for a...

The private equity owner of Dr Martens, Permira, has drafted advisers from Lazard to prepare a stock market listing of the British boot brand,...
Duty Free Heathrow

Government faces criticism as it plans to end tax-free sales of...

The Treasury has announced plans to end tax-free sales on electronics and clothes at airports, after the UK leaves the EU. The announced...

Boohoo eyes New Look as its next acquisition target

Boohoo is once again reported to be eyeing up distressed young fashion chain New Look as its next acquisition target. The Manchester online fashion group...
Topshop retail

Arcadia makes U-turn to pay full salaries for staff facing redundancy

Sir Philip Green’s Arcadia group has performed a U-turn and agreed to pay full salaries for head office staff facing redundancy. It has also...
John Lewis

John Lewis prepares to reveal the impact of lockdown

The John Lewis Partnership (JLP) is to reveal the full impact of the mass closure of its department stores as partners will also eagerly...

Nicholas Kirkwood to part ways from LVMH and take back ownership

LVMH and British luxury footwear designer Nicholas Kirkwood have parted ways with the designer taking back control of his brand. The split follows a seven year partnership between the British...
Furlough

Targeted extension needed for furlough scheme, warn MPs

The Chancellor should consider a “targeted” extension to the coronavirus furlough scheme to avoid a cliff-edge when it ends next month, according to an...
J Crew

J Crew exits from bankruptcy under new ownership

J Crew has exited from Chapter 11 bankruptcy protection having completed its financial restructuring and now says it is “well-positioned for long term growth.” The...

Retail sector job cuts top 125,000 in first 8 months of...

More than 125,000 jobs in the UK retail sector have been lost in the first eight months of 2020 – far higher than previous...
Manchester City Centre

Ministers announce new grants for businesses affected by local lockdowns

Businesses in England that are required to shut because of local interventions will now be able to claim up to £1,500 per property every...

JC Penney to be acquired by a joint venture between Simon...

US department store chain, JC Penney is set to be acquired by a joint venture between mall owners Simon Property Group and Brookfield Property...