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Finance

Urban Outfitters

Urban Outfitters owners to borrow $220 million to protect business

Urban Outfitter owners URBN today announced it will take measures to protect the financial position of the business, including temporarily closed stores remaining closed...
Mike Ashley Sports Direct Frasers Group

Frasers Group executives take pay cut amid coronavirus crisis

Directors at Mike Ashley's Frasers Group have agreed to have their annual salaries cut to £40,000 while all staff have their salaries guaranteed at...
Laura Ashley

Laura Ashley to cut 268 jobs following administration

Laura Ashley is to cut 268 jobs after the fashion and furniture retailer slid into administration last week. However administrators claim there is interest...
GFG

Global Fashion Group withdraws financial guidance for 2020

Online fashion and lifestyle destination, Global Fashion Group has confirmed it will be withdrawing financial guidance for 2020, which excluded negative effects...
M&S Marks & Spencer

Analysts expect Marks and Spencer division sales to fall by up...

Goldman Sachs analysts have said they expect clothing & home division sales at Marks & Spencer to plunge by up to 60% in the three months...
Tommy Hilfiger Calvin Klein

PVH Corp donates one million dollars to COVID-19 relief efforts

The PVH Corp Foundation has announced it is committing one million dollars toward COVID-19 relief efforts, including a $100,000 donation to the COVID-19 Solidarity...

Kering postpones its Annual Shareholders Meeting

Luxury conglomerate, Kering has announced it will be postponing its annual shareholders meeting due to the Coronavirus epidemic. Kering said in a release: “Given the...
Zalando

Zalando predicts coronavirus hit to Q1 sales and profit

Zalando, one of Europe's leading online platform for fashion and lifestyle, expects its quarterly results to be significantly below its predicted Q1 results, which...
Beales

Beales left suppliers £17.6m out of pocket

Beales, the collapsed independent department store chain, left unsecured creditors £17.6m out of pocket. According to a report from administrator KPMG, unsecured creditors, which include...
Monsoon Accessorize

Monsoon Accessorize considers options due to Coronavirus outbreak

Monsoon Accessorize is mulling options for the business due to being severely impacted by the Covid-19 outbreak. The sale of the company is a...
Business rates high street

Chancellor urged to force councils to free up billions held for...

Chancellor Rishi Sunak is being urged to get billions of pounds worth of tax rebates back into the bank accounts of businesses to help...
Mothercare

Mothercare delays its franchise deal with Boots due to Coronavirus

Mothercare has announced its UK franchise deal with Boots has been delayed due to the Coronavirus outbreak, following an update in its transformation plan. In...