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Fashion
Topshop Poised for High Street Comeback as Asos Sells Majority Stake for 135 Million Pounds
In a surprising turn of events, Topshop and Topman could soon make their return to the high street following Asos's decision to sell a 75% stake in the fashion brand to Heartland, a subsidiary of the Danish fashion conglomerate Bestseller.…
Victoria Beckhams Fashion Empire Surges as Losses Narrow and Sales Skyrocket
In a remarkable turnaround, Victoria Beckham's eponymous fashion and beauty business has witnessed a staggering 52% surge in sales, reaching an impressive £89 million in the past year. This substantial growth has led to a significant…
Marks and Spencer Explores Clothing-Only Boutiques Amid Fashion Sales Surge
In a strategic move to capitalise on the resurgence of its clothing business, Marks & Spencer is considering the launch of standalone clothing boutiques. The British retailer plans to open a trial store in London's Battersea Power…
Tesco Adopts Digital Passports for Clothing Range Ahead of EU Sustainability Crackdown
In a proactive move, Tesco, Britain's largest supermarket chain, has agreed to introduce "digital passports" across its clothing range. This decision comes as the European Union prepares to enforce new rules aimed at boosting supply chain…
Adidas seeking ‘monopoly’ on stripes, New York designer tells London court
In a London court battle with luxury brand Thom Browne, Adidas was accused of trying to establish a "monopoly on clothing featuring stripes" by threatening fashion designers' creative freedom.
The New York designer and the sportswear…
Burberry profit warning prompts investors to sell off shares
Burberry's chief executive has been fired and its dividend canceled after the latest of a string of profit warnings.
The shares of the British luxury brand plunged after the announcement that Joshua Schulman had been appointed to replace…
Shein’s pursuit for London IPO brings UK regulator into spotlight
Lawyers say that Shein's pursuit for a London listing placed the UK Financial Conduct Authority (FCA) under intense scrutiny. The regulator is weighing up its approval while trying to balance Britain’s reputation as a country with strong…
Shein launches €200mn fund for fashion waste while it waits for IPO approval
Shein, an online fast fashion group planning to list in London, has launched a €200mn “circularity fund” that, according to its executive chair, will address fashion waste. This comes amid concerns over the sustainability of the brand.…
Stock market plans for Taylor Swift’s “dirty” trainers are derailed by the French…
Golden Goose, the "dirty trainers" brand that Taylor Swift loves, will postpone their planned listing, after the French snap elections caused turmoil in European stocks.
The Italian brand owned by the British private equity firm Permira…
What is the great fashion Brexit? Why UK designers are flocking to Milan
Milan's men's fashion show is where the biggest Italian names come together. Prada is the one who decides which trouser style everyone will wear in a few years and Gucci releases the next it bag. As the shows began at the weekend, a new…
Shein shifts focus to London following the failure of her New York IPO
Shein will list in London in the next few months, as tensions between Washington DC and Beijing have slowed down plans to launch a major IPO in New York.
Donald Tang, the executive chairman of the Singapore-domiciled company, said in an…
As demand for luxury goods declines, Burberry’s profits fall by 40%
Burberry's profits fell by 40% over the past year due to a general slowdown in luxury goods demand that has affected sales in Asia, and Americas.
In its preliminary results published on Wednesday, the high-end UK retailer of fashion…
Shein’s listing plan of £53bn is a boost for London
The fast-fashion retailer Shein has accelerated its plans to float a record breaking in London.
Reports claim that the Chinese-founded online retailer chose London as its listing location, after deciding against New York due to tensions…
Can fashion giant Shein pull of a blockbuster London parade?
Donald Tang can recall exactly where he stood when he heard the first news about Shein. The former banker and his wife were dining in Hawaii at the beginning of the pandemic in 2020. Tang's spouse complimented the waitress for her stylish…
Frasers Group acquires assets from MatchesFashion
Frasers Group bought out parts of MatchesFashion from administration. The deal did not include the stock worth £80 million or the remaining 250 employees.
The Sports Direct founder Mike Ashley's retail group, controlled by Ashley, 59…
Burberry shares plunged, making it a target for takeover.
City analysts warn that Burberry faces a takeover after it lost a fifth of its worth since the beginning of the year.
A profit warning by Burberry’s Paris-listed competitor Kering which owns Gucci triggered a fall in the shares of the…
Asos will take the ‘necessary action’ following a 18% decline in sales
Asos said it would take "necessary action" to turn around its fortunes, after the fast-fashion retailer's losses in the first half widened. Sales also fell by almost a fifth.
In the six-month period ending 3 March, sales were down 18% on…
Next, Frasers Group is looking at the stricken Ted Baker
Two of the biggest retail groups in Europe have expressed interest in buying Ted Baker's European retail business.
Frasers Group led by Mike Ashley and Next led by Lord Wolfson, Aspley Guise have contacted administrators of Teneo…