Burberry’s newly appointed chief executive, Joshua Schulman, has acknowledged that the luxury brand’s recent struggles were largely self-inflicted as he unveiled an ambitious turnaround strategy to revitalise the loss-making British
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Fashion retailer Boohoo has revealed plans to raise £39.3 million through a share placement as the company grapples with mounting losses that have more than tripled in recent months. The
British luxury fashion house Burberry witnessed a remarkable surge in its share price following reports of a potential takeover bid from Italian rival Moncler. The speculation, initially reported by specialist
Mike Ashley’s retirement from the board at his retail empire Frasers Group was never expected. After all, the man had spent 40 years torturing his rivals on the high street.
AllSaints has achieved another record-breaking year in terms of revenue and profit. The fashion retailer’s sales and John Varvatos (its American subsidiary brand) rose by 0.6 percent to £459.5 in
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
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
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
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
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
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
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
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
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
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
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
