KarstadtQuelle has announced an end to the risk of insolvency with a €4.5 billion refinancing deal. The struggling German retail chain used its core property portfolio to back the deal, which was structured through a…
Retailers are warning of a rising tide of protectionism in Brussels as the European Commission prepares to slap punitive tariffs on imports of cheap Chinese shoes this week. The EC is expected to rubber stamp…
Privately-held fashion chain New Look has informed its suppliers that it is extending its payment terms from 60 days to 75 days from July onward. Managing director of finance and services at the retailer, Alastair…
Amazon.com shares dropped as much as 18 per cent Wednesday after the on-line retail pioneer posted sharply lower second-quarter profit and said it would boost spending in the second-half, crimping its profitability. The stock tumbled…
Last night Paul Smith hosted the launch of Dylan Jones’ new book, Mr Jones’ “Rules” at his Floral Street shop. “The Rules” is the complete modern guide to being a man in the twenty-first century…
Classic British luxury brand Daks is slated to re-open its Bond Street boutique following an extended refurbishment. The store’s interior, designed by Craft, will reflect the House’s English heritage, and feature its menswear, womenswear, luxury…
German luxury brand Escada is joining the scores of other offering premium children’s wear. The fashion house has signed a licensing agreement with CWF Group (Children Worldwide Fashion) for a line of children’s wear. The…
Raymond Weil, the luxury Swiss watchmaker is suing the Oscar-winning actress Charlize Theron for allegedly breaking an endorsement deal to wear only its watches. In court papers filed late Monday, Weil stated Theron signed an…
Tesco is investing heavily in a clothing and home furnishings catalogue, online sales and shop-in-shop fashion outlets. The British supermarket giant expects the comprehensive range to reach sales of £1 billion next year. “We have…
Sports Direct majority shareholder Mike Ashley has hit back at City critics branding unsupportive investors a ‘bunch of cry babies’. Click Here: Geelong Cats Guernsey The sports retailer, which owns brands such as Slazenger and…