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Zara founder buys luxury apartment building in Dublin for $108 million

Zara founder buys luxury apartment building in Dublin for $108 million

Spanish billionaire and Zara founder Amancio Ortega has bought a luxury residential building with 120 apartments for rent in Dublin, Ireland, for around 100 million euros, his private firm Pontegadea said on Friday.
Lifestyle
Activist shareholder calls for action at THG

Activist shareholder calls for action at THG

THG is being urged to up its game. Activist shareholder Kelso Group has increased its holding in the online retail and technology giant while demanding its board delivers results.
Beauty
Delayed Sloane Street transformation to start, will see £46m spend

Delayed Sloane Street transformation to start, will see £46m spend

​London’s Sloane Street is to be transformed into a greener and even more appealing shopping destination in a partnership between landlord/developer Caodgan and the local authority.
Luxury
WGSN owner says revenue rises, but non-fashion is growth driver

WGSN owner says revenue rises, but non-fashion is growth driver

Up-for-sale WGSN could have a new owner before the end of April. That’s the news from UK-based specialist information and analytics owner Ascential that earlier decided to offload the UK-based business in January.
Fashion
H&M profit gets Q1 Sellpy boost, says womenswear, COS and Arket are strong

H&M profit gets Q1 Sellpy boost, says womenswear, COS and Arket are strong

​H&M’s Q1 results showed the company increasing operating profit, net profit and sales in the three months to the end of February. But challenges remain and many spring season sales have been delayed by cold weather.
Fashion
GXO Direct launches warehousing solutions for UK SMEs

GXO Direct launches warehousing solutions for UK SMEs

It’s big in the world of UK and Ireland logistics with a client list already including M&S, ASOS, and Matchesfashion. But GXO has now launched GXO Direct in the UK offering shared warehousing solutions for smaller firms.
Fashion
Next has good year, says price rises will slow

Next has good year, says price rises will slow

Fresh from news of its latest acquisition — Cath Kidston — Next has reported its annual results and as is usually the case with the company, it achieved a performance many peers would envy.
Fashion
Next confirms Cath Kidston acquisition for £8.5m

Next confirms Cath Kidston acquisition for £8.5m

Next has confirmed its widely expected purchase of the Cath Kidston brand. In the briefest of stock exchange announcements the company said it's paying £8.5 million for the brand.
Fashion
Footfall set for big Easter boost as consumers bide their time

Footfall set for big Easter boost as consumers bide their time

Expect this year’s long Easter weekend to be strong for UK retail. That’s the forecast from MRI Springboard, which thinks shoppers are “holding back in anticipation”.
Fashion
Landsec takes full control of St David’s mall, buys adjacent ex-Debenhams space too

Landsec takes full control of St David’s mall, buys adjacent ex-Debenhams space too

Landsec now owns all of the successful St David's shopping centre in Cardiff, as part of the commercial property giant’s bid to build on “operational and strategic momentum”. 
Fashion
Hotter owner Unbound mulls possible takeover by WoolOvers Group

Hotter owner Unbound mulls possible takeover by WoolOvers Group

​Unbound Group is the latest stock exchange-listed UK business to consider a takeover offer that may be well above its market capitalisation based on its recent share price, but is still far below its all-time high.
Fashion
Next in talks on Cath Kidston buy, deal possibly imminent

Next in talks on Cath Kidston buy, deal possibly imminent

​Next is back on the acquisition trail. The retail giant, which delivers its results later this week, is reportedly in “advanced talks” about buying troubled Cath Kidston.
Fashion
Matalan names new Chair from Takko, ex-Co-op food leader Whitfield is CEO

Matalan names new Chair from Takko, ex-Co-op food leader Whitfield is CEO

There’s a new leadership team at Matalan with the company announcing on Monday that Karl-Heinz Holland is now the company’s Chair and Jo Whitfield joins as CEO. 
Fashion
Luxury activity exploded in 2022, pop-ups were key - report

Luxury activity exploded in 2022, pop-ups were key - report

Luxurynsight has released its annual Global Luxury Brand Analysis report and found an unsurprising double-digit rise in overall activity for fashion and leather goods last year as the world 'normalised post'-pandemic.
Fashion
UK Gen Z shoppers embrace VAT-free EU spending post-Brexit

UK Gen Z shoppers embrace VAT-free EU spending post-Brexit

​The UK may have failed to offer the hoped-for Vat-free shopping for EU tourists post-Brexit, but British tourists are taking advantage of their ability to shop tax-free within the EU, and Gen Z is leading the charge.
Fashion
Mary Portas weighs in as John Lewis controversy continues

Mary Portas weighs in as John Lewis controversy continues

JLP Chairman Sharon White is mulling bringing in an outside investor, but the idea has sparked a big backlash and at the weekend, a high-profile industry insider accused the retailer of losing sight of what’s important.
Fashion