Frasers Group is continuing its acquisition spree among distressed brands in the UK and while it’s reported to be interested in Debenhams, the company is also said to be looking at Jaeger, Austin Reed and Jacques Vert.
The Hut Group has rarely been out of the news in recent months and on Monday it made headlines again as it announced a third-quarter trading update that showed its business continues to go from strength to strength.
Mango is creating clothes for the new environment we live in and has launched a campaign and collection called Urban Essentials featuring “less formal and versatile garments with a twist that suit various occasions”.
UK retail took a big hit on Friday with negative news that consumer confidence plummeted in October with GfK’s index delivering worsening figures ahead of what could be a dismal Christmas selling period.
As the world continues to deal with the mega-shock that the pandemic has delivered the fashion sector continues to deliver surprises too with the latest on Thursday being a report that Adidas is planning to sell Reebok.
The company wants to delay its rescue plan to save parts of the UK business. It's expected to apply for a 10-day extension of creditor protection as lockdowns in Wales, where it has its HQ, are hampering negotiations.
According to a new report from KPMG, U.S. consumers are planning to spend less this holiday season, with the apparel and accessories segment expected to be hit particularly hard by reduced shopping budgets.