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Milan-based investment fund Style Capital has acquired a majority stake in Australian luxury brand Zimmermann. The label, founded in Sydney in 1991 by sisters Nicky and Simone Zimmermann, operates 19 stores in Australia and is internationally known for its upmarket swimwear collections. “We are excited […]

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Sir Philip Green’s Arcadia has become the latest retail casualty of the Covid-19 pandemic after falling into administration on Monday evening and putting some 13,000 jobs at risk. The group, whose portfolio includes Topshop, Burton and Dorothy Perkins, has appointed administrators from Deloitte after […]

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Yoox Net-A-Porter (YNAP) Group has named Geoffroy Lefebvre as new CEO, replacing current CEO and founder of Yoox, Federico Marchetti, effective 4 January. Lefebvre joins from parent company Richemont where he has worked as digital distribution director. He will be replacing Marchetti, who founded his […]

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A week after falling into administration, Jaeger has announced it is to cut 103 jobs and close 13 stores and concessions. The Edinburgh Woollen Mill (EWM) Group-owned fashion brand, along with EWM Group-owned discount retailer Peacocks, appointed administrators from advisory firm FRP last week following […]

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Sir Philip Green’s Arcadia could reportedly fall into administration as early as next week, putting 13,000 jobs at risk. The group, whose portfolio includes Topshop, Burton and Dorothy Perkins, is preparing to appoint administrators from Deloitte following failed talks between Arcadia and its lenders […]

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Mulberry has reported a narrowing of losses in the first half of the year despite a drop in revenue relating to Covid-19 and the forced closure of its stores from the start of the period. For the twenty-six weeks ended 26 September, the company managed to cut its adjusted loss before tax to 1.9 million […]

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Edinburgh Woollen Mill (EWM) Group’s Jaeger and Peacocks chains have fallen into administration. Tony Wright and Alastair Massey, partners at advisory firm FRP, were appointed joint administrators on Thursday following efforts by management to secure a solvent sale of both businesses. London-based Jaeger […]

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The Fast Retailing Group has announced a shakeup of the business model of its premium denim brand J Brand which will result in an undisclosed number of job cuts. To be more precise, the company said it will launch a “strategic plan to rearticulate the business model” of the brand “and shift direction […]

  1. Burberry encouraged by recovery despite drop in profit
  2. Farfetch announces major tie-up with Alibaba and Richemont
  3. John Lewis to cut 1,500 head office jobs

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