KPMG news and archive

Designer Brands appoints John Atkinson to its board of directors

Designer Brands has appointed John Atkinson as a member of its board of directors, effective August 1, 2024. The company said Atkinson was also named a member of both the audit committee and the nominating and corporate governance committee. "John’s extensive expertise as a strategic financial counsellor will be fundamental to guiding our path...

Member

Report

Dune Group founder appoints KPMG to attract business investors

The Dune Group’s founder and chairman, Daniel Rubin, has appointed KPMG to find new investors in the business. Rubin, who established the footwear and accessories brand 30 years ago, said in a statement: “Having spent 47 years in the footwear industry the time is right to realise the investment I have made in Dune. The business is strong with a...

Member

Business

Study: 90 percent of consumers are “curious” about the metaverse

One innovation that brands, retailers and consumers can hardly ignore is the metaverse, a virtual reality space where users can interact with a computer-generated environment and each other. More and more brands and retailers have discovered the metaverse for themselves and are trying to attract their customers not only offline and online, but...

Member

Management

400,000 jobs could be lost from English high streets post-Covid

Some 400,000 jobs could be lost across England’s high streets post-Covid as an acceleration of online shopping and new work-from-home habits are expected to drive down footfall, new research suggests. According to a report by KPMG, a drop in commuter flow in England could range from over a tenth to under a third of commuter footfall seen...

Member

Report

UK retail sales hit record low in 2020

UK retail sales hit a record 25-year low in 2020 during a year plagued by prolonged store closures. For the whole year, total sales fell 0.3 percent compared with 2019, a record low since records began in 1995, according to the latest BRC-KPMG retail sales monitor. That drop was driven by non-food items, as categories such as fashion were hit...

FeaturedMember

Business

Vanners bought out of administration

Sudbury-based textiles manufacturer, Silk Industries that trades as Vanners, has been bought out of administration by businessman Roger Gawn. Vanners, which develops and manufactures silk fabrics and products for the luxury menswear, fashion and furnishing markets, fell into administration on November 9, 2020. Silk Industries appointed James...

Member

Report

UK retail sales show signs of recovery in June

Retail sales have shown signs of recovery in June, with total sales up 3.4 percent compared to last year, the biggest year-on-year increase since May 2018, new data reveals. It is the first growth registered since the end of the UK’s lockdown and far above the three-month average decline of 6.4 percent, according to the latest BRC–KPMG retail...

Member

Report

Intu warns shopping centres may close if administrators called in

Intu has warned that if crunch talks this week with lenders fail, it may fall into administration and be forced to close shopping centres. The UK shopping centre operator has been in talks with key stakeholders to reach a standstill agreement on terms of up to 18 months ahead of the revolving credit facility covenant waiver deadline of 26 June...

Member

Report

Intu puts administrator KPMG on standby

UK shopping centre operator Intu has reportedly put accountancy firm KPMG on standby to act as administrator. KPMG will be handling an insolvency process if lenders refuse to grant Intu the 18-month standstill it has requested, Sky News reports. Intu employs around 2,000 people. The firm, which operates Manchester’s Trafford Centre and Lakeside...

Member

Business

House of Holland enters administration

House of Holland, once a staple at London Fashion Week, has entered administration, following news earlier this week that founder and creative director Henry Holland was stepping down from the label to become a brand consultant. Management consultancy firm KPMG has confirmed that Will Wright and Steve Absolom from its restructuring practice were...

FeaturedMember

People

Henry Holland to exit label

British designer Henry Holland has announced that he is stepping back from the House of Holland fashion brand he founded in 2006, after asking management consultancy firm KPMG to see new investors. Holland, who shot to fame with his cheeky, slogan T-shirts and became a London Fashion Week staple, has said that he is looking to become a brand...

Member

Report

Beales, one of UK's oldest department stores, falls into administration

Beales, one of the UK’s oldest department stores, has fallen into administration, putting over 1,000 jobs at risk. The department store, which began trading in Bournemouth in 1881, appointed accountancy firm KPMG as administrator on Monday after it failed to find a buyer or additional funding. The chain’s 23 stores will continue to trade and...