More mainly bad news about UK retail came Monday. New footfall figures showed store traffic was well down on last year and this weekend won’t offer much relief, even if the five days to Friday should be more buoyant.
House of Fraser has signed a deal with a property-tech startup that will see the UK department stores giant hosting pop-up concessions in stores for small retail brands and expanding its experiential offer on the way.
Superdry is ramping up its sport ambitions following the launch of its separate Superdry Sport label and on Monday it said it has become official clothing supplier for the UK delegation to the Invictus Games.
Chinese social media firm Tencent Holdings Ltd and e-commerce platform JD.com Inc on Monday said they will jointly invest $863 million (647.27 million pounds) in Chinese discount online retailer Vipshop Holdings Ltd.
The operator of brands Calida, Aubade, the Millet Mountain Group and Oxbow has announced the departure of its financial director, after 12 years with the Swiss group. He will cease his role in June 2018.
L Catterton Asia has announced the launch of a joint venture between two of its portfolio companies – GXG, the Chinese menswear fashion group, and 2XU, the premium compression activewear from Australia.
Lenzing Group, a supplier of the global textile and nonwovens industry, has announced in its meeting on December 13 that the Supervisory Board has decided to reappoint Stefan Doboczky as chief executive officer.