U.S. private equity firm KKR & Co Inc will invest 55.50 billion rupees ($755.09 million) in Reliance Industries Ltd’s retail arm, giving the unit a pre-money valuation of 4.21 trillion rupees.
French luxury label Chanel on Thursday raised a 600 million euro bond with clauses linked to its environmental goals, as firms in a sector under scrutiny from waste-conscious shoppers ratchet up green initiatives.
Target Corp said on Thursday it would double its staff for contactless services and hire more seasonal employees for distribution centers this holiday season, as consumers shop more online.
“We must forge ahead, adapting to the situation,” was the motto of the Italian fashion industry’s main institutions on Tuesday, inaugurating a Milan Fashion Week thin on visitors but aiming for a 20-million e-audience.
A Paris court on Thursday convicted 10 people, including seven former staff of French luxury house Hermes, for making and selling fake handbags under its coveted Birkin brand.
UK finance minister Rishi Sunak on Thursday unveiled fresh plans to help the pandemic-hit economy with a jobs support scheme to help people employed on shorter hours, but warned he could not save every business or role.
Giorgio Armani skipped any physical presentation during Milan Fashion Week this season, but that did not prevent his video for Emporio Armani, unveiled online Thursday morning, from packing plenty of oomph and punch.
Sainsbury’s clothing brand Tu has launched an ad campaign called ‘Dress Well, Feel Good’ to inspire the nation to get dressed with their own wellbeing in mind.
Post-pandemic, fashion retailers are targeting as many consumers as they can and Spanish giant Mango has added to its kidswear offer with a new capsule targeting teens that’s available online and in selected stores.
UK retail seems to be recovering in a very uneven way with some destination types recovering faster than others and local high streets faring better than city centres. Outlet malls in particular seem to be doing well.
Temperley has been through some tough times in recent years and experienced a "significant downturn" in trading due to the impact of Covid-19 this year. But a new positioning and strategy is key to its fightback.
Vivienne Westwood reported 2019 results this week and while the figures pre-date the current crisis, it seems confident that it has the strength to continue, despite saying that Covid-19 had a “profound impact”.
Fresh from its takeover of Victoria’s Secret’s UK operations, Next is deepening its intimates involvement with the news that Ted Baker has entered into a product licence agreement with Next for lingerie and nightwear.
Ailing department store chain Debenhams is reportedly in the sights of India’s richest man, Reliance Retail's Mukesh Ambani. He’s among the parties that have approached the firm’s advisers.
The ethical behaviour of online brands during the pandemic is lingering in the memory of consumers and will have a lasting impact on customer loyalty in the UK and Ireland.
Netherlands
