AllSaints USA's turnover rose in the 12 months before the pandemic, but the Covid crisis took it from "strong momentum" to survival mode and a CVA, although it now thinks it's in a better position to rebound in 2021.
Fashion retailer AllSaints has won creditor backing for its UK and US CVA proposals. It means it can proceed with its plans to downsize the chains with a small number of closures and strike new rent deals.
In a year when the Hong Kong-based brand management group embarked on an ambitious restructuring program and had to face up to the disruptions caused by the Covid-19 pandemic, the company saw its revenue fall 29%.
Its’ a busy French moment for AllSaints, even if it’s the ultimate downtown UK brand. AllSaints is debuting a watch collection; a new series of scents and its Shoreditch Ski Club, the latter in Paris' Le Bon Marché.
Luxury lingerie brand La Perla has its sights set on the beauty industry. The brand, which is known for its high-end lingerie, nightwear and swimwear, has announced the launch of a new subsidiary, La Perla Beauty.