Asos concluded a strong year with a four-month autumn and festive period that showed just how strong a business it is. Sales soared not just in the UK but globally and it expects higher profit as a result.
The Debenhams webstore may still be operational pending any news on whether the brand will be bought by Frasers Group, but it has ceased taking orders in the Republic of Ireland for now due to Brexit complications.
Frasers Group has bought another company with the purchase of designer fashion retailer Psyche for an undisclosed sum. The company has a 40,000 sq ft shop in Middlesbrough, and a webstore, and employs 58 people in total.
Fred Perry has filed its results for its shorter financial year with ongoing improvement in sales, although margins fell. It also highlighted a move to quarterly collections and said it's in a strong cash position.
British lawmakers approved Prime Minister Boris Johnson’s post-Brexit trade deal with the EU on Wednesday, as both sides looked to begin a new chapter of relations just days before their divorce becomes a reality.