Not ‘just another’ new store, Abercrombie & Fitch’s flagship debut on London’s Regent Street ticks several boxes for the US retailer. It reaffirms the company’s commitment to the physical store format in Europe.
Fast Retailing has cut its annual profit outlook as extra Covid restrictions in Japan and elsewhere dented footfall. But its nine-month and Q3 performances were broadly strong and Theory improved in the latest quarter.
As it continues efforts to rightsize its portfolio and repay its debt, Hong Kong’s Global Brands Group has announced the sale of its Spyder business in Korea to Alpha Vista Investment Co. for $40 million.