Boohoo is buying up the U.K. high street and its stable of brands is growing by the week. With millions of pounds in cash on its balance sheet, there are likely more acquisitions to come.
Just weeks after snapping up the British department store chain Debenhams, Boohoo dipped into its purse once again buying more fashion brands aimed at an older demographic.
Online giants with deep pockets will alter the shape of the British high street as they snap up ailing brick-and-mortar chains, and recast the retail experience.
M&S will be Jaeger’s third owner in five years, and said the deal should be finalized later this month.
Marketing dollars may push sustainability claims but brands won’t go far without consumer trust in their eco efforts.
Evans is the first Arcadia brand to be offloaded after the British group filed for bankruptcy in November.
The ailing British department store chain has failed to find a buyer after filing for bankruptcy protection in early April, putting 12,000 jobs at risk.
The once-mighty Topshop has fallen on hard times, and could have a new owner soon. Here, WWD takes a look at the rise and fall of a British retail player.
The collection coincides with the arrival of Anthony Cuthbertson as global creative director, a new role.
The British retailer had been looking to strike a deal with its landlords to prevent store closures on both sides of the Atlantic.
The group chief executive officer Ian Grabiner has elected to receive no salary or benefits until further notice.
Green had been charged with four counts of misdemeanor assault.
Coppel will oversee the three companies which are owned by Sir Philip Green as they undergo a major restructuring.