Westminster City Council plans to pour 150 million pounds into Oxford Street and its environs to transform the area into one of the “most sustainable” districts of its kind.
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.
After buying Debenhams’ assets earlier in the week, Boohoo is preparing to swoop on Dorothy Perkins, Wallis and Burton, although it isn’t interested in the physical stores.
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.
Evans is the first Arcadia brand to be offloaded after the British group filed for bankruptcy in November.
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.
Topshop’s troubled parent had been undergoing a major restructuring, but store closures resulting from two national lockdowns pushed the retail group over the edge.
Arcadia, which was already forced to shut stores and restructure, could file for administration in the U.K. as early as next week, according to reports.
The collection coincides with the arrival of Anthony Cuthbertson as global creative director, a new role.
Stores may have reopened two weeks ago, but they’ve only just begun to count the cost of lockdown closures, and new social distancing measures.
The move follows that of Arcadia Group, where top bosses’ pay checks were slashed up to 50 percent.