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.
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.
With all the talk of inclusion, fashion isn’t measuring up for tall girls.
Camille Perry and Holly Wright met while at Topshop and have plied their years of experience into the new collection.
Coppel will oversee the three companies which are owned by Sir Philip Green as they undergo a major restructuring.