Frasers Group is continuing its deep dive into the luxury sector. On Thursday it announced that it has increased its already-large stake in leather goods company Mulberry and could make an offer for the brand.
The still-new CEO of the Fenwick chain has spoken of how the company is doubling down on its efforts to drive e-tail sales. It's also widening its appeal with street brands and is upbeat for December footfall.
Mango's online and client director expects the company to finish the year with 800 million euros in digital revenues and has outlined the brand's strategy for a channel which continues to grow despite the pandemic.
British Land, which counts Meadowhall and Drake Circus among its retail assets, said that it has sold £456m worth of retail properties since the beginning of the pandemic and is planning to sell more.
Sales of luxury goods worldwide are set to fall by 23% to 217 billion euros this year, their largest ever drop and first since 2009, due to the fallout from the coronavirus pandemic, consultancy Bain said on Wednesday.
As calls for change in the fashion industry grow, Tuesday saw the launch of Fashion Makes Change, a brand-led community platform with a dual focus on promoting women’s empowerment and tackling the climate crisis.
Following its acquisition of IMAXtree in 2019, the data specialist's second purchase aims to expand its analytics capacities and establish a direct presence in China, where Parklu works with 100,000 influencers.
Walmart Inc is selling a majority stake in Japanese supermarket chain Seiyu to investment firm KKR and e-commerce company Rakuten for over $1 billion, after years of struggling to make money amid stiff competition.
Simon Property Group, the biggest U.S. mall operator, will cut its purchase price for an 80% stake of rival Taubman Centers by 18%, both companies said on Sunday, as the coronavirus upends the retail industry sector.