The latest news
Zara founder buys luxury apartment building in Dublin for $108 million
Spanish billionaire and Zara founder Amancio Ortega has bought a luxury residential building with 120 apartments for rent in Dublin, Ireland, for around 100 million euros, his private firm Pontegadea said on Friday.
Swiss watchmakers counting the clock until Chinese tourists return
Switzerland's major luxury watch brands are cautiously optimistic that Chinese tourists will boost sales this year, if they return to Europe in large numbers after the easing of domestic Covid restrictions.
Activist shareholder calls for action at THG
THG is being urged to up its game. Activist shareholder Kelso Group has increased its holding in the online retail and technology giant while demanding its board delivers results.
Delayed Sloane Street transformation to start, will see £46m spend
London’s Sloane Street is to be transformed into a greener and even more appealing shopping destination in a partnership between landlord/developer Caodgan and the local authority.
WGSN owner says revenue rises, but non-fashion is growth driver
Up-for-sale WGSN could have a new owner before the end of April. That’s the news from UK-based specialist information and analytics owner Ascential that earlier decided to offload the UK-based business in January.
H&M profit gets Q1 Sellpy boost, says womenswear, COS and Arket are strong
H&M’s Q1 results showed the company increasing operating profit, net profit and sales in the three months to the end of February. But challenges remain and many spring season sales have been delayed by cold weather.
GXO Direct launches warehousing solutions for UK SMEs
It’s big in the world of UK and Ireland logistics with a client list already including M&S, ASOS, and Matchesfashion. But GXO has now launched GXO Direct in the UK offering shared warehousing solutions for smaller firms.
Missoni opens new store at South Coast Plaza, Orange County
Italian fashion label Missoni has opened its first store at the South Coast Plaza shopping center in Costa Mesa, Orange County, alongside other major luxury brands. A space that features the brand's zig-zag design.
Next has good year, says price rises will slow
Fresh from news of its latest acquisition — Cath Kidston — Next has reported its annual results and as is usually the case with the company, it achieved a performance many peers would envy.
Banana Republic launches new home categories
Gap-owned fashion brand Banana Republic is once again expanding its offering with the launch of a growing 'BR Home' collection.
Next confirms Cath Kidston acquisition for £8.5m
Next has confirmed its widely expected purchase of the Cath Kidston brand. In the briefest of stock exchange announcements the company said it's paying £8.5 million for the brand.
Footfall set for big Easter boost as consumers bide their time
Expect this year’s long Easter weekend to be strong for UK retail. That’s the forecast from MRI Springboard, which thinks shoppers are “holding back in anticipation”.
Landsec takes full control of St David’s mall, buys adjacent ex-Debenhams space too
Landsec now owns all of the successful St David's shopping centre in Cardiff, as part of the commercial property giant’s bid to build on “operational and strategic momentum”.
Hotter owner Unbound mulls possible takeover by WoolOvers Group
Unbound Group is the latest stock exchange-listed UK business to consider a takeover offer that may be well above its market capitalisation based on its recent share price, but is still far below its all-time high.
Next in talks on Cath Kidston buy, deal possibly imminent
Next is back on the acquisition trail. The retail giant, which delivers its results later this week, is reportedly in “advanced talks” about buying troubled Cath Kidston.
Julien Dossena to design Jean Paul Gaultier’s next couture collection
After Olivier Rousteing and Haider Ackermann, it will be the Paco Rabanne creative director’s turn to take charge of Jean Paul Gaultier’s haute couture line for one season. Dossena’s collection will be unveiled in July.