The Jaeger and Austin Reed owner has apparently been approached by hopeful buyers interested in its heritage brands. But sources said the approaches were unsolicited and it hasn't been looking to sell the brands
A Bangladeshi garment-makers' trade body is threatening to stop production for EWM over claims millions of pounds are owed to factories. But EWM said most stock has been paid for and deals reached on other orders.
Philip day’s Edinburgh Woollen Mill Group has reported higher profits and expansion in its luxury ops. The multi-brand group made net profit of £23.4m in its latest period with operating margins up to 10.25% from 8.27%.
Bonmarché went into administration as the week ended, with tougher-than-ever trading conditions making a turnaround unlikely. Nearly 2,900 jobs are at risk but its 318 stores will stay open while a buyer is sought.
Buying House of Fraser and ultimately loss-making stakes in firms like Debenhams and MySale may have been a chastening experience for Sports Direct boss Mike Ashley, but it hasn't stopped him from looking for more buys.