House of Fraser's lenders have thrown it a lifeline with a conditional financing deal that is dependent on its CVA being voted through and on the £70 million cash injection from its future majority owner C.Banner.
PayPal Holdings Inc. announced on Monday that it has agreed to acquire Hyperwallet, a global payout platform, for $400 million in cash. The move hopes to bolster options at PayPal to compete with growing competition.
The John Lewis department store chain had a good seven days in the period to June 16 as its 5.7% growth came on the back of rising fashion sales and a particularly good time for own-brands and menswear.
Victoria Beckham has named another respected executive to her top team following the appointment of Ralph Toledano as chairman this year. Now Paolo Riva, ex-CEO at DVF, will join in the same role this September.
Debenhams is going nowhere fast at the moment as tough trading conditions mean its recovery plan isn't delivering the results it wants, except on digital. The answer? A focus on cost cuts and carrying on with that plan.
Lanvin has held initial talks with Haider Ackermann in recent weeks as its new Chinese owners search for a creative director. However, it remains unclear whether Fosun International will hire him, sources have said.