The embattled UK retail industry was dealt another blow on Friday after news emerged that Arcadia is considering a restructuring process which could result in significant store closures and job losses.
After slumping for three successive quarters, the owner of the Dessus-Dessous site and of lingerie label Felina regained momentum in Q4, though its overall sales decreased 3.6% in 2018, down to €77.2 million.
Primark is moving hundreds of UK-based roles to its headquarters in Dublin in September this year in a move that will affect 220 jobs across the company’s buying, merchandising, design, quality and sourcing teams.
One brand quietly winning a legion of fans since coming to show in Paris two years ago is Silvia Tcherassi. A highly sophisticated Colombian, Tcherassi was previously named Chevalier des Arts et des Lettres.
Following Barrington Capital’s suggestion on Tuesday that L Brands separate its Victoria's Secret and Bath & Body Works brands, the retailer has issued a statement detailing its efforts to improve its performance.
The former Guess CEO has been named non-executive director and chairman of the sustainability committee of Global Fashion Group, the portfolio of fashion e-commerce platforms including The Iconic, Zalora and Dafiti.
The 160,100 sq ft store will be almost four times the size of the retailer’s existing store in Birmingham, and feature a beauty studio for nails, make-up, hair and lashes, a barber shop and three dining experiences.