The pandemic hit Bangladeshi clothing suppliers and the country’s overall economy hard when British fashion retailers had to shut down, a report from The Times said. The garment sector is the largest part of the country’s economy, representing over 95 percent of it, the report...
In today’s top retail news, Bed Bath & Beyond Inc. has entered into a definitive deal to sell Cost Plus World Market to Kingswood Capital Management, while Authentic Brands is reportedly in discussions with Arcadia Group and Debenhams. Plus, there are two weeks up to Christmas, and...
Authentic Brands is said to be in talks with Debenhams and Arcadia Group administrators, with unnamed sources claiming that the retail company is mulling a bid for the Sir Philip Green retail empire and the retailer, Retail Gazette reported. Events that unfold at Arcadia Group will...
In today’s top retail news, Retail Ecommerce Ventures (REV) indicated that the migration to eCommerce and trends such as “quest for comfort at home” were behind formidable sales at Pier 1 Imports and Dressbarn on Cyber Monday/Black Friday, while Frasers Group said it is in discussions to...
November 29, 2022
U.K. fashion retailer Boohoo has doubled its stake in cosmetics brand Revolution Beauty. Boohoo announced the move in a Monday (Nov. 28) news release, saying it had increased its stake in Revolution from 12.8% to 26.4% due to its “belief in its growth potential.” The two British companies had an existing relationship, with Revolution selling […]
December 14, 2020
Authentic Brands is said to be in talks with Debenhams and Arcadia Group administrators, with unnamed sources claiming that the retail company is mulling a bid for the Sir Philip...
December 07, 2020
In a potential rescue arrangement that could grow its reach on the U.K. high street, Frasers Group said it is in talks to purchase the Debenhams department store company from administrators, The...
March 16, 2020
Troubled British department store chain Debenhams is asking for relief from landlords for five months of rent as it anticipates trouble from the ongoing coronavirus scare, according to a report...
