JD.com-backed fashion e-commerce startup Pomelo plans to boost revenue by offering its own technology in analytics and demand forecasting to other fashion brands in the region, amid slowing offline sales.
The Temperley London label has faced some tough times in recent periods but following a major strategy review, it’s focusing on the future and has linked up with e-commerce platform Global-e as of Tuesday.
Shaftesbury (and its properties in the West End) are on on the road to recovery, albeit gradually. It owns 16-acres of prime space in London and said it’s “well-placed to return to sustainable long-term growth”.
Ted Baker has signed an extension to its revolving credit facility with its existing lending syndicate. Pinning down long-term funding has been a key focus of fashion retailers after the devastation caused by Covid.
It’s a subject close to the heart of many physical retailers: the scrapping of the business rates system. Latest to join the call for change is John Lewis chair Sharon White, who wants it replaced it with a new land tax.
It's only a few months since the founder of maternitywear specialist Seraphine sold the label to Mayfair Equity Partners for £50. But the new owners are confident enough to be considering a share listing in London.
Is the UK's Frasers Group about to make a bid for Hugo Boss? Some investors in the latter seem to think so as its shares jumped on Friday on speculation that shareholder Frasers has ambitions to take control.
The American footwear retailer reported total first-quarter sales of $2.15 billion on Friday, an increase of 83.1% from Q1 2020, and also announced that it will close the majority of its Footaction stores.