It was a close call but Jones Bootmaker appears to have been saved with 72 of its stores and 840 jobs preserved, a strong result given that administration and a fire sale appeared to beckon just a couple of days ago.
UK retail sales in the quarter to February saw their biggest slide in nearly seven years as fuel costs cut shoppers' disposable income, official data showed Thursday. But the February figures were surprisingly strong.
So just how bad were Next’s full-year results? Well, they were not great and the outlook was discouraging with the firm talking about a “sectorial shift” as consumers move their spend away from the fashion sector.
Calvin Klein and Tommy Hilfiger posted strong international business growth, led by the European segment. PVH fourth quarter and full year net earnings both exceeded expectations despite weaker US performance.
L’Oreal is targeting direct lenders to provide up to €650 million of leveraged loans to back a potential sale of The Body Shop, in a bid to encourage buyers to submit an offer for the business, banking sources said.