The high-end lingerie brand will shutter its retail stores in Australia after financial woes saw it offloaded by private equity firm 3i in March, and purchased by Four (Holdings) Limited for 31 million pounds.
There is confusion surrounding Jaeger as the week starts with its owner selling the brand's debt and a pre-pack administration deal said to be imminent. That would guarantee its future but most stores could close.
UK consumer confidence continued in negative territory in March with GfK’s monthly survey sticking at a reading of minus six. But analysts said it's too early to tell whether that negativity will mean lower spending.
Tory Burch has become the latest big international name to endorse London’s Regent Street as the key London shopping street for flagship stores with a two-storey location close to Coach, J Crew and Michael Kors.
The woman who launched one of Britain’s best known fashion chains has been declared bankrupt after being unable to pay a £6m tax bill. Karen Millen is also alleging fraud by the firm that bought the company she founded.
Inditex-owned Bershka has launched its first make-up collection, featuring over 100 products from makeup to skincare, and raising the question if the group’s Zara is next in line for its own beauty range?
John Lewis, Britain's largest department store operator, is hopeful any downturn in consumer spending translate into a "flight to quality" rather than consumers opting to trade down, its new boss said on Thursday.
India's reaction to an Amazon.com website selling doormats resembling the country's flag involved an unprecedented public and private offensive against the U.S. company by Prime Minister Narendra Modi's government.