OTB, the holding company of Italian fashion billionaire Renzo Rosso, quadrupled its Earnings Before Interest and Tax (EBIT) to €21.5 million in 2017. Though total group revenue slid 2.4 percent over the same 12 months.
A group of politicians and union leaders have asked Shop Direct to reconsider its plans to relocate its fulfilment sites in Greater Manchester, after it announced that the move would result in almost 1,800 job losses.
The store has been designed to pay homage to legendary music stars such as Heaven 17, The Human League, Joe Cocker and Def Leppard. The revamp follows a £60 million refurbishment of the shopping centre.
The fashion retailer selling cult menswear brands has been named as one of the fastest-growing companies in the UK after seeing profits soar by 139%. It is planning to open a flagship store in London’s Soho this year.
The London Designer Outlet has announced its 18th consecutive quarter of sales growth, shrugging off the jitters in the retail industry as high street retailers continued to struggle with footfall over Easter.