Perry Ellis International Inc is moving forward with its buyout deal with founder George Feldenkreis and is one step closer to closing the deal, despite a higher competing offer from Randa Accessories Leather Goods.
M&S shareholders shouldn't be too concerned about its financial results in the next two years as those numbers aren't that important to the clothing and food retailer's future, its new chairman told them on Tuesday.
The Original Factory’s CVA proposal has been approved by creditors this week, allowing the struggling UK retailer to shed around 10% of its store estate. The move puts an estimated 290 jobs at risk of redundancy.
The NYC-based brand has announced a collaborative window display to be unveiled in seven global stores to celebrate the launch of the first retro graffiti-inspired collection in a series of limited-edition capsules.
Men’s accessories maker Randa on Monday said it remained committed to buying Perry Ellis International Inc even after the apparel maker rejected the company’s higher offer in favor of its founder’s bid.
Anyone hoping for a trading update from M&S this week has had their hopes dashed with news that the under-pressure chain won’t be giving out the current-trading details that we’ve become accustomed to at its AGM.