UK shares were lower on Monday as online fashion store Asos' profit warning dragged retailers lower, reinforcing woes about slow sales during the busy holiday season amid continued caution about Brexit.
Laura Ashley is set to reduce its UK store count from 160 to 120 stores as it eyes growth opportunities in Asia, the new chairman of Malayan United Industries (MUI) revealed on Monday.
The hosiery brand has said that despite challenging weather impacting the European fashion market in the first half of the year, it expects the Christmas quarter to help it boost its full year operating profits.
Ferragamo's former CFO, Ugo Giorcelli, has been appointed general staff manager of Benetton group, replacing Sandro Saccardi, who will take on a new position with Benetton’s holding company Edizione.
Patricia Barbizet, the VP of the French luxury giant’s board of directors has resigned. Heloïse Temple-Boyer, deputy GM of Artemis, has replaced her on Kering’s board.
EU antitrust regulators fined U.S clothing company Guess €40 million ($45.3 million) on Monday for illegally blocking cross-border sales in Europe, part of a crackdown on illegal practices blocking e-commerce in the EU.
House of Fraser is working on a rebrand that will aim to reposition the business as ‘the Harrods of the high street’ with independent ad agency Who Wot Why.
Turnaround specialists Begbies Traynor said the chain’s remaining 31 locations will continue to trade as usual while discussions are being held about the future of the brand.
Jennifer Lopez has her sights set on the skincare industry. The move is, in many ways, the next logical step for J-Lo, who is famous for her youthful glow.
Kendall Jenner was recently unveiled as the best-paid model of 2018 by Forbes, following another stellar 12 months in the fashion spotlight that netted her a cool $22.5 million.
