Giant fashion group Arcadia is believed to be on the verge of the worst UK corporate collapse of the Covid crisis, with the firm expected to go into administration as early as Monday. This would put 13,000 jobs at risk.
Crisis-hit Moss Bros has launched a CVA proposal as it works towards restructuring its fixed cost base on the back of the Covid crisis and a second wave of lockdowns that have “severely impacted” its trading.
Remarkably, on the day the second lockdown in Paris ends, November 28, and clothing stores can open, Canada’s Nobis will debut a brand new store there. Its founder Robin Yates explains how it has defied the downturn.
Following their store debut on Carnaby Street, the Rolling Stones have unveiled a global e-commerce shop equipped with a 360° virtual experience “so customers can shop inside the store from anywhere in the world”.
More and more retailers and brands are seeking ways to boost their sales in this difficult year and beyond and brand link-ups are a way forward. The latest is between male make-up brand War Paint For Men and Reiss.
Faced with consumers who are increasingly demanding in terms of brand values, luxury labels are undergoing a sea change, extending their vision beyond products. Gucci more than others, through its unique initiatives.
Abercrombie & Fitch is to close a selection of major flagship stores, including London, Paris and Munich, it announced with its latest set of results on Tuesday. The stores have been a major drag on its performance.