Premium online fashion platform Cudoni has secured £4.6 million backing from key international investors, claiming the amount is the largest ever raised for investment within a UK fashion resale business.
J.C. Penney's talks with landlords for a rescue from bankruptcy proceedings reached an impasse, pushing the department store to the brink of collapse unless it can reach a deal within days to be taken over by lenders.
The NYC-based jewellery brand has released exterior renderings of the renovations taking place at its emblematic Fifth Avenue flagship, revealing the addition of a glass exhibition and event space to its upper floors.
Venerable US retailer Lord & Taylor filed for Chapter 11 bankruptcy on Sunday, becoming the latest in a growing list of storied names to do so amid the ongoing coronavirus outbreak that has crippled the retail sector.
Closed since March 17 due to the Covid-19 pandemic, the department store’s iconic New York flagship is reopening on Wednesday, June 24, with a number of new safety measures intended to ensure the health of customers.