Wolford's latest results showed it remains loss-making. But it expects to be profitable in the 2020/21 financial year and should be helped by its Chinese ops as well as launches such as its planned athleisure debut.
Tom Tailor has had to delay reporting its final results as its financing talks and its Bonita divestment are dragging on. But it has launched an independent business review and released preliminary results this week.
As it seeks to up its game in the fast-growing Chinese luxury market, it has been revealed that the New York-based womenswear brand has been acquired by Shenzhen-based private equity fund Green Harbor.
Parisian label Sonia Rykiel has filed for receivership and is looking for a new owner, FashionNetwork.com learned on Tuesday. The announcement comes after several years of declining sales at the label.
Sports Direct’s attempt to take over budget fashion and general merchandise retailer Findel appeared to be dead on Thursday with the takeover target saying the offer had failed to secure sufficient acceptances.