Debenhams may be preparing to go out of business, but Mike Ashley – who has coveted the department stores chain for years – still sees a chance he could win it and has made a last-minute approach to its advisers.
Frasers Group is continuing its deep dive into the luxury sector. On Thursday it announced that it has increased its already-large stake in leather goods company Mulberry and could make an offer for the brand.
John Lewis has won the planning permission it wanted to allow it to convert almost half of its Oxford Street, London, flagship store into office space as part of its new strategy to return to sustainable profits.
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.