House of Fraser's lenders have thrown it a lifeline with a conditional financing deal that is dependent on its CVA being voted through and on the £70 million cash injection from its future majority owner C.Banner.
Aries, Nabil Nayal, and Teija are the trio of newcomers who will have a share of the £380,000 that is available in grants from this year's BFC Fashion Trust, as well tapping into a major mentoring programme.
As participant, Primark will embrace the three key principles of the initiative: business models that keep clothes in use; materials that are renewable and safe; and solutions that turn used clothes into new clothes.
Banks are increasingly wary of lending to the UK retail sector as shoppers continue to desert the high street in favour of lower cost online rivals, raising the prospect of further loan losses, banking sources said.
Major global brands Nike, H&M, Burberry and Gap have signed up to an initiative that aims to improve the industry's record on sustainability after a study found less than one percent of clothing is recycled.
American trade show organizer UBM has confided the development of its new event to Pierre-Nicolas Hurstel. Remode, a networking event for brands, with conferences, meetings and demonstrations, is slated for November.