
It had all the makings of a headline-grabbing takeover, but Frasers Group buying Hugo Boss has turned out to be nothing more than pure speculation for now.
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It had all the makings of a headline-grabbing takeover, but Frasers Group buying Hugo Boss has turned out to be nothing more than pure speculation for now.
Frasers’ empire-building has come to a temporary halt with news the group has failed in its bid to buy Peacocks out of administration. And group head Mike Ashely has called on MPs to investigate the sale.
A rescue deal has been struck for the Peacocks chain that was part of the Edinburgh Woollen Mill empire. But only around 200 of what was once a 400-strong chain will reopen.
First launched in 2019, the fund awards $1 million annually in grants to support community organizations focused on increasing inclusion and diversity across communities and cities.
Fast-expanding retailer Next and its US partner Davidson Kempner are being widely touted as the frontrunners to buy failed Arcadia out of administration.
A deal has been struck to save the Edinburgh Woollen Mill and Ponden Home brands, with Purepay Retail, which is controlled by former owner Philip Day, buying them.
Some Edinburgh Woollen Mill stores could be saved with a report that the chain is about to be sold, although the potential buyer hasn’t been named.
M&S is reportedly close to a deal to buy Jaeger, which is part of Philip Day’s failed Edinburgh Woollen Mill Group. But while it’s believed to be taking on the brand and its stock, the stores aren’t part of the deal.
A Peacocks manager has made a bid for the failed company in a move that could save its 4,900 jobs and 470 stores and concessions following its November administration filing.
Three days into the week and now a third major chain has collapsed. On Wednesday, value womenswear business Bonmarché filed for administration again, with 1,500 jobs at risk.