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.
Zalando is the latest fashion e-tailer to broaden its luxury offer with the German company adding new high-end brands, such as Roksanda and Marchesa, and expanding its Victoria Beckham and Moschino assortment.
Frasers was hurt by lockdowns at the end of its latest financial year but said its results had been on target prior to this. And the company's elevation strategy is continuing with a new focus on web elevation too.
UK shopping centre operator Hammerson announced moves to raise a combined £825m on Thursday and said it would reboot the terms of its leases with retailers as it faced a slump in rent collections and footfall.
At a time when the health crisis has caused cities like London, Paris, Milan and New York to cancel their Fashion Weeks or hold them online, news has come of plans to launch a first-ever Fashion Week in Frankfurt.
While stores in Bracknell, Brent Cross, Canterbury, Colchester, Kingston, Newcastle, Tunbridge Wells and York will reopen all departments, shopping at the Bond Street flagship will look very different post-lockdown.