European Topsoho, owner of the SMCP group and a subsidiary of China's troubled Shandong Ruyi group, seems unable to repay its bond debt maturing on Tuesday, and its creditors might acquire a stake in the company.
Space NK is upsizing in Leeds. The premium beauty retailer will be relocating from its current location in Victoria Quarter to a Landsec-owned property on Trinity, the retail and leisure destination in the city centre.
It’s become something of a 2020 tradition for retailers to coincide new store openings with post-lockdown reopenings and on Wednesday, as England’s stores welcomed shoppers back, there were three fashion-linked debuts.
Asos announced on Thursday that its Marketplace operation is removing commission rates until year-end “to support all its sellers – both existing and new – through the second coronavirus lockdown and peak trading”.