Thursday, November 23, 2017
Sidney Toledano

Dior boss Sidney Toledano promoted to LVMH fashion CEO

Christian Dior’s veteran chief executive Sidney Toledano will replace Pierre-Yves Roussel as head of the LVMH fashion group, amid a major senior reshuffle. 

Hugo Boss to open in Southampton’s Westquay

Hugo Boss is primed to open its first store in Southampton in a “fantastic result” for the Westquay shopping centre as it continues to attract luxury retailers.
Basler saved

TriStyle saves Basler from collapse, but stores closures to go ahead

TriStyle Group has acquired Basler, but the future of retail staff remains uncertain as it confirmed the closure of its stores.

100 jobs axed amid Pentland restructure

100 jobs are set to be axed at Speedo, Berghaus and Boxfresh owner Pentland Brands amid a group restructure, according to Drapers.
David Beckham

David Beckham-backed Kent & Curwen opens Covent Garden flagship

A heritage fashion brand in which David Beckham owns a major stake has opened a brand new flagship store in Covent Garden, London.

Gap’s UK losses worsen

Gap’s UK losses have become worse amid falling sales and the closure of its local Banana Republic stores.

Zalando revenues jump 28% despite weak October

German ecommerce fashion retailer Zalando has posted a 28.7 per cent rise in revenues for its third quarter despite a “weaker than expected October”.
Foschini Group

Hobbs acquired by Whistles owner The Foschini Group

British fashion retailer Hobbs has been acquired by South African retailer The Foschini Group (TFG) for an undisclosed sum.
Primark update

Primark revenues surge 19%

Primark has bucked the rising trend of British retailers being adversely impacted by the economic downturn since the Brexit vote, as its records an uptick in full-year revenues and profit.
New Look update

New Look latest to fall victim to tough high street conditions

New Look's finances have taken a sudden turn, with the fashion retailer swinging to a half-year loss in its half-year report.

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