The shock of the planned House of Fraser closures has been followed up by intense speculation with analysts debating the chances of the firm’s CVA being approved by its creditors, as well as HoF’s long-term prospects.
The Swiss watchmaker has announced the launch of its digital boutique. The service, designed to complement the brand’s in-store experience, will first be offered in the United States before being rolled out worldwide.
Patagonia's newest activation for its refurbished clothing and gear program, Worn Wear, offers free repairs of any brand of wetsuit to encourage reduced consumption of new products and reuse of functional goods.
The growing importance of ‘hard luxury’ was further illustrated on Thursday as Yoox-Net-A-Porter’s high-end menswear arm Mr Porter announced the launch of its new watches offer combining commerce with content.
House of Fraser has revealed its CVA and the worst fears of its staff and landlords have been realised as it has confirmed that it wants to close 31 stores, including its longstanding flagship on London's Oxford Street.
House of Fraser kept everybody who is following the story of its CVA plans on tenterhooks Wednesday with the expected update not materialising by close of business but rumours suggested over half its stores will close.
Alibaba Group Holding Ltd's logistics affiliate said on Wednesday that it would lead a joint venture to invest $1.53 billion in a new logistics centre at Hong Kong's airport to expand its global delivery network.