Debenhams said this week that it could dispose of certain assets as it seeks to conserve cash and focus more intensely on fixing its core UK business, with analysts saying profitable Magasin du Nord could be sold.
House of Fraser's lenders have thrown it a lifeline with a conditional financing deal that is dependent on its CVA being voted through and on the £70 million cash injection from its future majority owner C.Banner.
PayPal Holdings Inc. announced on Monday that it has agreed to acquire Hyperwallet, a global payout platform, for $400 million in cash. The move hopes to bolster options at PayPal to compete with growing competition.
At the first show on the official calendar of Paris Fashion Week Men's, designers Emma Hedlund and Saif Bakir took their contemporary streetwear to Paris' École Nationale des Sciences de l'Informatique.
The John Lewis department store chain had a good seven days in the period to June 16 as its 5.7% growth came on the back of rising fashion sales and a particularly good time for own-brands and menswear.
Debenhams is going nowhere fast at the moment as tough trading conditions mean its recovery plan isn't delivering the results it wants, except on digital. The answer? A focus on cost cuts and carrying on with that plan.
The spread of online shopping in Japan is dragging down consumer inflation, the central bank said, highlighting the “Amazon effect” on prices and the challenges policy makers face in reigniting Japan's stagnant economy.
A new Beach category will show this August at Swim Collective in Anaheim, CA, aiming to offer a curated assortment of apparel and accessories designed to round out buyers' purchases at the swimwear trade show.