The sportswear retailer reported sales and earnings for the fourth quarter which topped analysts’ estimates on Friday, and announced that it has begun the search for a replacement for CEO Jeff Rosenthal.
Another week, another likely UK fashion brand going under. Liam Gallagher's label Pretty Green is expected to appoint administrators in the week starting March 25 as the weak retail environment claims its latest victim.
Debenhams is seeking a £200m funding lifeline from existing lenders which would allow it to launch a drastic refinancing plan. Mike Ashley responded with an offer to buy its Danish business for £100m in cash.
Tensions at the top of EssilorLuxottica burst into the open on Thursday when the group’s Italian executive chairman and its French vice chairman accused each other of plotting to take control of the combined group.