Newspapers suggest a pre-pack administration filing is an option for Debenhams while Mike Ashley continues to fight for a role at the company and an investment firm holding 5% of the shares has sold its stake.
Asos sales continue to rise in double-digit percentages in Q2, but also continued to rise at a slower rate than previously and that meant investor disappointment, with the firm’s shares falling 5% in early trading.
The Fashion Institute of Technology announced on Monday that it has entered into a partnership with the manufacturer and has plans to launch its own branded student-designed apparel and accessories lines.
New Look is continuing its exit strategy from its international operations after its bold plan to build a major global business fell short on the back of changing consumer habits and over-ambitious expansion.
The French premium clothing label, in collaboration with Artestar, is poised to launch a ready-to-wear and accessories collection celebrating the unique world and creativity of the artist, Keith Haring.