Burberry’s falling share price puts it in the sights of deep-pocketed groups seeking likely takeover targets, an analyst said this week. See catwalkBurberry – Fall-Winter2024 – 2025 – Womenswear – Londres – ©Launchmetrics/spotlight Although the company’s shares closed slightly higher on Thursday, they’re down over 18% this year and almost 56% in the past 12 … Read more
After Inditex saw its investors demand greater transparency regarding the factories where it produces its garments, listed fashion companies are now also facing questions from impact investors. Their aim: to encourage companies to adopt processes that are more respectful of workers and the environment. Johanna Schmidt is an investment strategist at Triodos Investment Management, which … Read more
Just a day after news of Ted Baker closing a third of its UK stores, it has been reported that two serial acquirers of distressed businesses have expressed an interest in taking on the operation. Ted Baker And who are they? Step forward the usual suspects, Frasers Group and Next. A report in The Times … Read more
Revolution Beauty upgraded its guidance on Wednesday with the beauty group that has faced some major challenges in the past couple of years saying it has continued to deliver a strong operational performance. Revolution Beauty In a trading update for the year to the end of February, it said it has seen a year-on-year improvement … Read more
Shein could be on the verge of listing its shares in London rather than New York with reports suggesting that a move could happen as early as next week. Shein The talk is of a listing valuing it at around £71 billion, which would put it almost in the top five by market value of … Read more
Zalando had a big announcement on Wednesday, the fashion e-tail giant saying it has evolved its strategy to cover a “larger share of [the] fashion and lifestyle e-commerce market” with a “pan-European ecosystem for customers and partners”. Zalando We’re told the ecosystem “around Business-to-Consumer (B2C) and Business-to-Business (B2B) growth vectors will further deepen customer and partner … Read more
Matches has laid off almost half its staff — 273 people — as it trades through administration while a buyer is sought by insolvency specialist Teneo. The company had employed 533 people in its three London stores and at its HQ from where it sells to consumers in 170 countries. Matches Benji Dymant, joint administrator, … Read more
In news that might not come as too much of a surprise, it’s being reported that Farfetch founder and CEO José Neves is among more than one member of the leadership team stepping down in the wake of the firm’s takeover by South Korea’s Coupang. Farfetch The move hasn’t been officially announced but is being … Read more
By Bloomberg Published Jan 26, 2024 Boohoo Group Plc said it has stopped working with a UK supplier after allegations that staff at the warehouse were forced to work overtime. ASOS The move came out Friday after a BBC documentary entitled “Boohoo’s Broken Promises” accused the fast-fashion chain of putting undue pressure on garment suppliers. … Read more
Superdry announced its first-half results on Friday and as already flagged by the company, they weren’t great. The six months to 28 October saw what it called “challenging” conditions but “strong progress on cost and inventory reduction programmes”. Superdry Most of the figures were in negative territory and even the profit it made in H1 … Read more
