The owner of three key UK womenswear brands — Hobbs, Whistles and Phase Eight — has clinched a £90 million refinancing package to help it grow further. Hobbs TFG London’s new deal replaces a previous £60 million debt facility and was provided by a number of UK banks. It runs for a three-year term but … 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
Ah, the great British high street. Over the years—especially the past, say, five to ten years—there’s no denying that the high street has faced some turbulent times. The rise of online shopping already seemed like an insurmountable challenge to overcome without the onset of a deadly virus that caused an unprecedented shutdown of physical shops and … Read more
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