Fashion news

• Leicester goes into local lockdown

  30-06-2020 09:16
  
  Leicester has become the first city in the UK to be put under further lockdown restrictions amid a rise in COVID-19 cases in the region.
  
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• Competition watchdog ousts chairman

  30-06-2020 09:06
  
  The chairman of the UK’s competition watchdog has reportedly been forced to step down three after a row with the organisation’s chief executive.
  
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• Lululemon to acquire home fitness startup

  30-06-2020 08:55
  
  Canadian activewear giant Lululemon has announced plans to acquire home exercise startup Mirror for $500m (£406m).
  
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• Seafolly falls into administration

  30-06-2020 08:42
  
  Australian swimwear brand Seafolly has reportedly fallen into administration, citing the pandemic as a key reason for its collapse.
  
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• New Look warns landlords of pre-pack

  30-06-2020 08:37
  
  New Look is warning landlords that it might have to launch a pre-pack administration if they continue to block the retailer’s attempts to negotiate turnover-based rents.
  
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• Could M&S or Next restore Victoria's Secret to its former glory?

  29-06-2020 17:29
  
  Two high street giants, Next and M&S, are reportedly competing to buy the UK franchise of Victoria’s Secret. Drapers assesses the lingerie retailer’s chances of success. 
  
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• Sales slump at H&M Group

  29-06-2020 09:00
  
  Net sales at Swedish giant the H&M Group dropped by 23% to SEK83.61bn (£7.07 bn) in the six months to 31 May as coronavirus had a “significant” impact on the business.
  
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• The Monday Briefing: Victoria's Secret, TM Lewin, The Hut Group

  29-06-2020 08:53
  
  What you need to know from this weekend’s news.
  
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• A new approach to restructuring

  26-06-2020 18:18
  
  A new wave of restructurings and acquisitions is hitting the fashion retail sector as the coronavirus support schemes are coming to an end and stores are reopening. Experts tell Drapers that retailers will need to take a holistic approach to survive, aided by a new government bill.
  
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• Intu: what happens next?

  26-06-2020 18:08
  
  What is the outlook for Intu’s 17 UK shopping centres, after the landlord collapsed into administration earlier today? 
  
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• Yeezy teams up with Gap

  26-06-2020 15:47
  
  Kanye West’s Yeezy label has struck a deal with Gap to launch a collaborative apparel collection through the retailer’s stores and online in the first half of next year.
  
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• Intu falls into administration

  26-06-2020 15:41
  
  UK shopping centre owner Intu has collapsed into administration after negotiations with its lenders failed ahead of today’s debt covenant deadlines. 
  
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• Oliver Bonas secures £3.5m coronavirus funding

  26-06-2020 12:59
  
  Lifestyle retailer Oliver Bonas has secured £3.5m in additional funding via the Coronavirus Business Interruption Loan Scheme (CBILS), to aid its transition from lockdown. 
  
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• Nike swings to quarterly loss

  26-06-2020 11:50
  
  Sports giant Nike has swung to a quarterly loss of $790m (£637m) for the three months to 31 May, hit by global coronavirus store closures. 
  
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• New finance boss for Sosandar

  26-06-2020 09:08
  
  Womenswear etailer Sosandar has appointed Regatta Group’s Stephen Dilks as its new finance director. 
  
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• Boohoo launches £150m reward scheme

  26-06-2020 08:45
  
  Boohoo Group is to introduce a new £150m management incentive plan for the next three years. 
  
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• Intu 'likely' to appoint administrator

  26-06-2020 08:39
  
  UK shopping centre owner Intu Properties has said it is “likely” to appoint administrators after negotiations with its lenders stalled ahead of debt covenant deadlines. 
  
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• Matalan appoints new chairman

  25-06-2020 18:48
  
  Matalan has appointed former Dreams chairman Steve Johnson as its new chairman. 
  
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• June retail rent payments decimated

  25-06-2020 17:20
  
  UK retailers paid just 13.8% of their rent at yesterday’s quarterly payment date, as they continue to wrestle with their property portfolio costs in light of the coronavirus crisis. 
  
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• Nobody's Child hires new managing director

  25-06-2020 15:16
  
  Former New Look product merchandising director Jody Plows has joined Nobody’s Child as managing director. 
  
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• Pure, Scoop and Jacket Required cancelled

  25-06-2020 14:35
  
  UK trade show organiser Hyve Group has cancelled the Spring Summer 21 editions of Pure London, Pure Origin, Scoop and Jacket Required, and will instead run a virtual forum in September. 
  
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• Is UK manufacturing under threat from coronavirus?

  25-06-2020 13:51
  
  British brands Mulberry and Laura Ashley are shutting their UK factory operations due to coronavirus. Drapers explores whether more of the nation’s manufacturers are at risk. 
  
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• Coronavirus casts shadow over UK manufacturing

  25-06-2020 13:51
  
  British brands Mulberry and Laura Ashley are shutting their UK factory operations because of coronavirus. Drapers explores whether more of the nation’s manufacturers are at risk. 
  
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• Very Group axes 141 roles in restructuring

  25-06-2020 09:21
  
  The Very Group plans to make 141 roles across it head office and customer care teams redundant, and create 100 new jobs in its technology division.
  
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• Very Group axes 141 roles in restructure

  25-06-2020 09:21
  
  The Very Group plans to make 141 roles across it head office and customer care teams redundant, and create 100 new jobs in its technology division.
  
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• Social distancing relaxation splits unions and industry

  25-06-2020 08:59
  
  The government’s decision to revise social-distancing measures in England from 4 July has met with a mixed reaction, amid concerns about the safety of shop staff. 
  
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• N Brown profits fall as Covid-19 casts 'lasting shadow'

  25-06-2020 08:52
  
  N Brown Group has reported a decline in revenue and pre-tax profit following a year of “restructuring” in which it streamlined its brand portfolio and grew its digital revenues.
  
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• Zadig & Voltaire reviews UK store estate

  24-06-2020 16:41
  
  French brand Zadig & Voltaire is reportedly in talks with advisory firm RSM Restructuring Advisory about the future of its UK store portfolio.
  
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• John Lewis appoints executive director

  24-06-2020 16:38
  
  Co-op Group deputy chief executive Pippa Wicks has been named as the new executive director of John Lewis. 
  
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• Paris Fashion Week to return in September

  24-06-2020 14:59
  
  French fashion’s governing body, the Fédération de la Haute Couture et de la Mode (FHCM), has confirmed that physical shows will resume from 28 September to 6 October.
  
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• Patagonia pulls Facebook advertising

  24-06-2020 08:50
  
  Outerwear brand Patagonia is to axe all advertising on Facebook and Instagram amid concerns over the platforms’ owner’s influence on issues ranging from the coronavirus pandemic to racial justice.
  
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• Sole Fashion trade show postponed

  24-06-2020 08:41
  
  The August edition of Coventry footwear trade show Sole Fashion has been postponed due to coronavirus. 
  
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• Sole Fashion trade show cancelled

  24-06-2020 08:41
  
  The August edition of Coventry footwear trade show Sole Fashion has been cancelled due to coronavirus. 
  
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• High street powers must be handed to councils, says Bill Grimsey

  24-06-2020 08:39
  
  Retail veteran Bill Grimsey has said in a new report that town centres will need a radical shift in power from central government to local communities if they are to remain relevant and thrive. 
  
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• JD Sports buys Go Outdoors through pre-pack

  23-06-2020 18:47
  
  JD Sports Fashion has reacquired its Go Outdoors brand via a pre-pack administration.
  
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• Mulberry to stop production at UK factory

  23-06-2020 18:26
  
  British luxury brand Mulberry is ceasing production at one of its Somerset factories, resulting in around 137 redundancies, Drapers can reveal. 
  
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• Missguided delays US office opening

  23-06-2020 17:21
  
  Fast fashion etailer Missguided has delayed the opening of its first US head office and showroom in Los Angeles, Drapers can reveal. 
  
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• Amazon launches start-up accelerator

  23-06-2020 15:40
  
  Amazon has launched an accelerator programme for start-ups and small businesses in the UK to help build their online operations. 
  
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• Government revises social distancing measures

  23-06-2020 13:59
  
  Prime minister Boris Johnson has announced the two metre social distancing rule will be relaxed in England from 4 July. 
  
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• Laura Ashley CEO made redundant

  23-06-2020 13:42
  
  Laura Ashley chief executive Katharine Poulter was among staff made redundant last week, after global investment firm Gordon Brothers bought parts of the business out of administration in April. 
  
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• Laura Ashley CEO among redundancies

  23-06-2020 13:42
  
  Laura Ashley chief executive Katharine Poulter was among staff made redundant last week, after global investment firm Gordon Brothers bought parts of the business out of administration in April. 
  
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• 'Handful' of Monsoon stores to reopen

  23-06-2020 11:45
  
  Monsoon Accessorize founder Peter Simon has said of the 100 stores he plans to reopen, fewer than 10 will be Monsoon shops. 
  
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• Intu braced for administration

  23-06-2020 09:19
  
  Shopping centre owner Intu has appointed KPMG as a “contingency plan” for administration. 
  
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• Shoe Zone losses mount

  23-06-2020 09:07
  
  Footwear retailer Shoe Zone has reported a statutory loss before tax of £2.5m for the six months to 4 April 2020, compared to a loss of £1m for the same period in 2019.
  
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• Naf Naf bought by supplier

  23-06-2020 08:35
  
  French Connection-owned French fashion brand Naf Naf has reportedly been bought by Turkish supplier SY International, which it has worked with for over 30 years.
  
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• London stores struggling after lockdown lift

  22-06-2020 17:48
  
  Retailers in England have witnessed a soft retail rebound since the coronavirus lockdown was lifted last week, but consumers are still hesitant to venture into “deserted” central London.
  
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• Who discounted the most online as stores reopened?

  22-06-2020 17:09
  
  French Connection and Coast are among the retailers that discounted the most stock online as retail stores reopened for the first weekend after lockdown restrictions were eased. 
  
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• High street eviction ban extended

  22-06-2020 14:56
  
  The government has extended its ban on landlords from evicting tenants and issued a code of practice for rental agreements, amid the ongoing coronavirus crisis. 
  
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• UK footfall up 45% as retail reopens

  22-06-2020 14:04
  
  UK footfall was up 45% last week when compared with the previous seven days, buoyed by the reopening of non-essential retail across England. 
  
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• Hunter creative director steps down

  22-06-2020 14:00
  
  Hunter creative director Alasdhair Willis is standing down from his role on 31 July.
  
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