In The Style: Fast-fashion brand saved after administration collapse March 19, 2025 In The Style has been sold after collapsing into administration in a move which put hundreds of jobs at risk of being lost. FTS Recovery had been appointed to oversee the administration process at the Manchester-based company before a deal with Alps Sourcing Limited was agreed. It has now been confirmed that 87 jobs in [...]
Select Fashion on verge of collapse as it shuts UK stores – reports March 15, 2025 Retailer Select Fashion is reportedly on the verge of collapse as the struggling chain nears the closure of 35 shops across the UK. The group has drafted in advisers to oversee a process of liquidation, according to documents seen by the Sun. It comes as it is believed the chain will have shut 35 shops [...]
Stella McCartney: Fashion brand suffers sales slump amid huge loss March 11, 2025 Sales at Stella McCartney’s fashion brand were slashed almost in half as its losses widened by £15m in the year before the designer bought out LVMH, it has been revealed. Accounts filed almost six months after the Companies House deadline show Stella McCartney Ltd’s turnover was slashed from £40m to £21.9m in 2023. The accounts [...]
Turnbull & Asser: The King’s tailor who hasn’t made a profit since 2015 February 24, 2025 High-end fashion retailer Turnbull & Asser, whose customers including Kind Charles III, has now been in the red for almost a decade, it has been revealed. The London-headquartered retailer, which has also supplied clothes for James Bond films, has racked up another pre-tax loss to extend its run without a profit to nine years. Turnbull [...]
New Look closes all stores in the Republic of Ireland February 21, 2025 High street fashion giant New Look will fully exit the Republic of Ireland, putting all of its workers in the country at risk of redundancy. The retailer’s Irish arm, which employs about 347 people, has entered into redundancy following years of losses at the high street chain. The privately-owned company said it has had to [...]
Retail stocks: Luxury pulls ahead while fast-fashion brands Asos and Primark lag February 20, 2025 Luxury stocks have started to outperform high streets brands once again as investors bet on a luxury upswing. Brands which struggled last year – like Burberry and Kering – are bouncing back, while brick-and-mortar reliant firms like Primark are struggling. The ten largest luxury retailers by market cap have seen their stock price rise by [...]
Burberry set to re-enter the FTSE 100 in March reshuffle February 20, 2025 Burberry looks set to re-enter the FTSE 100 in March after its shares doubled since their lows in September. The luxury brand fell out of the FTSE 100 in its September quarterly reshuffle last year after its share price dropped nearly 75 per cent in 16 months. However, glimmers of hope for a luxury rebound, [...]
Who watches the Watches? February 19, 2025 As a newly minted Picture Editor and thus part of the management team of a then-popular left-wing national newspaper, I sat in on a discussion about why the poor ate so badly. Having only recently landed the job and as keen as mustard – and oh so naive – my feet were still planted firmly [...]
Club L London almost triples in size as it targets international expansion February 18, 2025 Fashion retailer Club L London is targeting international expansion after almost tripling its sales and headcount over a two-year period. The Manchester-headquartered company achieved a turnover of £44.4m for the 14 months to 31 March, 2024, newly-filed accounts with Companies House have revealed. The latest sales figure comes after Club L London’s turnover stood at [...]
Hermès share rise as handbag-maker retains luxury crown February 14, 2025 Shares in the luxury handbag retailer Hermès rose this morning as the family-owned firm reported yet another bumper set of results. Revenue reached €15.2bn (£12.66bn) in 2024, up 15 per cent year on year, Hermès told markets this morning. The share price of the Euronext-listed company rose 2.5 per cent in early trades, meaning the [...]