Categories Archives: Business

Busy London helps Landsec’s hot property portfolio perform

Landsec, the London-centric property giant, said Friday that the business continues to outperform, boosted by rising occupancy and positive rental uplifts in the capital. And of course, the continuing return of workers into its offices post-pandemic (up 18% over the past year) has helped boost retail demand too.  Bluewater Commenting on its results for the [...]read moreBusy London helps Landsec’s hot property portfolio perform

Chopova Lowena bags 2024 BFC/Vogue Designer Fashion Fund

Chopova Lowena is the winner of the 2024 BFC/Vogue Designer Fashion Fund. The coveted award comes with a cash prize of £150,000 to support business growth alongside bespoke high-level business mentoring and professional services. See catwalkChopova Lowena – Spring-Summer2024 – Womenswear – Royaume-Uni – Londres – © Launchmetrics Founded by Emma Chopova and Laura Lowena [...]read moreChopova Lowena bags 2024 BFC/Vogue Designer Fashion Fund

As CVA plan falters, The Body Shop will go to auction

The administrators of stricken beauty products chain The Body Shop are to auction the business after their hope for a CVA proved a non-starter. DR The company, which is one of the best known names on the UK high street, was a pioneer in the ethical beauty sector. But it’s now up for grabs after [...]read moreAs CVA plan falters, The Body Shop will go to auction

Three takeover bids on the table, but the situation remains unclear

What does the future hold for Naf Naf? In receivership since September 2023, the women’s ready-to-wear chain has received three takeover bids to acquire all or part of its assets, management told AFP on Thursday, describing this as “encouraging”. But there is still uncertainty, according to the unions involved. Naf Naf/Facebook The owner of Naf [...]read moreThree takeover bids on the table, but the situation remains unclear

Luxury giant Richemont revives CEO role, Q4 sales dip, but Alaïa booms

Richemont had a lot to share on Friday with the Swiss luxury giant both confirming the slowdown in the luxury sector (albeit with only a 1% sales dip in Q4) and announcing a new CEO for the group. See catwalkAlaia – Spring-Summer2024 – Womenswear – Paris – © ImaxTree So first, that CEO news. The [...]read moreLuxury giant Richemont revives CEO role, Q4 sales dip, but Alaïa booms

Under Armour’s shares sink after forecast misses estimates

By Bloomberg Published May 16, 2024 Under Armour Inc. stock tumbled in premarket trading after the sportswear maker gave a full-year outlook that fell short of Wall Street’s expectations.  Under Armour – Facebook: Under Armour The company is going through a transitional period as founder Kevin Plank, who stepped down from the CEO position in [...]read moreUnder Armour’s shares sink after forecast misses estimates

Is VF Corp ready to sell Supreme?

The American group, owner of Vans and The North Face among others bought the label for 2.1 billion dollars in 2020 and is carrying out a review of its assets in 2024. A sale is on the cards. Source link

London IPO for Shein would help repair damage from US defections

By Bloomberg Published May 16, 2024 A potential initial public offering from online fashion retailer Shein in London would claw back a chunk of the combined blow the market suffered from companies shifting their primary listings to New York.  After British personal computer-maker Raspberry Pi confirmed Wednesday that it was considering a UK share sale, [...]read moreLondon IPO for Shein would help repair damage from US defections

Hugo Boss inks major David Beckham design deal for Boss label

Hugo Boss had big news on Thursday with the German fashion giant striking up a design deal with one of fashion’s favourite (and enduring) celebrities, David Beckham. The multi-year deal with the ex-Manchester United star player is for its Boss brand and means both Beckham and his wife Victoria have now switched careers to enter [...]read moreHugo Boss inks major David Beckham design deal for Boss label

Canada Goose beats estimates on China strength; shares surge

By Bloomberg Published May 16, 2024 High-end coat maker Canada Goose Holdings Inc. reported higher-than-expected sales growth on strong retail results in China and the US. The shares jumped more than 12% in early trading in New York.  Canada Goose The Toronto-based company reported revenue of C$358 million ($263 million) for the fiscal fourth quarter [...]read moreCanada Goose beats estimates on China strength; shares surge