Clothing & Shoes
The latest news, updates and analysis on the clothing and shoes segment of the the UK retail industry. Sign up to the Daily Briefing and let Retail Sector’s business journalists keep you in the picture.
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Jun- 2021 -4 June
Global Fashion Group becomes carbon neutral
Global Fashion Group (GFG) has announced that it has become carbon neutral across its operations and outbound deliveries. The retail group, which operates brands such as H&M, Bershka and Missguided, uses 100% green energy across its nine fulfillment centres in Latin America, the CIS, Southeast Asia, Australia and New Zealand.…
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4 June
Fashion and lifestyle sales almost double in May
Lifestyle and fashion retailers recorded strong performances through the first full month of post-lockdown activity with sustained online sales helping to bolster overall growth, according to BDO’s latest High Street Sales Tracker (HSST). BDO revealed that the lifestyle category saw total like-for-like sales reach their highest result on record, as…
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3 June
JD Sports to sell Sports Unlimited Retail for £14m
JD Sports is set to offload one of its subsidiaries for €16.5m (£14.2m), after agreeing to the sale of Sports Unlimited Retail BV (SUR) to Iberian Sports Retail Group SL (ISRG), its 50.02% subsidiary based in Spain. SUR is a wholly owned company based in the Netherlands, operating under the…
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2 June
Lands’ End celebrates Pride month with rainbow capsule collection
Lands’ End has announced its latest support towards the LGBTQ+ community with its first rainbow capsule collection in celebration of Pride Month. The collection will include a colourful array of summer essentials, including tops, bottoms and dresses. The company has continued to work towards fostering a more diverse and inclusive…
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2 June
Etsy to acquire Depop for over $1.6bn
Etsy, the two-sided online marketplace operator, has announced its acquisition of the community-led fashion resale marketplace Depop for $1.625bn (£1.15bn). The deal, which is expected to be completed in Q3 FY21, will see Depop continue to be headquartered in London and run by its existing leadership team as a standalone…
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2 June
Moncler appoints new chief brand officer
Moncler has announced that Gino Fisanotti has been appointed to the newly created position of chief brand officer, with effect from 7 June 2021. Fisanotti will report directly to Remo Ruffini, chairman and CEO of the group, and will also join the strategic committee as strategic director while Roberto Eggs…
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May- 2021 -28 May
JD Group chairman banks £6m in bonuses despite 75% pay cut
The executive chairman of JD Group, Peter Cowgill, was reportedly handed nearly £6m in “special bonuses” over the course of 18 months despite the company accepting more than £100m in government support. During the course of the pandemic, the group received £86.1m in furlough payments for staff and roughly £38m…
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27 May
Frasers Group ends Hugo Boss rumours
Mike Ashley’s Frasers Group has denied rumours that it plans to launch a takeover bid for luxury fashion house Hugo Boss. The claim was first reported in the Telegraph on Friday 21 May, resulting in a 7% jump in shares at the premium fashion brand. However, in a London Stock…
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26 May
Ralph and Russo takeover on the rocks
The sale of womenswear brand Ralph and Russo is reportedly in doubt as businesses are unable to commit due to the impacts of Covid-19 on the sector. The company fell into administration in March following the resignation of Tamara Ralph, co-founder and creative director, after a “dispute” with fellow co-founder…
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24 May
Seraphine owner eyes London IPO
The new owner of the maternity wear brand Seraphine is reportedly eyeing plans to deliver it to the London stock market, according to Sky News. Mayfair Equity Partners, which purchased the label last December, is close to hiring bankers to explore the potential IPO, according to reports. According to Sky,…
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