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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Apr- 2020 -23 April
Gordon Brothers rescues Laura Ashley from administration
Embattled retailer Laura Ashley has been rescued from administration by global investment firm Gordon Brothers for an undisclosed sum. Gordon…
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22 April
Moss Bros buyer fights to pull £22.6m offer
The Brigadier Acquisition Company is reportedly seeking to retract its £22.6m offer to takeover Moss Bros. The Moss Bros board…
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21 April
Clothing and footwear market forecast to decline by £14bn
The UK clothing and footwear is anticipated to plummet in 2020, falling 26.1% versus 2019, a loss of around £14bn…
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21 April
Joules adds £15m to existing debt facility
British lifestyle brand Joules has announced it has successfully agreed to add £15m to an existing credit facility with Barclays…
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9 April
H&M signs new £859m credit facility to strengthen liquidity amid Covid-19
Swedish clothing retailer H&M has revealed it has signed a new €980m (£859m) revolving credit facility as it looks to…
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7 April
Clarks confirms ‘small number’ of permanent closures
Footwear retailer Clarks has confirmed it is to close a “small number of stores’ following a review of its store…
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3 April
Arcadia bosses to face 50% pay cuts as 14,500 staff furloughed
Philip Green’s Arcadia Group has announced it has placed 14,500 members of staff on government furlough and has revealed its…
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3 April
Primark execs take 50% pay cut
Primark bosses have revealed that they will slash their pay in half in light of the ongoing coronavirus crisis. George…
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1 April
Laura Ashley administrators axe 268 staff, 1669 furloughed
The joint administrators appointed to Laura Ashley revealed they have made 268 members of staff redundant and have furloughed a…
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Mar- 2020 -27 March
Jack Wills permanently closes another 17 stores
British fashion brand Jack Wills – which was rescued out of administration by Frasers Group plc in August 2019 –…
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