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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Dec- 2022 -1 December
Primark invests €100m into Spanish expansion
Primark has announced an investment of €100m (£86m) in the Spanish market including opening eight new stores and creating 1,000 jobs. The company will spend €80m (£69m) on opening the eight new stores and extending one existing store over the next two years. There are also plans to spend €20m…
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Nov- 2022 -29 November
Boohoo increases stake in Revolution Beauty
Boohoo has revealed that it recently increased its strategic investment into Revolution Beauty, with its direct interest hitting 26.47% of Revolution’s issued share capital. The retailer said its investment builds upon the existing relationship between the two groups, under which Revolution Beauty products are sold through several of Boohoo’s direct…
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29 November
N Brown Group CFO to step down
N Brown Group has announced that Rachel Izzard has notified the board of her intention to step down as group chief financial officer. Izzard will be leaving the group to take up a career opportunity outside of the online fashion and consumer credit industry. The retailer said that “the process…
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28 November
Superdry close to agreeing £70m refinancing deal
Superdry is reportedly close to agreeing a £70m deal with Elliott Advisors, a US-based hedge fund. The news comes as the retailer, which is being advised by PwC, will need a new asset-backed lending (ABL) facility for when its existing deal expires in January 2023. In addition to this, it…
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25 November
Frasers group acquires Savile Row tailor
Sports Direct owner Frasers group has reportedly struck a deal to acquire historic Savile Row tailor Gieves and Hawkes. According to the BBC, the company owned by Mike Ashley has been interested in a potential deal since September and has now finally secured the “long term future” of the 250…
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24 November
H&M reopens Regent Street flagship following refurb
H&M have reopened its flagship Regent Street store today (24 November), following a refurbishment and additions to the site’s offerings. It is reported that the site now has a “world leading” interior look and feel, as well as new circular and customer services, which includes the fashion retailer’s new clothes…
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23 November
Banana Republic to be sold by Next
Gap has announced that it has reached an agreement with Next to extend its joint venture and sell its Banana Republic and Athleta brands in the UK and Republic of Ireland through the retailer. Banana Republic, a global apparel and accessories brand for attainable luxury and heritage classics, will launch…
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22 November
Crew clothing eyes Joules takeover
Crew Clothing’s owner and majority shareholder is reportedly considering acquiring embattled retailer Joules out of administration, according to Drapers. The outlet has revealed that the Brigadier Acquisition Company, which is owned by Menoshi Shina, is in talks with administrators Interpath Advisory about a potential rescue deal that could see a…
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22 November
Raf Simons to close label after 27 years
Raf Simons has announced he is closing his eponymous label after 27 years. Announcing the news via Instagram, the fashion designer revealed that the brand’s spring/summer 2023 collection shown in October in London will be its last. “I lack the words to share how proud I am of all that…
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21 November
Foot Locker lifts guidance despite fall in Q3 sales
Footwear retailer Foot Locker has raised its FY guidance despite seeing a fall in sales and net income during the third quarter. For the 13-week period ending 29 October 2022, the company reported net income of $96m (£81.2m) compared with $158m (£133.7m) the prior-year period. Meanwhile, it confirmed third quarter…
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