Month: August 2020
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Aug- 2020 -13 AugustClothing & Shoes
Very Group to return to profit as revenues pass £2bn
The Very Group has forecasted a return to profits for the FY20 as it revealed annual group revenues passed £2bn…
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13 AugustLuxury Goods
Watches of Switzerland returns to growth
Watches of Switzerland has reported that full-year revenue rose by 5.9% to £819.3m in the period ended 26 April, 2020. …
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13 AugustPeople Moves
Morrisons appoints two new non-exec directors
Morrisons has appointed chair of Made.com, Susanne Given and Sky UK CCO, Lyssa McGowan, as non-executive directors with immediate effect.…
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12 AugustEconomy
UK in recession following 20% GDP slump
The UK economy has entered into a technical recession following a “record” fall in gross domestic product (GDP) during the…
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12 AugustHigh Street
Mike Ashley’s Frasers Group delays results for second consecutive year
Mike Ashley’s Frasers Group has announced it is to delay the publication of its annual results for the second consecutive…
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12 AugustClothing & Shoes
Asos forecasts rise as returns fall
Asos has announced that sales and profit for its full year of trading are expected to be “significantly ahead” of…
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12 AugustPeople Moves
Thomas Rabe appointed Adidas chairman
Adidas has appointed Thomas Rabe, CEO of Bertelsmann, as chairman of the company’s supervisory board. He will succeed Igor Landau…
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11 AugustDepartment Stores
Debenhams cuts 2,500 jobs
Embattled department store chain Debenhams has cut 2,500 staff roles. The retailer said that the job cuts, believed to be…
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11 AugustHigh Street
Frasers Group mulls Debenhams acquisitions
Frasers Group owner Mike Ashley is reportedly looking to acquire up to 30 Debenhams stores. According to the Mail, sources…
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11 AugustClothing & Shoes
New Look eyes second CVA deal
Embattled fashion retailer New Look is reportedly planning to launch a second CVA that will ask its landlords to switch…
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