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Fashion

Jack Wills slashes jobs and closes stores as fashion brand's profits tumble
By City AM
The company's headcount reduced from 233 to 135 in the 12 months to 28 April, 2024, while it went from running 32 shops to 24
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Mulberry 'neglected to connect' with º£½ÇÊÓƵ shoppers, says boss
Retail
Andrea Baldo said moving forward the company would focus less on China and close 12 stores across its Asian estate
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Crew Clothing to open 20 new stores across the º£½ÇÊÓƵ in 2025 after strong Christmas sales
By City AM
The fashion retailer has revealed plans to expand further after adding 15 new stores in 2024
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Stella McCartney parts ways with LVMH after buying back fashion brand stake
By City AM
Stella McCartney has bought back LVMH's 49 per cent stake in her fashion brand, which the luxury giant has held for five years, and the designer will also step down from her role as artistic director
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Young woman opens Yorkshire prom shop after own disastrous dress experience
Fashion
Lia Brehmer and her mother Donna Gadd run two Prom Den shops, serving customers across Yorkshire
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Asos to close US warehouse and serve customers from Barnsley instead
By City AM
The online fashion retailer said it will close the US distribution centre in Georgia, USA, from late this year
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New partnership representing high streets across the º£½ÇÊÓƵ launches
Retail & High Street
Business district improvements that make up High Streets º£½ÇÊÓƵ include FOR Cardiff
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Air fryers, Playstations and LEGO help Very Group to 'strong' Christmas and Black Friday results
Retail & High Street
Group hails 'exceptional sales in home and toys, gifts & beauty categories'
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Welsh firms underperforming on research and development spending
Enterprise
While Welsh firms make up around a 5% of the º£½ÇÊÓƵ population there share of R&D spending is just 1.7%
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Newcastle fashion firm END. swings to loss after major restructuring in challenging year
Retail & High Street
The firm also posted an impairment charge of £778m relating to its investment
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Iconic fashion and furnishings brand Laura Ashley under new ownership
Deals
Originally set up in Powys in the 1950s the business has been acquired by Marquee Brands
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Barbour profits jump 10% despite 'relentless' cost and pricing pressures
Fashion
During the financial year the South Tyneside business also opened a Singapore operation
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Royal Warrants granted to Queen's trusted fashion designers and beauty experts
John Lewis
The King has granted royal warrants to 386 companies that previously held warrants from Queen Elizabeth II, including household names like John Lewis, Heinz and Nestle, while the Duchess has appointed seven new holders
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The CEO of Hirestreet on fashion trends, challenges and renting out her own bridesmaids' dresses
Retail & High Street
Hirestreet founder Isabella West tells us how the business is helping retailers to navigate challenges, while also helping fashion fans to stay sustainable
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Michael Murray of Frasers Group set to join Hugo Boss board amid retail expansion
By City AM
Michael Murray, the chief executive of Frasers Group, the retail giant controlled by Mike Ashley, is set to join the board of German fashion retailer Hugo Boss
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Footasylum expands presence at Merry Hill
West Midlands
Fashion and shoewear brands has more than tripled its footprint at the Black Country retail hub
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Boohoo shares rebound from historic low as battle over its future continues
By City AM
The fast fashion group is currently in a battle over its future and leadership with Mike Ashley's Frasers Group, which has a 27% stake in Boohoo
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Scale-up firms might be few in number but their impact is immense
Economy
Scale-up firms make up just 0.6% of the º£½ÇÊÓƵ’s business population but contribute 55% of the total output generated by SMEs,
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Adanola: Profit soars more than 100% at celebrity-endorsed athleisure brand
Fashion
The Manchester-based label, which is worn by the likes of Michelle Keegan, Molly-Mae Hague and Maya Jama, has reported a pre-tax profit of £18.9m for the year to 31 March, 2024.
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Mulberry plunges to loss weeks after rejecting takeover offer from Mike Ashley's Frasers
Retail & High Street
The Somerset-headquartered company's new chief executive says he is 'confident' he can rebuild the luxury brand
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Boohoo raises £40m as Mike Ashley's Frasers battle rumbles on
By City AM
Boohoo has raised £39.3m as it looks to turn the business around amid a well-publicised battle with Mike Ashley's Frasers
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Mike Ashley's Frasers Group tightens grip on Boohoo as crunch vote nears
By City AM
Frasers Group has upped its stake in Boohoo once again as the Mike Ashley-led retailer continues its public battle with the fast-fashion giant
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Assos of Switzerland launches legal action against online fashion retailer Asos
By City AM
The fast-fashion giant has been accused of breaching a contract by the premium cyclewear brand, which has a 'equipment not clothing' slogan for its website
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Burberry braced for Moncler acquisition as staff instructed to remain silent
By City AM
Rumours began to circulate last week that the listed brand was set for a takeover by the skiwear maker, but both firms declined to comment on the news
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