Fashion retailer East will cease trading on 4 May, leading to the loss of 300 jobs, after administrators failed to find a buyer.
British high street veteran John King, the former CEO of House of Fraser, has been named as the new CEO of Australian department store Myer.
Sportswear giants adidas and Reebok have once again topped Fashion Revolution’s Fashion Transparency Index, which this year also showed an improvement in transparency across the industry.
Kidswear trade show Bubble London, which was staged at the Business Design Centre, has closed its doors after 10 years.
Gavin Haig, the former CEO of Belstaff, has joined Burberry as chief commercial officer; a newly created role which he begins on Monday (23 April).
Selfridges has today unveiled its first advertising film in 40 years and its first made-for-cinema film, which will be running in cinemas in London, Manchester and Birmingham for the next five weeks.
It’s subjective, I know, but if you’ve bought something from a ‘luxury’ brand, recently, you will probably notice the quality isn’t quite what it once was. On the unstoppable growth trajectory of higher prices and sales, the quality hasn’t stayed consistent: no doubt increasing already inflated margins.
Speculation is mounting that House of Fraser could be the next major high street player to seek a CVA (Company Voluntary Arrangement) after it confirmed that it had appointed KPMG to advise on its options for the future.