Jen Atkin’s Editorial Site Mane Addicts Shuts Down, Lays Off Team
Ouai founder Jen Atkin’s 10-year-old editorial hair care site Mane Addicts has effectively shut down.
Parent-company Arcadia’s collapse marks the UK’s biggest corporate casualty of the pandemic. What comes next for the brand that was once the crown jewel of the high street?
The British sportswear retailer bought a 12.5 percent stake in the luxury leather goods company.
The sportswear retailer has agreed on 73 percent of a query over value added tax of €674 million.
Shares in the sportswear retailer were up 8.5 percent on the morning of July 24, paring its year-on-year losses to 41 percent.
The sportswear retailer has sold the freehold to its Shirebrook logistics centre to Malaysia's Employees Provident Fund.
Chairman Terry Duddy will take over on an interim basis as the company seeks a successor to Sergio Bucher.
The retail magnate, who made headlines for binge drinking and the substandard working conditions at his sporting goods chain, has been blasting Debenhams management and making legal threats since lenders took control on April 9
Despite its long history, Debenhams has been battling for survival after a consumer shift online and to cheaper outlets destroyed 90 percent of its share value in the past year.
The British retail mogul has made a fresh bid to stave off a looming debt restructuring at Debenhams that would wipe out his equity.
The sportswear group, which has a near-30 percent stake in Debenhams, did not name or number the shareholders backing such a move.
The offer is the latest of Ashley’s attempts to wrest control of the ailing department store and save his existing stake in the company.
Ashley's Sports Direct, Debenhams' biggest shareholder, made its unsecured loan offer with conditions including the appointment of Ashley as chief executive.
Ouai founder Jen Atkin’s 10-year-old editorial hair care site Mane Addicts has effectively shut down.
Sales rose 4 percent on a reported basis, as consumer pullback from Japanese brands and inventory adjustments dragged down overall earnings.
The lingerie maker said Thursday that its preliminary sales and adjusted profit for the quarter ended May 4 were at the high end or above its prior projections.
The American apparel chain will reopen a womenswear store in the retail neighbourhood since its last location closed in 2018.
Revenues totalled 227 million euros ($244.5 million), below analyst expectations of 237 million euros according a LSEG consensus.
Researchers have expressed concerned that AI-generated content could be used as misinformation in an attempt to interfere with US elections this autumn.
Sticky inflation has forced shoppers in various categories to trade down to more affordable products.
The company’s net sales came in at $1.48 billion in the quarter ended March 30, compared to analysts’ average estimate of $1.50 billion, according to LSEG data.