The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
LONDON, United Kingdom — Tesco Plc, the U.K.'s largest supermarket operator, is returning to the U.S. with its standalone clothing store F&F, a year after selling its grocery business in the world's biggest economy.
Tesco plans to open seven outlets on the east coast this year with franchise partner Retail Group of America, the Cheshunt, England-based company said in a statement late last night. The first will open in Boston in May, with planned locations including New York, Virginia and Maryland.
Tesco sold its unprofitable Fresh & Easy grocery chain to billionaire Ron Burkle’s Yucaipa investment company last year as the retailer struggles to defend its dominant share of the home market. Chief Executive Officer Philip Clarke is trying to boost sales by adding businesses such as artisan bakeries to U.K. stores and expand the budget clothing business.
F&F now has 43 franchise stores in 10 countries and “we look forward to growing our presence with F&F in a number of key markets,” Simon Marshall, chairman of the Board of Retail Group of America said in the statement.
By Gabi Thesing; Editors:Celeste Perri, David Risser
From analysis of the global fashion and beauty industries to career and personal advice, BoF’s founder and CEO, Imran Amed, will be answering your questions on Sunday, February 18, 2024 during London Fashion Week.
The State of Fashion 2024 breaks down the 10 themes that will define the industry in the year ahead.
Imran Amed reviews the most important fashion stories of the year and shares his predictions on what this means for the industry in 2024.
After three days of inspiring talks, guests closed out BoF’s gathering for big thinkers with a black tie gala followed by an intimate performance from Rita Ora — guest starring Billy Porter.