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 — Bonds of UK retailers extended declines on Tuesday as the industry's crisis deepens in the run-up to the Christmas holiday.
New Look Retail Group £700 million ($886 million) of notes due in July 2022 fell for a 16th day to about 46 pence, the lowest in six months, according to data compiled by Bloomberg. The British fashion chain is reducing the number of stores and pulling out of China as part of a strategic review of its international markets.
Debenhams' £200 million of bonds due in July 2021 were little changed at a record low of 63 pence after declining the most on Monday among notes in Bank of America Merrill Lynch’s sterling high-yield index.
Matalan’s £130 million of six-year bonds sold in January hovered near a record-low of 81 pence, while Shop Direct’s 550 million pounds of securities due in November 2022 slipped 0.4 pence on the pound to a six month-low of 81.5 pence, the data show.
By Katie Linsell; editors: Shelley Robinson, Abigail Moses and Eric Pfanner.
Fast-growing start-ups like Hettas, Saysh and Moolah Kicks created sneakers designed specifically for active women. The sportswear giants are watching closely.
The companies agreed to cap credit-card swipe fees in one of the most significant antitrust settlements ever, following a legal fight that spanned almost two decades.
In an era of austerity on Wall Street, apparel businesses are more likely to be valued on their profits rather than sales, which usually means lower payouts for founders and investors. That is, if they can find a buyer in the first place.
The fast fashion giant occupies a shrinking middle ground between Shein and Zara. New CEO Daniel Ervér can lay out the path forward when the company reports quarterly results this week.