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 — Creditors of struggling British fashion retailer New Look approved its latest restructuring plan at a meeting on Tuesday, safeguarding the firm's immediate future, it said in a statement.
The company voluntary arrangement (CVA) plan involved landlords agreeing new turnover-based leases at 402 stores to help get the retailer through the coronavirus crisis.
At the meeting the CVA was approved by the requisite majority of New Look's unsecured creditors, it said.
By James Davey; editor: Kate Holton.
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.