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 — The administrators of L.K. Bennett, a British womenswear retailer favoured by British royal Kate, said on Friday they had completed the sale of most of its UK stores and assets to Byland UK for an undisclosed sum.
"The sale includes the company's headquarters, 21 stores, all of its concessions, and 325 employees, who will transfer across to the purchaser," EY said in a statement.
"Unfortunately, the 15 stores that were not included in the sale will be closed, resulting in the redundancy of around 110 employees... The company's international subsidiaries are also not included in the sale and will remain in administration."
By Alistair Smout; editor: William Schomberg.
As the German sportswear giant taps surging demand for its Samba and Gazelle sneakers, it’s also taking steps to spread its bets ahead of peak interest.
A profitable, multi-trillion dollar fashion industry populated with brands that generate minimal economic and environmental waste is within our reach, argues Lawrence Lenihan.
RFID technology has made self-checkout far more efficient than traditional scanning kiosks at retailers like Zara and Uniqlo, but the industry at large hesitates to fully embrace the innovation over concerns of theft and customer engagement.
The company has continued to struggle with growing “at scale” and issued a warning in February that revenue may not start increasing again until the fourth quarter.