Frédéric Malle Steps Down From Namesake Brand
Frédéric Malle announced on Apr. 18 that he will be leaving his brand Editions de Parfums Frédéric Malle at the end of June.
Mike Ashley
The Rise and Fall of Topshop: What Went Wrong
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?
Sportswear Retailer Frasers Invests in Mulberry Group
The British sportswear retailer bought a 12.5 percent stake in the luxury leather goods company.
Frasers Group Settles Belgian Tax Case
The sportswear retailer has agreed on 73 percent of a query over value added tax of €674 million.
Sports Direct Delays Full-Year Results to Meet Guidance
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.
Sports Direct Confirms $152 Million Headquarters Sale
The sportswear retailer has sold the freehold to its Shirebrook logistics centre to Malaysia's Employees Provident Fund.
Debenhams CEO Steps Down Following Takeover by Lenders
Chairman Terry Duddy will take over on an interim basis as the company seeks a successor to Sergio Bucher.
Mike Ashley Lashes Out as US Funds Invade UK Retail Crisis
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
Debenhams Set for Administration After Rejecting New Ashley Plan
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.
Mike Ashley Floats New Plan for Debenhams
The British retail mogul has made a fresh bid to stave off a looming debt restructuring at Debenhams that would wipe out his equity.
Sports Direct Says Debenhams Investors Back Ashley's Bid for CEO
The sportswear group, which has a near-30 percent stake in Debenhams, did not name or number the shareholders backing such a move.
Mike Ashley Weighs Offer Valuing Debenhams at $81 Million
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.
Debenhams Pays Lip Service to Mike Ashley Loan Offer
Ashley's Sports Direct, Debenhams' biggest shareholder, made its unsecured loan offer with conditions including the appointment of Ashley as chief executive.
The News in Brief
With Succession in Focus, LVMH Adds Alexandre and Frédéric Arnault to Board
The two brothers join older siblings Antoine and Delphine, meaning that 4 out of Arnault’s 5 heirs now serve on the board. Bernard Arnault, age 75, has placed his controlling interest in LVMH in a stock-share partnership aimed at perpetuating family control.
Arnault Says He Hopes Tensions With China on Luxury Quiet Down
Billionaire Bernard Arnault said he hopes a planned visit to France next month by China’s Xi Jinping will help smooth trade relations between Paris and Beijing.
Vita Liberata Bought Back By Founder
Alyson Hogg, who founded the luxury tanning brand in 2003, has reacquired it from Crown Laboratories.
Swiss Watch Exports Plunge as China and Hong Kong Demand Dries Up
Monthly Swiss watch exports suffered their biggest decline since 2020 as demand for premium and luxury timepieces in key markets including China and Hong Kong plunged.
Asos Says It Will Take ‘Necessary Actions’ After 18% Drop in Sales
Asos has said it will take “necessary actions” to transform its fortunes after the fast fashion retailer’s first-half losses widened and sales fell by nearly a fifth.
TikTok Divest-or-Ban Bill Heads to Fast Track in US Congress
The effort to force TikTok’s Chinese parent company ByteDance Ltd to divest its ownership of the social media platform would quickly become law under a plan outlined Wednesday by House Speaker Mike Johnson.
Lagardère Group Launches Egyptian Edition of Elle Magazine
The French publisher has appointed Tunis-based firm Nissa Editions Group as the local licensing partner and Cairo-based fashion media veteran Susan Sabet as both managing director and editor-in-chief of the new title.