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Next acquires interest in Reiss

UK domestic stocks hit by record UK economic contraction in 2020

UK online fast fashion retailer Boohoo Group has inked a deal to buy the Debenhams brand for GBP55m (US$75.2m) in a move aimed at furthering its ambition to create the UK's largest marketplace and grow into new categories including beauty, sport, and homeware.> UK online fast fashion retailer Boohoo Group is set to acquire the global rights to the Debenhams brands and its websites in a GBP55m (US$75.2m) deal as it steps closer to achieving its goal of creating the UK's largest marketplace. The move will help it grow into new categories including beauty, spo...

UK clothing and homewares retailer Next Plc has seen its sales stage a partial recovery in the second quarter after they were dealt a big blow during the coronavirus lockdown. Investment in online capabilities, warehouse capacity and a strong balance sheet have all helped, and the company is now confident of booking a full-year profit. Industry experts offer their views on today's (29 July) results.> UK clothing and homeware retailer Next Plc has said it expects to finish the year in profit after it revealed a better than expected slump of 28% in full price sales for the second quarter....

By Reuters Staff (Adds Arcadia’s response) Jan 23 (Reuters) - British online fashion retailer ASOS Plc has emerged as a surprise front-runner to buy the Topshop brand from the administrators of British tycoon Philip Green’s Arcadia Group, Sky News reported on Saturday. ASOS is in the lead to buy the brand for more than 250 million pounds ($342.10 million), the report said. bit.ly/3990EGm ASOS and Arcadia declined to comment. Retailer Next Plc said on Thursday it had pulled out of the bidding as it was unable to meet the price expectations of the collapsed fashion chain. ASOS is not holdin...