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LONDON, Jan 31 — British online fashion retailer ASOS is on the verge of a deal to buy Topshop and Miss Selfridge from the administrators of British tycoon Philip Green’s Arcadia Group for almost £300 million pounds (RM1.6 billion), Sky News reported. ASOS could announce a deal as early as...
Europe suffers amid restriction worries, GameStop booms
BBC News image captionJenners department store in Edinburgh has been at the site since 1838 Every city and town had a Victorian department store that captured the middle class spirit of lady shoppers - but in Edinburgh, Jenner's was a refined cut above It is a big moment for the capital's city centre if its anchor store faces closure. That was announced by Frasers on the same day that two new online fashion giants expand into the UK's traditional retail brands But the building's owner isn't giving up. The battle between commercial landlord and tenant is brutal, but where old retailers depart ...
Europe Concerns that additional and stricter restrictions will hamper the economic rebound in the wake of the pandemic are weighing on market confidence. It is believed that Britain will tighten rules in relation to people flying into the country. France already has a countrywide curfew in place and there is growing talk a third national lockdown will be introduced. The latest services data from France underlined the impact of the existing measures, so another lockdown would add to the economic suffering. The EU’s distribution of the coronavirus vaccine has been slow, so that is also playi...
The Arcadia closures are thought to include Outfit stores (Image: PA) The Arcadia jobs cuts come less than a week after administrators for Jaeger warned 233 staff faced redundancy following the fashion brand's acquisition by Marks & Spencer (M&S). Jaeger's 63 stores and concession will be permanently closed after they were not bought as part of the deal. Administrators at FRP Advisory said that 22 head office staff and 211 store staff had been made redundant as a result. Six head office staff and seven warehouse staff have been retained by the administrators to assist them in their duties. Tr...