Banana Republic to close UK website
Banana Republic had nine stores across the UK, but made the decision to close them all in 2016 due to falling sales. While its high street presence ended,
Source: drapersonline.com
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Next Plc snaps up JoJo Maman Bebe with investment firms
Next Plc has acquired JoJo Maman Bebe alongside investment funds and vehicles managed or advised by Davidson Kempner Capital Management LP.
Source: just-style.com
Next snaps up boutique kids' goods business JoJo Maman Bébé
It has taken a 44 per cent stake in JoJo, with the remainder bought by asset manager Davidson Kempner. Next did not say how much it paid.
Source: dailymail.co.uk
Laura Ashley to relaunch fashion
Global advisory, restructuring and investment firm Gordon Brothers rescued the Laura Ashley brand, its archives and related intellectual property from
Source: drapersonline.com
Why Next is the only retailer I'd want to own in my portfolio
The retail sector is brutally competitive. But high street stalwart Next is exploiting and building on its significant competitive advantages, says Rupert Hargreaves.
Source: moneyweek.com