The latest tenant to land in London’s Carnaby area is Happy Socks with landlord Shaftesbury saying the company will join its line-up with a store on Foubert’s Place, very close to tourist destination Carnaby Street.
The luxury end of the market is outperforming the UK fashion market and while sales to international shoppers have been in decline after the boost that they gained from the Brexit vote, that declined eased in August.
Topshop has taken down an in-store feminist display less than half an hour after it had been put up and the retailer seems to have realised it had blundered as it’s since apologised and made a donation to charity.
H&M is acquiring a stake in Swedish fintech company Klarna, the Financial Times reported. The world's second-largest clothes retailer is paying SEK 185 million (15.6 million pounds) for a stake of less than 1 percent.
In a short statement on Monday, French Connection confirmed what had been rumoured for some time with the company saying that it’s looking at its strategy options and one of those could include a sale.
The European Union is considering trade sanctions on Myanmar over the Rohingya crisis, potentially stripping the country of tariff-free access to the world’s largest trading bloc, three EU officials said.