Struggling Joules is reportedly exploring options for a company voluntary arrangement (CVA) as it seeks to cut its costs and stave off a collapse following the termination of talks for Next to take a stake in the firm.
The French down jacket brand, taken over by L Catterton in 2021, claims to have doubled its sales in two years and is opening a flagship store in London in November. In France, it will have opened 35 new shops in 2022.
The yoga and fitness apparel brand has found a new location on the Champs-Elysées in Paris, and in December will open a 515 square-meter store at number 38 of the French capital’s iconic commercial thoroughfare.
Some 494,000 tonnes of low-value or non-reusable textiles, or 74% of those collected in six European countries, can be recycled, according to a Fashion for Good study quantifying the potential of recycling.
Seamm, a start-up digitising fashion goods for virtual worlds, has raised $1.7 million in funding “to scale go-to-market activities, attract and hire top talent, and accelerate the development of its platform”.
Are You Mad. No, that’s not a question but the name of Shaftesbury’s latest consumer-facing effort to promote sustainability. The London property giant has opened its first visible recycling unit on Carnaby Street.
Ted Baker has a lot on its plate as it prepares to join ABG and also deals with the tough economic backdrop. But it’s business-as-usual for store expansion and it's struck a deal for premium space at Merry Hill.
Next is one of the most successful UK fashion retailers, so when it downgrades profit guidance that it only upgraded last month, you know the sector as a whole is facing tough times. And that’s what it did Thursday.