It has been reported that a Chinese company could be purchasing the iconic British trench coat and retailer Aquascutum for around $120 million USD. According to Bloomberg, Shandong Ruyi Group, a textile company, plans to buy Aquascutum from Hong Kong-listed YGM Trading and is currently conducting due diligence. Founded in 1851 by...
It has been revealed by Springboard that footfall increased 2% on 23rd December from 22nd December, however compared to the same period the previous year footfall dropped 5.5% and on Christmas Eve and Boxing Day the number of customers decreased 5.9% and 7.3% respectively year-on-year. Commenting, insights director at Springboard, Diane...
Fashion brand Cath Kidston have announced it has had a positive start to its financial year, which has been enhanced by rising international demand for the retailers classic British items. Figures show that sales rose 12.2% to £59.9 million in the six months to 24th September and international sales by themselves...
Stationery and gifts retailer Kikki.K, has chosen a 1,469 square foot shop inside The Friary, Guildford for its third standalone store. The brand currently trades from shops in Covent Garden and Birmingham and in a quartet of concessions in Fortnum and Mason and Selfridges. The letting is one of four secured...
After the success of the Bluewater Giving Tree, which was launched in conjunction with Heart FM in 2014, Land Securities has implemented a programme of giving initiatives at each location in its portfolio. This year, Bluewater installed a 20-foot tall Giving Tree on the centre’s upper mall in November for six...
House of Fraser has just opened its first-ever bricks-and-mortar store in China. The retailer, which is owned by Chinese conglomerate Sanpower Group, has opened in Sanpower Plaza in the commercial zone of Nanjing, the capital city of Jiangsu province with a population of 7.2 million. The store spans six floors with 425,000...
Amazon has been named as the world’s most valuable retail brand, with an estimated value of $98.98 billion USD. The BrandZ Top 25 Most Valuable Global Retail Brands report, put together by Kantar Millward Brown, said the online retail giant has continually pushed the boundaries and expanded into new areas, subsequently...
It has been reported that the Nine by Savannah Miller ‘Athleisure’ collection will be available exclusively at Debenhams in January. Taking inspiration from classic ballet shapes and colour palettes, the contemporary items include tops, leggings, shorts and full body cat-suits designed to be worn both for exercise and lounge wear. Prices...
Fashion retailer New Look has hired Richard Collyer as its new chief financial officer. Mr Collyer previously held the position of group finance director at New Look although he has been performing the chief financial officer role on a temporary basis since March 2016. Having joined New Look in 2008, Mr Collyer...
The New West End Company have released figures which show that West End retailers have enjoyed a strong Christmas trading period to date, with sales in November increasing by 13.9% year-on-year. Chief executive of New West End Company, Jace Tyrrell said: “We’ve witnessed a fantastic trading environment in the run up...
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