The retail environment may be tough but Dr Martens seems to be prospering with it saying Monday that revenue soared 25% to just over £290m in the year to March. Underlying profit rose an even bigger 27% to £37.5m.
Dr. Martens has announced that its chief executive officer Steve Murray is leaving the company to enable the “next phase of its history”. Chairman Paul Mason will take over until a new chief executive is appointed.
The buzz around the potential sale of matchesfashion.com is at fever pitch with the suggested £600 million sale price now rumoured to be £800 million as private equity groups line up to bid for the luxury e-tailer.
Is Matchesfashion set to be the latest business snapped up by an investment fund? Rumours have been swirling around the luxury e-tailer for months, but now it seems it really in in talks with investors about a takeover.
According to the Spanish business newspaper Expansión, the venture capital firms KKR, Permira, Bain and BC are in the final stages of negotiation to purchase the wedding label for a sum of more than 300 million euros.
Rumours of a sale have been swirling around Shop Direct for months and now it has been reported that the online fashion and general merchandise retail giant could be sold this year with a price tag of £3bn+ suggested.
German fashion house Hugo Boss is taking a range of steps to try to revive its fortunes, including reviewing the further expansion of its own stores, after its Chief Executive stepped down last month following a profi...