Fashion retailer New Look said on Monday that CEO Nigel Oddy has stepped down and is leaving the firm. It also said that the search for his successor is “well-advanced” but it gave no hint of who might take up the post.
ASOS on Monday unveiled its second circular design collection as well as launching a trial partnership with resale service Thrift+. This will “allow customers to sell pre-loved clothes to earn credit”.
Ted Baker hasn’t announced the name of the preferred bidder to which it’s talking, but news reports say acquisition-hungry Authentic Brands Group (ABG) is the front-runner to clinch a £300m deal to buy the UK retailer.
Fashion e-tailer Missguided is teetering on the brink with administrators stepping in after creditors issued a winding-up petition. And a report claimed that e-tail peer Boohoo is working on a pre-pack rescue.
British designer label A-Cold-Wall has begun a six-week “residency” at the Doha Festival City Mall in Qatar. Its new shop-in-shop 7.2 sq m space is located in the three-storey Harvey Nichols store there.