
Speculation that Shandong Ruyi was in talks to buy the UK’s Arcadia Group may have been denied by both parties but it has certainly focused attention on the Chinese firm’s global ambitions in the fashion sector.
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Speculation that Shandong Ruyi was in talks to buy the UK’s Arcadia Group may have been denied by both parties but it has certainly focused attention on the Chinese firm’s global ambitions in the fashion sector.
After news that it will buy Bally, Shandong Ruyi was rumoured to be on the verge of making an even bigger splash in the fashion sector with an Arcadia buy, but it has flatly denied the story.
Topshop won’t be showing at London Fashion Week this month with the directional fast fashion retailer absent for the first time since it made its LFW debut in 2005.
Hundreds of Topshop and Topman stores could see imminent staff cuts as the Arcadia-owned chain becomes the latest UK retailer seeking to rationalise its stores in the face of lower footfall and the migration to e-tail.
Arcadia Group will run a six-month big data pilot across its Topshop, Topman and Wallis brands to gain customer insights as it aims to create more targeted marketing campaigns.
Topshop owner Arcadia has given its suppliers notice that it expects a 2% discount on orders, citing the tough retail environment and higher costs, and leading analysts to question how weak current trading might be.
E-tailer Koovs said Monday that its chief creative officer Robert Bready is leaving the firm and also that Nina Amin of KPMG is joining it as a non-executive director.
While athleisure is a category most often talked about in association with womenswear, menswear specialist Burton has just jumped into the category with a new range for exercise as well as leisurewear.
Better late than never. Some time after Topshop and Topman were expected to make their first foray into China, and over a year after signing a deal to enter the country, the UK fashion chains will set foot in Shanghai.
Next and Tesco have both had their challenges in recent periods and now the two are working together with Next testing out a concession in a Tesco superstore in London.