
Aspinal of London has hired financial advisers from KPMG to explore its strategic options if an attempt to sell the business fails to find a suitable buyer.
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Aspinal of London has hired financial advisers from KPMG to explore its strategic options if an attempt to sell the business fails to find a suitable buyer.
British luxury brand Aspinal of London has confirmed it has brought in advisers to evaluate options to fund its growth plans as it embarks on a journey to become a global accessories brand.
It’s unclear on Monday just what the prospects for luxury accessories business Aspinal of London are with a report that the company has called in investment bankers as it seeks a funding injection.
Barneys New York filed for Chapter 11 bankruptcy on Tuesday and put itself up for sale after facing soaring rents and failing in its earlier attempts to find a buyer for the cash-strapped retailer.
Sainsbury's $10 billion (7.27 billion pounds) purchase of Walmart's Asda may pressure UK grocery prices and make the British market less attractive for newer players such as Amazon.com .
Steinhoff said on Tuesday it had started to lose credit lines from lenders and was still unable to determine the scale of accounting irregularities which have wiped more than $10 billion off its market value.
The Rockport Group is exploring its options, including a possible sale, after one of the U.S. footwear maker’s major debtholders took ownership of the company, people familiar with the matter said Wednesday.
Private equity firm Blackstone has reached an agreement in principle to hand over control of German outdoor brand Jack Wolfskin to a group of its lenders in a debt for equity swap, sources close to the situation said.
Battling surf group Billabong has reportedly sold its high-end bikini brand Tigerlily for AU$60 million (US$46.15 million), some $40 million less than previous valuations given by experts.
Lenders to German outdoor brand Jack Wolfskin are close to finalising a restructuring plan for the company's 365m debt, two sources close to the situation said.