Philip Green’s fashion empire Arcadia Group on Tuesday said it received applications from legal entities of U.S.-based property group Vornado challenging two of its seven planned Company Voluntary Agreements (CVAs).
It was a mixed (luxury) bag of results for Mulberry in the 53 weeks to the end of March with the UK company saying its international business developed, its D2C strategy progressed, but the UK market was challenging.
The gifting market in the UK is dominated by a major supermarket chain and an e-tail giant, but department stores remain key gifting destinations while other supermarkets also have a major opportunity to make it big.
Sergio Bucher, the CEO who hoped to turn Debenhams around but has presided over its decline, is expected to set down from his role within the next few days with some observers saying news could come as soon as Monday.
It's crunch week for Debenhams as reports suggest its resolve to keep Mike Ashley out is weakening, but with a bitter war of words still being waged, there's talk of an administration filing Monday and big job losses.
Pretty Green, the 10-year-old label founded by Oasis front man Liam Gallagher, is now owned by acquisitive retail giant JD Sports, adding to a buying spree that has included Footasylum, Finish Line and Sport Zone.