M&S is reportedly close to a deal to buy Jaeger, which is part of Philip Day’s failed Edinburgh Woollen Mill Group. But while it’s believed to be taking on the brand and its stock, the stores aren’t part of the deal.
The livelihoods of millions of Asian garment workers are in jeopardy after cancellations by top fashion brands, with unions, researchers and campaigners warning coronavirus could lead to a rollback of labour rights.
French Connection issued a surprise (and very short) update on Friday detailing the results of its strategic review, and its share price plunged as a result. The reason? It's no longer for sale and trading remains tough.
Billionaire Philip Day is now in control of struggling Bonmarché after buying a 52% stake in the distressed retailer. The Peacocks and Jaeger owner will launch a bid for the remaining 48%, along with a business review.
Warpaint, the owner of cosmetics brands W7 and Technic, has announced stellar sales for the first half of the year, up 38.7% to £18.4 million driven by its expansion and the strength of its W7 make-up brand.