April 12 sees the opening of McArthurGlen’s latest outlet centre with the debut of the £160m Designer Outlet West Midlands. The company said it’s the only standalone shopping centre to open in the UK this year.
Otrium, an online outlet store for fashion brands, said on Wednesday it had raised $120 million from investors as it launches in the US and develops its platform for trading items left unsold at the end of the season.
In a surprise move, one of the UK's most successful fashion retail giants, Next, said it would be buying a minority stake in one of the most respected mid-sized names, Reiss. And it could take a majority stake as well.