Unilever NV shareholders have approved plans to end the Anglo-Dutch company's dual-headed corporate structure and form a London-based entity, which it says will make dealmaking simpler.
Having filed for Chapter 11 bankruptcy in July, the Mahwah, New Jersey-based owner of Ann Taylor and Lane Bryant has received court approval for its reorganization plan, which must now be approved by its creditors.
The German luxury retailer has reported annual revenues of 450 million euros, up from 377 million euros in the previous year, growth driven by a 20% rise in the company's e-commerce sales.
The owners of Italian high-end online fashion retailer Luisa Via Roma are exploring a sale of the company, two people familiar with the matter said on Monday.
China's ByteDance said on Monday that TikTok Global will launch a public offering of shares to enhance the corporate governance structure and transparency for the firm that will control the TikTok's U.S. operations.
The trade and assets of Aldo UK have been sold to the Bushell Investment Group (BIG), we were told on Monday.
The sale of UK supermarket chain Asda, which is also one of the UK’s biggest fashion sellers via its George label, could happen as soon as the end of this week.
There’s speculation this week that value fashion chain Peacocks might be sold at some point as its owner Philip Day seeks a valuation for the chain.
The pandemic may only have affected the final period of Superdry's latest financial year, but its performance was “materially impacted” by Covid-19 disruption, the company said as it delivered its results on Monday.
The New York-based brand licensing group, which made a Chapter 11 filing in May, has received court approval for its reorganization plan and expects to emerge from bankruptcy by the end of October.
France's LVMH faces an uphill battle in walking away from its $16 billion deal to buy U.S. jeweler Tiffany & Co, with legal experts noting most mergers which end up in court are renegotiated rather than dissolved.
The Crown Estate, like other major landlords, is aiming to conserve as much cash as it possibly can and has delayed the payment of its annual income to the Treasury in the face of a shortfall in rent payments.
Finnish textiles-to-fashion firm Marimekko has updated its guidance saying net sales will be lower for the full year while comparable operating profit could be at a similar level to last year, but might also be lower.
Aspinal of London is the latest British retailer to launch a CVA proposal as the effects of a pandemic have made its current business model unviable.
The designer clothing rental service has announced that it is discontinuing its unlimited membership in favor of a new pricing structure allowing subscribers to rent four, eight or 16 pieces a month.
Hungary
