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Cath Kidston sold to Hilco, plans expansion at home and abroad

Cath Kidston sold to Hilco, plans expansion at home and abroad

​It's official. After several days of speculation, restructuring specialist Hilco Capital has acquired the Cath Kidston brand from its previous owner Baring Private Equity Asia (BPEA). 
Fashion
Luxury shoppers increasingly focus on sustainability, the metaverse - report

Luxury shoppers increasingly focus on sustainability, the metaverse - report

A new BCG and Comité Colbert study shows that 65% of consumers “take into account companies' commitment to sustainable development when deciding on their purchases” and that luxury still needs to do more to excel online.
Luxury
BFC reveals schedule for second annual IPF Forum

BFC reveals schedule for second annual IPF Forum

The British Fashion Council (BFC) is to stage its second annual Institute of Positive Fashion (IPF) Forum with an extensive day-long programme on 30 June. It will take place at 180 Studios, 180 The Strand, London.
Fashion
Hilco could become new Cath Kidston owner - report

Hilco could become new Cath Kidston owner - report

UK lifestyle retailer Cath Kidston’s new owner could be investor Hilco. It’s close to buying the brand and wholesale operations, having held “detailed talks” with owner Baring Private Equity Asia, a report says.
Fashion
H&M has strong first half but June sales will fall

H&M has strong first half but June sales will fall

​H&M’s first half and Q2 were all about its ongoing recovery as the retail giant benefited from “increased full-price sales and lower markdowns”. But there remain challenges and comparison periods are getting tougher.
Fashion
New Scottish fund aims to boost textiles sustainability

New Scottish fund aims to boost textiles sustainability

The Scottish textiles industry is being funded by a £2 million injection to help “reduce its environmental burden”. Zero Waste Scotland and the Scottish government have launched their ‘Circular Textiles Fund’.
Fashion
Senior UK economist warns inflation will persist

Senior UK economist warns inflation will persist

The British economy could be in line for a “painful inflation spiral”, the Bank of England’s chief economist Huw Pill has warned. He points to a shortage of workers and businesses’ willingness to pass on higher costs.
Fashion
John Lewis names Ferrer new fashion director of design

John Lewis names Ferrer new fashion director of design

John Lewis has made a major new appointment, naming Queralt Ferrer as its first director of design for the fashion super-category, as part of its plan to bolster its own-brand strategy.
Fashion
Cath Kidston reportedly up for sale

Cath Kidston reportedly up for sale

It looks like Cath Kidston could be up for sale just two years after the company's pandemic-linked collapse saw it retreating from much of its physical retail chain and cutting close to a thousand jobs.
Fashion
UK consumer confidence dips to record low in June - GfK

UK consumer confidence dips to record low in June - GfK

UK consumer confidence fell to a record low in June as shoppers grappled with a stark new economic reality, figures from Gfk’s long-running series of reports show. Its confidence Index dipped one point to -41.
Fashion
June UK retail sales dip again, July looks flat - CBI

June UK retail sales dip again, July looks flat - CBI

​The first monthly retail sales report for June is out and it doesn’t look good. The Confederation of British Industry has released its regular report and said retail sales volumes fell slightly in the year to June.
Fashion
Klarna launches loyalty card within its app

Klarna launches loyalty card within its app

Easy payments financier Klarna has launched a loyalty card feature on its app. It will allow users to store and access their physical loyalty cards as a digital version “removing the need to carry plastic equivalents".
Fashion
Start of Harrods summer sale delayed by supply issues

Start of Harrods summer sale delayed by supply issues

Shoppers awaiting the start of the renowned Harrods summer sale will have to wait a bit longer. ​The  luxury department store in London’s Knightsbridge has delayed its next sale season by a fortnight.
Luxury
UK consumers rein in spending as inflation bites - GWI report

UK consumers rein in spending as inflation bites - GWI report

As the cost-of-living crisis deepens, it’s no wonder almost a third of UK consumers are now feeling insecure about their finances, according to a new survey from audience insights company GWI.
Fashion
Boohoo names new CFO as incumbent moves to strategic projects role

Boohoo names new CFO as incumbent moves to strategic projects role

​E-tail giant Boohoo Group has named Shaun McCabe as its new CFO to succeed Neil Catto whose role will transition to an Executive Director, remaining on the board, “with responsibility for strategic projects”.
Fashion
Matalan makes strides in turnaround, new in-house womenswear labels strong

Matalan makes strides in turnaround, new in-house womenswear labels strong

​Matalan has filed its accounts for its latest financial year and also updated on the first quarter of this year with the company clearly making progress in its turnaround.
Fashion