Nordstrom Inc said on Monday its founding family had suspended attempts to take the upscale retailer private for the rest of the year due to difficulties in arranging funds for the deal ahead of the holiday season.
Troubled high-end hosiery and bodywear specialist Wolford has revealed that it’s cutting more jobs as the Austrian firm continues to work on its turnaround programme with cost cuts a key part of that plan.
Luxury may have its ups and downs but Harrods makes money regardless. The Qatar Holding-owned London landmark has turned in an eighth successive year of record profits on the back of eight years of record sales.
Sports shoe and clothing retailer Footasylum has confirmed its float plans with the company saying Monday that it will list its shares on the London Stock Exchange’s Alternative Investment Market (AIM).
The Italian luxury brand achieved a turnover of 1.3 billion euros for the financial year 2016/2017, quadrupling its net profit, which soared from approximately 18 million in 2015 to 80 million a year later.
The complicated unravelling of the Surfstitch empire continues with news that UK-based Surfdome, which it has just sold, is now the exclusive global e-tail provider for another ex-Surfstitch property, Magicseaweed.
The Harvey Weinstein scandal is hitting the business of British designer Georgina Chapman with her and Keren Craig’s Marchesa label seeing plans for a licensed jewellery line being dropped by the licensee.