Two weeks after news surfaced that the teen fashion retailer was exploring a range of options to turn its business around, Forever 21 has reportedly hired a restructuring advisor in the hopes of averting bankruptcy.
Boohoo delivered a powerful set of final results on Wednesday to show just how much money can be made from selling affordable fast-fashion online and that its formula can perform globally as well as in the UK.
Superdry co-founder Julian Dunkerton needed 50% shareholder support to get back onto the struggling retailer's board and he has won his battle, getting 51.15% of the votes. The exec team has quit and he's now CEO.
Farfetch losses may have grown in Q3, but at its still-early development stage that's no shock. Losses aside, its Q3 report showed it surging ahead on sales and market share with enough cash to fund its lofty ambitions.
Juicy Couture has reportedly got a makeup collection up its velour tracksuit sleeve.The LA-based fashion brand has been working on its debut cosmetics line, dubbed ‘Juicy Couture Color Collection,' according to reports.
Fashion e-tail giant Asos is hosting an event in central London on Wednesday to “bring together brands and inspiring individuals to engage in some of the most important topics facing the fashion industry.”
Boohoo Group released its half-year report on Wednesday and in a fashion retail market that’s seeing a record-breaking level of challenges, the company is going from strength to strength with revenue up 50%.