News last week that Gerry Weber Group executive Norbert Steinke was stepping down from the management board has been followed up with an announcement that he is also quitting as Hallhuber managing director.
Over 1,700 jobs appear to have been saved at Style Group after a group of investors including Harold Tillman mounted a successful rescue bid for the troubled womenswear firm and hinted at a possible move into menswear.
Style Group Brands is urgently seeking backers as its risks an administration filing. The company, formed from the merger of Jacques Vert and Irisa, owns classic womenswear brands including Dash, Eastex and Precis.
The family owners of Schustermann & Borenstein have mandated Goldman Sachs to sell the German clothing exporter, two people close to the transaction said on Friday, a move analysts expect to attract strong interest.
Jacques Vert Plc agreed to be taken over by U.S. private investment firm Sun Capital for about 41.2 million pounds ($64 million) in cash, nearly a month after the British fashion retailer issued a full-year profit war...
British fashion retailer Jacques Vert Plc said its full-year profit would be below its expectations due to certain one-off charges and forecast weaker margins as it tried to stimulate a waning demand through promotions.
J Sainsbury will not join a wave of discounting sweeping Britain's retail sector, believing shoppers will splash out on Christmas despite a gloomy economic backdrop, its commercial director said on Monday.