French premium fashion group SMCP has announced it has obtained a state-guaranteed loan of 140 million euros to help it mitigate the financial impact of Covid-19. “The group has contracted a loan of 140 million euros, guaranteed by the French State (PGE) up to 90 percent with a one-year maturity loan […]

The OTB group, which includes Diesel, Margiela, Marni and Viktor and Rolf, has launched what it is calling a “hyper real” virtual sales showroom to sell its spring/summer 2021 collections after it accelerated its transition to digital options due to the coronavirus pandemic. In a statement, OTB said […]

Amazon UK has teamed up with small business support network Enterprise Nation to launch a free accelerator programme to support 200,000 startups and small businesses. The Amazon Small Business Accelerator is an online educational programme looking to help people set up an online business or build on […]

JD Sports has announced that it has bought back its Go Outdoors brand from administrators in a pre-pack deal worth 56.5 million pounds. The deal will initiate a restructuring which aims to “preserve as many jobs as possible” and retain “the majority” of Go Outdoors’ stores. The news came in the same […]

French brand Naf Naf has been bought by one of its suppliers, Turkish fabric manufacturer SY International, after the struggling brand was placed into receivership in May. Naf Naf will be taken over by the company’s French subsidiary, SY Corporate France. It is understood that the acquisition will save […]

Founded in 1982, Ardene is a family-owned Canadian fast-fashion retailer. The company started as an accessory and jewelry retailer, and today they’re on a whole new level, featuring a vast assortment of clothing, footwear, accessories, jewelry, activewear, intimates, and more. Ardene started to expand […]

Gauging consumer sentiment during “regular” times is difficult enough, but during a crisis its challenges are augmented. Companies need to adapt to manage the now and tomorrow in ever-changing circumstances. The coronavirus has upended businesses and economies but also changed consumer behaviour, and […]

The owner of Hotter Shoes has announced it intends to restructure the British footwear retailer through a company voluntary arrangement (CVA) process. Electra Private Equity announced Friday that following the emergence of the Covid-19 pandemic, Hotter Shoes has been in talks with a number of its landlords […]

JD Sports has confirmed that it is considering a number of ‘strategic options’ for its Go Outdoors brand, which is likely to see the chain enter into administration. The company said on Monday: “The group can confirm that it has considered a number of strategic options for Go and that Go's directors […]

Department stores have been some of the worst hit retailers during the pandemic crisis, with many not having the e-commerce prowess to match their brick and mortar cachet and success. Barneys and Neiman Marcus are but two examples. For many luxury department stores technology became a lesser priority […]

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