Fashion

Asos reveals “shifted shopping habits” in 2020 trend report

Online retailer Asos has released its annual trends report, which reveals that the pandemic has shifted 20-somethings’ shopping habits, with activewear and loungewear soaring as shoppers looked for comfort. During lockdown, Asos saw a corresponding uptick in customer demand for activewear, with 188,000 pairs of its Asos 4505 Icon leggings sold...

6 hours ago

Business

Ann Summers launches CVA proposal

Ann Summers has become the latest UK fashion business to launch a company voluntary arrangement (CVA) in a bid to move its stores to a turnover-based rent model. The company said the CVA will only affect the 25 of its 91 stores it was unable to agree revised rent terms for with landlords. The brand has called in FRP Advisory to oversee the...

2 hours ago

Business

Style Capital acquires majority stake in Australian brand Zimmermann

Milan-based investment fund Style Capital has acquired a majority stake in Australian luxury brand Zimmermann. The label, founded in Sydney in 1991 by sisters Nicky and Simone Zimmermann, operates 19 stores in Australia and is internationally known for its upmarket swimwear collections. “We are excited to partner with the team at Style Capital...

3 Dec 2020

Business

Bonmarché falls into administration

British fashion chain Bonmarché has fallen into administration, putting more than 1,500 jobs at risk. The company, which has 225 stores in the UK, is owned by British retail tycoon Philip Day, whose other chains Edinburgh Woollen Mill, Peacocks, Jaeger and Ponden Home fell into administration last month. Bonmarché has appointed administrators...

3 Dec 2020

More News