Articles by Rachel Douglass
Boohoo shareholders vote against Frasers' proposal to remove co-founder
The shareholders of Boohoo Group have voted against a proposal to remove co-founder, Mahmud Kamani, as a director of the fast fashion company. A total of 63.17 percent voted against the resolution, as opposed to 36.83 percent voting for it. The proposal had been brought forth by Frasers Group, a majority shareholder in Boohoo, which had called...
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China's luxury market: Challenges from last year to continue into 2025, ‘flattish’ performance forecasted
A new report by Bain & Company has suggested that “China’s luxury market failed to maintain its previous growth trajectory” throughout 2024, after it experienced an "unexpected and sharp deceleration that worsened throughout the year”. In the report, entitled ‘2024 China Luxury Goods Market’, it was stated that the mainland luxury market saw a...
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Saks Fifth Avenue enters franchise agreement with Reliance Retail
US luxury department store Saks Fifth Avenue has established a franchise agreement in India with the country’s retail giant, Reliance Retail. This was announced in Reliance Industries’ consolidated results for the quarter ended 31 December, 2024. Here, the group, the parent company of Reliance Retail, revealed that its Premium Brands business...
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Pepco reportedly calls in advisors to explore ‘radical options’ for Poundland
Pepco Group, the Polish owner of budget store chain Poundland, is believed to have appointed advisory firm AlixPartners to address an ongoing sales slump at the firm. According to Sky News, Pepco has hired consultants to explore “radical options” for Poundland, with a formal restructuring plan or a potential sale of the business said to be among...
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Bira calls for ‘urgent measures’ to support indie high street businesses
New research cited by the British Independent Retailers Association (Bira) has suggested worrying developments in labour-intensive sectors, with retail said to be “among the worst-hit industries last year”. According to data acquired by the organisation and initially formulated by law firm Shakespeare Martineau, hospitality also accounted for 10...
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Mulberry group finance director to resign
Charles Anderson, group finance director at Mulberry, has announced his intention to resign from the British luxury brand. He will step down from the board with effect from 31 January 2025, but will remain in a supportive role until 1 August to assist with the handover and transition. In a regulatory filing, Mulberry said that its board has...
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Lilysilk opens first concept store in New York
Silk lifestyle label Lilysilk has unveiled its first-ever concept store in New York’s Meatpacking District, designed to offer “consumers a way to experience the brand in real life”. Located at 654 Hudson Street, the store intends to mirror Lilysilk’s “clean aesthetic”, with the interior, created by interior design company ViaClover,...
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Quiz reportedly mulling widespread store closures
Fast fashion retailer Quiz is believed to be considering closing up to a third of its store estate as it continues to seek ways to cut costs. This is according to The Telegraph, which reported that Quiz had enlisted advisory firm Teneo to explore its options, with a pre-pack administration or company voluntary arrangement (CVA) said to be among...
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In Pictures: David Koma debuts first collection for Blumarine
The first Blumarine collection under the brand’s new creative director, David Koma, has officially been revealed. For the autumn/winter 2025 pre-collection, Koma brought the brand into its next chapter, diving into a cross-generational Milanese wardrobe. At the crux of the line is Blumarine’s signature femininity, a value that was prominent...
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Dior to hold autumn 2025 show in Kyoto, Japan
French luxury house Dior has revealed Kyoto, Japan, to be the location of its next destination show. The city’s garden of Toji will be host to the event, which is scheduled to take place April 15, 2025. Intended as a celebration of the house’s “strong ties with Japan”, the runway will be a showcase of Dior’s autumn 2025 collection by creative...
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