Emmanuel Macron fêted fashion creativity with a gilded dinner inside the Élysée Palace on Monday night, praising the imaginative foreign elements in the industry, but picking out Jean-Paul Gaultier for special praise.
TJ Hughes is ready to appoint administrators for its outlet business with a report at the weekend saying eight stores will be included in the filing. The represent a “small number” of its total stores across the UK.
With its new CEO and short-term funding in place, Laura Ashley has released a weak set of results with losses increasing and even e-tail sales dropping. But the firm is upbeat and sees international opportunities ahead.
Hong Kong retail sales are expected to post their steepest fall on record in January at around 30%, while tourist arrivals in February fell to under 3,000 a day on average, from around 100,000 in January.
Laura Ashley issued an unexpected update on Monday along with a “response to press speculation”. The retailer said trading in the current financial year “has continued to be challenging” and it's in talks about funding.
Stockmann is forging ahead with its transformation plans and while the signature department store chain is loss-making and the market is tough, the firm is upbeat on its prospects and of those of the more buoyant Lindex.
Marimekko was in an upbeat mood Thursday as it delivered a “strong” set of results for the year ending December 31. It was boosted by a flourish in the final quarter on strong Holiday numbers and international traction.
Valentine’s Day is set to be worth just over £1 billion in revenue this year in Britain, a minimal 0.6% rise on last year and actually a fall if inflation is taken into account, GlobalData said on Wednesday.