United Kingdom
Asos shares rise on reports of a takeover bid by Alibaba-backed Turkish rival
This news came after the fast fashion retailer's downgrade from London's FTSE 250 index of mid-sized companies, which reflects its declining performance in the post-pandemic period
Dr Martens reaches revenue milestone
The UK-based brand achieved 1 billion British pounds in revenue during fiscal 2023, highlighting the good performances in the EMEA and Japan, but a weaker result in the American region
Burberry appoints Alexandra McCauley as Chief People Officer
Joining from the luxury fashion brand Chanel, Alexandra McCauley will manage Burberry’s People strategy globally. She will join the company’s Executive Committee while reporting directly to Burberry CEO Jonathan Akeroyd
JD Sports appoints Dominic Platt CFO
British sportswear retailer JD Sports Fashion has appointed Dominic Platt as its Chief Financial Officer, replacing Neil Greenhalgh who is stepping down in the summer after four years in the role
Authentic Brands Group eyeing Hunter Boots
New York-based ABG, the owner of Reebok and Ted Baker, is one of the possible bidders for Hunter Boots, the Wellington boots specialists
JD Sports delivers solid performance
According to the group's latest update on fiscal 2023, the UK-based retailer saw its revenue and profit before tax and adjusting items grow year-over-year despite supply chain challenges
Farfetch announces first quarter results
The UK-based luxury online retailer posted an 8.1% revenue growth in the first quarter of 2023, as compared to the same period of last year, but a profit loss of 174.3 million US dollars
JD Sports set to purchase Groupe Courir
The UK-based retailer announced that it plans to acquire the French Groupe Courir for an enterprise value of 520 million euros as part of the previously outlined growth strategy
Farfetch launches Reebok's partnership
The luxury online retailer has commercially launched the previously announced partnership with Reebok to run the brand's European e-commerce sites and its wholesale distribution
UK-listed retailers' profit warnings fall to the lowest quarterly total since 2020
In the first quarter of 2023, UK-listed retailers' profit warnings fell to the lowest quarterly total since 2020, but “persistent inflation, high-interest rates and tightening consumer spending” continue to challenge the sector
Primark posts strong first half
The fashion retailer, owned by Associated British Foods, reported that in the 24 weeks to March 2023, its revenue increased by 19%, as compared to the same period last year
JD Sports appoints two non-executive directors
The UK-based retailer has announced that Angela Luger and Darren Shapland will become the newest company's non-executive directors, effective as of the 1st of June
JD Sports appoints first Global Managing Director
The UK-based retailer has appointed Michael Armstrong to the newly-created role of Global Managing Director. He is expected to further help drive the group's growth
Farfetch names new Chief Marketing Officer
The luxury e-tailer has appointed Nick Tran as its new Chief Marketing Officer. He brings to the role his expertise in engaging with Gen Z and Millennial customers at TikTok, Taco Bell, Samsung, and Hulu
Dr. Martens lowers full year profit guidance
The iconic British brand has lowered its FY 23 profit outlook due to costs associated with resolving operational issues at its LA distribution centre, as well as a decline in wholesale revenue-
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