Author: Scott Dylan

Champion has launched a permanent concession at Selfridges London, showcasing a high-end product range.This new space is part of Selfridges’ summer sports celebration on the third floor’s Designer Studio.The launch features exclusive items inspired by Champion’s rich archives, including limited editions.Unique artwork patches by artist CurrieGOAT allow for personalised branding on select products.Champion’s takeover of Selfridges’ bar in July and August will transform it into a sports-themed venue.Champion, an iconic US sportswear brand, has introduced a permanent concession at London’s Selfridges. Located on the Designer Studio’s third floor, the concession aligns with Selfridges’ seasonal festival celebrating sports. The newly launched…

H&M Group, the Swedish fashion giant, shows a slight increase in revenue for the second quarter.Net sales for H&M Group rose by 3% to SEK 59.6bn (£4.5bn) year-on-year.A significant 50% rise in operating profit was noted, reaching SEK 7.1bn (£530m).Despite the positive second quarter, June sales are expected to decline by 6% due to adverse weather conditions.CEO Daniel Ervér expresses optimism for continued growth with strategic investments planned.H&M Group has announced a modest 3% increase in net sales for the second quarter, ending at SEK 59.6bn (£4.5bn) year-on-year. This highlights their capacity for growth amid challenging market conditions.The group’s gross…

Womenswear retailer Quiz has successfully renewed its £4 million bank facility amidst a challenging trading environment, reflecting ongoing financial resilience.From 1 April to 31 May, revenues dropped by 11% compared to the same period last year, aligning with expectations amidst cost-of-living pressures.The company’s UK online sales have been significantly impacted, although international demand has shown a promising 12% growth.Recent strategic initiatives include a partnership with Debenhams.com and a flagship store opening in Manchester, aimed at boosting consumer engagement.Quiz remains focused on refreshing its brand identity with enhanced marketing to appeal to a broader audience.Womenswear retailer Quiz has strategically extended its…

Luxury fashion retailer Matches is closing its website and remaining stores after being placed into administration by Frasers Group three months ago.The website will cease operations at midnight on 30 June, with a remaining stock clearance sale ongoing.Stores in Marylebone and Wimbledon are also closing following the shutdown of the Mayfair location last month.Matches was acquired by Frasers Group in March for £52 million, excluding its £83 million worth of stock and staff.Despite retaining some staff to handle the final sales, the company’s future remains uncertain as its intellectual property has been acquired by Frasers.Luxury fashion retailer Matches will soon…

The acquisition of Coggles by the Frasers Group marks a significant shift in the luxury ecommerce industry, raising questions about the future of premium brands.Frasers Group’s acquisition includes THG’s luxury goods websites and the integration of its own platform, reflecting its ongoing strategy towards more premium brands.THG’s focus on its nutrition and beauty divisions prompted the sale of its luxury wing, including Coggles, amid a broader market realignment.Industry experts express concerns and optimism about Coggles’ future within Frasers’ growing luxury portfolio and its impact on small independent brands.The consolidation of luxury ecommerce platforms could benefit existing players while opening opportunities…

Fashion retailers face new challenges due to geopolitical tensions and sustainability laws.The Drapers Supply Chain Summit will unite industry leaders to address these issues.Speakers include representatives from AllSaints, Harrods, Lacoste, and more.The event, held on 3 July in London, includes a networking dinner.Attendees will comprise about 50 key players in fashion retail operations.The fashion retail industry is feeling the pressure from an increasingly unstable geopolitical climate and the rise of stringent global sustainability laws. As a response, the upcoming Drapers Supply Chain Summit aims to bring together the industry’s leading operational minds to tackle these pressing issues.Scheduled for 3 July…

Dominic Chappell has been mandated by the High Court to repay at least £50 million regarding losses suffered by BHS prior to its 2016 collapse.The High Court determined that Chappell sought to exploit BHS financially, resulting in significant detriment to the company.Chappell acquired BHS for £1 from Sir Phillip Green without securing sustainable capital or any viable prospects.Subsequent financial strategies by Chappell were unsustainable, relying heavily on costly loans.Chappell shares responsibility for 50% of the losses suffered due to his financial mismanagement.The High Court has issued a decisive ruling requiring Dominic Chappell to repay a minimum of £50 million to…

Scotch & Soda has successfully reopened its Carnaby Street store after a period of closure.The store was closed for almost a year after the company faced bankruptcy challenges.Bluestar Alliance, based in New York, acquired the brand, facilitating the relaunch.The relaunch marks a new chapter for the brand, focusing on offering a refreshed shopping experience.Scotch & Soda’s wider global presence includes 224 stores and shipping to over 70 countries.In a recent development, Scotch & Soda, an Amsterdam-based fashion label, has reopened its store on Carnaby Street, a popular retail location that the company has occupied since August 2013. This reopening follows…

Hay Life, a promising new fashion brand, has made significant strides in the retail sector.The brand was founded by Ryan Llewellyn-Pace, formerly of Barbour.Hay Life has established wholesale partnerships with Next and John Lewis.The brand is available to rent through John Lewis’s platform and will be sold on Next’s website.A focus on sustainability is evident through collaboration with Sojo for repairs and alterations.Hay Life, an emerging unisex fashion label, is making its mark in the retail industry through strategic partnerships with leading retailers. Founded by Ryan Llewellyn-Pace, the brand has secured its first major stockists, marking a pivotal step in…

Volkswagen has announced a significant investment of up to $5 billion in Rivian. This strategic move is aimed at establishing a joint venture to bolster both companies’ positions in the burgeoning electric vehicle (EV) market.This partnership will enable technology sharing, which is expected to drive innovation and competitiveness. Following the announcement, Rivian’s shares witnessed a substantial surge, reflecting investor enthusiasm.Significant Financial CommitmentVolkswagen will initially invest $1 billion into Rivian, with an additional $4 billion slated by 2026. This major financial commitment underscores the German automaker’s intent to capture a larger share of the EV market, which is currently dominated by…