The Competition and Markets Authority (CMA) in the United Kingdom confirmed Wednesday that the proposed merger between J Sainsbury plc and Asda Group Ltd. is being referred for an in-depth Phase 2 investigation. CMA noted that the deal raises sufficient concerns through its Phase 1 investigation for […]

L-Gam Advisors Sarl, a Luxembourg-based investment company established in partnership with the Princely Family of Liechtenstein, has acquired majority stake in Woolrich International. The company said in a statement that this new agreement with L-Gam, a long-term oriented investment company, gives further […]

Shop Direct, operator of multi-category stores,, and, in its full-year results statement for the 52 weeks ended June 30, 2018 said that the group revenue grew 1.5 percent to 1,958.8 million pounds (2,578 million dollars) in a challenging […]

Zalando SE has announced that as extended and unusually hot summer period and a delayed switch to the fall/winter season weigh on revenue growth and adjusted EBIT, the company is revising its guidance for 2018. For the fiscal year 2018, Zalando now expects revenue growth around the low end of its 20-25 […]

The leading payment provider Klarna Bank AB has confirmed that it is acquiring Close Brothers Retail Finance (CBRF) to “significantly strengthen” its position in the UK market for retail financing and to enable it to accelerated growth and expansion of its consumer offering. Michael Rouse, chief commercial […]

Artémis, French billionaire François Pinault’s family holding company, has acquired 100 percent stake in Courrèges from 40 percent, it held earlier, reports WWD, quoting sources familiar with the development. The report added that Artémis claimed the controlling stake from Jacques Bungert and Frédéric […]

Total sales at John Lewis & Partners, for the week ended September 16, 2018, were down 4.3 percent. The company said in a statement that warmer weather compared to the same period last year had an impact on sales of cold weather products. Style sales during the week were down 0.8 percent. However, […]

Esprit Holdings Limited in its annual financial results for the year ended June 30, 2018, said that revenue of the group amounted to 15,455 million Hong Kong dollars (1,970 million dollars) representing a decline of 11.1 percent in local currency. The company said, decline in Hong Kong dollar terms […]

If ever proof was needed that there is no hard and fast rule to business success, then Gandys is arguably a case in point. The company was founded in 2012 by brothers Rob and Paul Forkan who have thrown the rule books of how to set up and run a fashion business out of the window and are demonstrating […]

Spanish children's fashion firm Pili Carrera has voluntarily entered administration – ‘voluntary bankruptcy request’ according to the Spanish system – as it failed to meet "the obligations contracted within the agreed deadlines," the company said in a statement. In a statement issued on September, 14 […]