The “optimisation” of the French inventory clearance specialist's “geographical footprint,” announced after the recent share capital increase, is under way in Germany, Poland and the UK, sources told FashionNetwork.com.
Dirk-Jan Stoppelenburg, the CEO of Scotch & Soda, is planning to step down as chief executive and take a new role as chairman of the board. He will continue to lead the brand until a successor is appointed.
Fresh from announcing plans to launch its COS chain in Iceland later this year, Swedish fashion retail giant H&M has just said that it will debut its Scandinavian women’s fashion brand Monki in the country as well.
Paris Fashion Week Men's: Having been put on hold at the end of 2017, Rochas menswear is back this season with Florentine designer Federico Curradi, swapping some of its urban chic for a boho intellectual mood.
Topshop owner Arcadia could reportedly close 100 locations in its vast stores empire as leases on the shops come to an end by late 2020. That would follow more than 200 closures that have happened since 2016.
Sears’ unsecured creditors have filed an objection to the deal proposed by chairman Eddie Lampert to save the bankrupt retailer, claiming its failure was “precipitated by years of years of misconduct” by the executive.