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Westfield owner URW is cautiously optimistic as Europe bounces back

Westfield owner URW is cautiously optimistic as Europe bounces back

Unibail Rodamco Westfield has reported H1 results and continued to see “significant Covid-19-related disruption” in the first six months. But it also highlighted its ongoing “resilience in tough operating conditions”.
Fashion
Selfridges is up for sale, offers over £4bn sought

Selfridges is up for sale, offers over £4bn sought

Selfridges is for sale with a formal auction process about to start. It hasn’t been announced by its owners, the Westons, but a news report said Credit Suisse will be canvassing prospective buyers “imminently”.
Luxury
MySale's shift to marketplace platform delivers results

MySale's shift to marketplace platform delivers results

Big operational changes at MySale have borne fruit. The online fashion and lifestyle retailer's shift to an Australia/New Zealand focus while scaling the business to a new marketplace seller platform has worked well.
Fashion
Next smashes forecasts as Q2 sales surge

Next smashes forecasts as Q2 sales surge

​Fast-growing fashion retail giant Next said on Wednesday that it had easily beaten its own expectations for full-price sales, with the last 11 weeks seeing an 18.6% surge compared to the same period in 2019.
Fashion
LVMH to buy 60% stake in Off-White, Abloh to expand role in the group

LVMH to buy 60% stake in Off-White, Abloh to expand role in the group

​In a month that's shaping up to be huge as far as luxury deals are concerned, the latest news is that LVMH is boosting its stake in Off-White. Virgil Abloh's streetwear label will now be 60% owned by the French giant. 
Luxury
LVMH-backed fund to buy majority stake in Italian luxe label Etro

LVMH-backed fund to buy majority stake in Italian luxe label Etro

​Etro is looking to future-proof its business and has revealed a “strategic partnership” with L Catterton Europe that it said will be the “start of a new phase of growth”
Luxury
Very Group ponders spring IPO or sale - report

Very Group ponders spring IPO or sale - report

UK online retail group Very could be in line for a stock market listing. Its private owners in the Barclay family are reportedly considering a possible flotation or sale of the business early in 2022.
Fashion
Liberty hit hard by flagship Covid closure, but online booms

Liberty hit hard by flagship Covid closure, but online booms

Department store Liberty has filed its results for the year to the end of January and said that it was "significantly impacted" by the three separate Covid lockdown in the UK that dented footfall to its London flagship.
Fashion
Karl Lagerfeld to open Marbella luxury villa estate in 2021

Karl Lagerfeld to open Marbella luxury villa estate in 2021

The house of Karl Lagerfeld is to open a luxury villa estate named Karl Lagerfeld Villas Marbellas by end 2021 in a deal with Sierra Bianca Estates.
Luxury
Boohoo and Alshaya in Middle East multichannel deal for Debenhams

Boohoo and Alshaya in Middle East multichannel deal for Debenhams

​Boohoo Group has signed a partnership deal with Alshaya Group to build on the presence of Debenhams in the Middle East and also take other brands in its portfolio to the region via stores rather than just online. 
Fashion
Qurate Retail names next president and CEO

Qurate Retail names next president and CEO

The Englewood, Colorado-based parent company of retail platforms including QVC and HSN announced on Tuesday that David Rawlinson II will be joining the group as president and CEO on October 1, 2021.
Fashion
Paul Smith swings to loss as Covid dents sales

Paul Smith swings to loss as Covid dents sales

Paul Smith Group Holdings, the company that owns the Paul Smith trademarks, has filed its annual results for the year to June 30 2020 and said that the final quarter of that year was hit hard by the pandemic.
Luxury
Hermès reopens upsized Milan flagship

Hermès reopens upsized Milan flagship

​Hermès reopened its via Montenapoleone store in Milan on July 9 and said it starts a “a new chapter in the history that has linked Italy to the French house since 1987”.
Luxury
​Fashion shines in June supported by steady online demand - BDO

​Fashion shines in June supported by steady online demand - BDO

Positive news for UK fashion retailers on Friday. Total like-for-like fashion sales skyrocketed 73.7% in June, albeit from a base of -20.9% for June last year, bolstered in part by steady spending online.
Fashion
Out-of-stock still a big issue for retailers, erodes customer loyalty

Out-of-stock still a big issue for retailers, erodes customer loyalty

As the pandemic caused major disruption in 2020 and early 2021, out of stock messages were frequent. But while they’ve become rarer recently, non-availability of the goods that customers want to buy is still a problem.
Fashion
URW to rebrand six European malls as Westfield

URW to rebrand six European malls as Westfield

​The Westfield name is going to be much better known in Europe from September with malls giant Unibail-Rodamco-Westfield (URW) set to rebrand six of its locations in four markets on the continent as Westfield only.
Fashion