Lime Crime founder Doe Deere took to Instagram to assure her fans that she will keep an active role in the company and that it will remain true to its roots despite being bought out by Tengram Capital Partners.
Luxury handbag maker Hermes International expects first-half operating profits close to the record level reached last year, as Hermes posted solid second quarter sales that augured well for the rest of the luxury sector.
Steinhoff said on Thursday that around 90% of creditors for several subsidiaries supported an agreement to hold off debt claims for three years, an important step in restructuring the scandal-hit South African retailer.
Burberry is under attack over its strategy for disposing of surplus stock with criticism similar to that faced by H&M, showing that it's not only the mass-market that destroys unsold goods rather than recycling them.
A big hit from Debenhams' problems dented the bottom line at Sports Direct in the latest year but the company said its elevation strategy is on course and its premium fashion ops, including Flannels, were stronger.
Steinhoff extended for a second time on Wednesday the “early bird fee” deadline for creditors to sign a three-year agreement to hold off their debt claims, as the South African retailer battles to stay afloat.