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Regent Street landlord Crown Estate hangs on to cash to survive the pandemic
The Crown Estate, like other major landlords, is aiming to conserve as much cash as it possibly can and has delayed the payment of its annual income to the Treasury in the face of a shortfall in rent payments.
Fashion
Retail
Marimekko issues improved guidance, but uncertainty remins
Finnish textiles-to-fashion firm Marimekko has updated its guidance saying net sales will be lower for the full year while comparable operating profit could be at a similar level to last year, but might also be lower.
Fashion
Business
Aspinal of London CVA to mean store closures
Aspinal of London is the latest British retailer to launch a CVA proposal as the effects of a pandemic have made its current business model unviable.
Fashion
Retail
Rent the Runway cuts unlimited membership plan
The designer clothing rental service has announced that it is discontinuing its unlimited membership in favor of a new pricing structure allowing subscribers to rent four, eight or 16 pieces a month.
Fashion
Business
Design
Raf Simons to show debut signature women’s collections on October 23
Raf Simons has announced plans to show his signature collections next month, when the Belgian designer will finally debut a women’s collection some two and a half decades after launching his own label.
Fashion
Catwalks
BFC creates diversity and inclusion committee
The British Fashion Council is stepping up its efforts to fight prejudice and discrimination.
Fashion
Design
Retail entrepreneur Claudio Antonioli acquires Ann Demeulemeester
Italian fashion entrepreneur Claudio Antonioli has acquired Antwerp-based Ann Demeulemeester. The designer, who exited her label in 2013, welcomed the news that the New Guards Group co-founder has taken control.
Fashion
Design
Arkadiusz Likus on creating Poland’s most fashionable shopping destination
A decade ago, Arkadiusz Likus opened Vitkac, realizing a dream – launching Warsaw’s one and only truly fashionable department store. And he honed his game plan from a famed fashion executive, the late Yves Carcelle.
Fashion
Design
Appointments
Chanel names Agathe Derain head of human rights
The French luxury house has promoted Agathe Derain, previously the responsible sourcing director for the brand's fragrance and beauty division, to a newly created role dedicated to human rights.
Fashion
Appointments
Global-e gets key new exec from Boden, links with Never Fully Dressed
Cross-border e-commerce specialist Global-e has named a former Boden exec as its VP of Business Development and has also signed up Never Fully Dressed to its platform.
Fashion
Appointments
Valentino continues its executive restructuring
Italian luxury brand Valentino, led by new CEO Jacopo Venturini since June, is making new strategic appointments, entrusting the Americas region to Laurent Bergamo, and the Middle East to Simone Bertolini.
Luxury
Appointments
Bestseller names journalist as new comms chief
Fashion giant Bestseller has named Niels Christian Jung as its new Communication Manager. The journalist and documentary filmmaker will join on October 1 and will report directly to company chief Anders Holch Povlsen.
Fashion
Appointments
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