The UK fashion industry is on notice. The government is launching a major initiative to crack down on workplace abuse, with particular attention to garment production, in a bid to improve and protect workers’ rights.
While the big news around the Arcadia sell-off was all about the sale of its star brands, a number of assets remain and those interested in buying the final intellectual property assets don’t have long to make an offer.
Boohoo is continuing its self-cleansing process. The online fast fashion retailer has launched a new clothing range made from recycled plastic and published its ‘Ready For The Future’ commitment to sustainability.
E-tail giant Zalando swung to a profit in Q1 and is expecting general merchandise value growth of up to 36% this financial year after a stellar start to 2021 in which GMV grew as much as 55.6% to €3.2 billion.
Debenhams will exit the UK high street for good on May 15 as the administrators close its remaining stores. The closures will end more than 200 years in which the company has been a major name in UK retail.
One of the most distinctive landmarks in central London retail is up for sale. The former Topshop flagship on Oxford Circus, the jewel in crown of the dismantled Arcadia Group empire, is valued at around £420 million.