Topshop owner Arcadia is reportedly in urgent talks to secure fresh funding in order to stay afloat. That's according to a weekend report that said the group has approached lenders about borrowing roughly £30m".
Debenhams may be under huge pressure at the moment as the hunt for new owners goes on, but the business-as-usual work of operating the retailer continues and that means the launch of its Christmas campaign.
John Lewis has won the planning permission it wanted to allow it to convert almost half of its Oxford Street, London, flagship store into office space as part of its new strategy to return to sustainable profits.
Frasers Group is continuing its acquisition spree among distressed brands in the UK and while it’s reported to be interested in Debenhams, the company is also said to be looking at Jaeger, Austin Reed and Jacques Vert.