Value retail giant Primark is going from strength to strength we learned Thursday morning as parent company Associated British Foods issued an upbeat trading update. Its UK stores are strong, as is Italy and the US.
New Look has named a new Chief Creative Officer to replace Roger Wightman. Paula Dumont López is currently Senior Vice-President/Head of Esprit Women. She will join in September and will sit on the board.
The Dolphin shopping centre in Poole, the largest covered mall in Dorset, will benefit from a £26 million upgrade spend after its owner and the local authority agreed a deal that will also see new retail stores added.
Apax Partners seems to be the frontrunner to buy fashion and GM e-tail giant Shop Direct, yet it’s still not a one-horse race with US private equity firm Hellman and Friedman also reported to have entered the fray.
Sweden's H&M reported slower than expected sales in May, the latest in a string of soft sales numbers from the world's second biggest fashion retailer, and said it had faced tough conditions in many of its markets.