As criticism mounts over some fashion retailers cancelling orders and not paying suppliers, Uniqlo owner Fast Retailing has said that it has a robust program in place to ensure suppliers get the money they’re owed.
Uniqlo has had some tough months in recent periods with the weather not playing ball. But the Fast Retailing-owned company said on Tuesday that it was in positive territory in its core Japanese stores, in February.
Faced with the retail sector’s troubles and the need for the French department store group to transform itself, the supervisory board has decided to end Le Printemps’ collaboration with Paolo de Cesare, CEO since 2007.
One of the most interesting and impressive retail developments in the UK in recent years, Battersea Power Station, is edging closer to completion with Hugo Boss, Uniqlo and major beauty names taking space there.