Philip Green’s fashion empire Arcadia Group on Tuesday said it received applications from legal entities of U.S.-based property group Vornado challenging two of its seven planned Company Voluntary Agreements (CVAs).
On Monday, the employee representatives of New Look France approved a €2.5 million job protection plan with the liquidator, while an extra €1 million in outplacement assistance will come from the French Labour Ministry.
Superdry has appointed former finance heads of M&S and New Look to its board, months after the retailer's founder Julian Dunkerton rejoined after a bruising boardroom battle that saw most of its directors leave.
Retail landlords are becoming more and more demanding over the terms of retailer CVAs and it's easy to see why given news that major landlords recorded write-downs of £2.7bn on their properties last year
It’s fashion retailer New Look’s 50th anniversary year and while it isn’t quite where it would have wanted to be as it hits its half-century, it does seem to be getting back on track after a very bruising few years.
The fashion discovery platform announced on Tuesday that it has hired Ming Yang as its first managing director of China, signaling its official entry into the market and the start of an ambitious expansion plan.
At a hearing on Monday, the administrators looking after New Look France, which filed for receivership in March, asked the Paris trade court to liquidate the company swiftly, in the absence of credible buyers.