Sears Holdings Corp would have to sell more real estate and restructure its debt, Chief Executive Officer Eddie Lampert’s hedge fund said in a regulatory filing, as the retailer looks to avoid bankruptcy.
Just one week after the Spanish luxury label’s last fashion show, in London, it has confirmed the departure of its head creative, Catalan designer Josep Font, its creative director for the past six years.
Joseph named not just a new Creative Director but a new Chief Executive too on Monday. The contemporary luxury brand announced the appointment of Susana Clayton as its creative chief and Barbara Campos as CEO.
U.S. fashion group Michael Kors Holdings has sealed an agreement to take control of Italy's Versace, three sources familiar with the matter said on Monday, adding that an official announcement would be made this week.
Farfetch’s IPO has been a success with its shares surging on Friday. And while investor enthusiasm can wane after the early burst of interest in headline-making IPOs, one shareholder looks to be in it for the long term.
A major credit insurer has cut the cover it will give for Arcadia suppliers with Euler Hermes reportedly writing to clients in the past fortnight as the fashion sector sees a wave of credit insurance cuts.