
Demand for plus size fashion is soaring. That’s according to category specialist Very Group and is the reason why the UK-based digital retailer is set to expand on its already 90-brand plus size offer even further.
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Demand for plus size fashion is soaring. That’s according to category specialist Very Group and is the reason why the UK-based digital retailer is set to expand on its already 90-brand plus size offer even further.
City Chic Collective has continued its acquisition spree, buying Germany-based Navabi, the plus-size label that’s sold in its domestic market as well as in the UK and France.
Boohoo has concluded a deal to buy the remaining Arcadia brands that hadn’t been take over by ASOS and City Chic. It’s paying £25.2m to acquire the three “British heritage brands” out of administration.
There's a new frontrunner in the race to buy Topshop, Topman and Miss Selfridge with Asos being suggested as the lead contender on Saturday evening, which could mean the chances of saving any stores are slim.
More bad news for Arcadia staff came on Tuesday as it emerged that the company’s administrators are closing the 21-store Outfit chain along with 10 other shops.
Activity around the break-up of the Arcadia fashion retail empire is continuing and while the sale of Evans is the only firm development so far, it has emerged that the heavily mortgaged Topshop flagship is up for sale.
Plus-size brand Evans is the first of Arcadia’s portfolio of labels to be sold with Australia’s City Chic Collective paying just £23 million for it.
Noni B will become the biggest women’s fashion retailer in Australia after it buys the Katies, Millers, Crossroads, Autograph and Rivers brands for A$31 million from local retail peer Specialty.
The beleaguered Australian fashion retail sector was in the spotlight on Thursday as struggling Specialty Fashion Group said it’s in buyout talks.
Two major pieces of news this week have underlined the challenges facing Australian retail as Amazon makes its official debut and the owner of Australian fashion chains Katies, Millers and Rivers is to close 300 stores.