Topshop on the block: Meet the runners and riders… October 30, 2023 Asos bought Topshop and a number of its sister brands such as Topman and Miss Selfridges for £265m back in 2021 after Arcadia plunged into administration.
Ex Ted Baker boss joins Ocado as Amazon takeover rumours swirl June 27, 2023 The former boss of British fashion brand Ted Baker will join Ocado as rumours swirl about a possible takeover bid. Rachel Osborne stepped down from her role as head of the British fashion brand earlier this month, with a number of other senior board members after Ted Baker was acquired by Authentic Brands for £211m [...]
Ted Baker owner exploring UK store closures to reduce costs February 4, 2024 The US owner of fashion chain Ted Baker is reportedly considering a major cost-cutting plan that could see job losses and store closures.
Ted Baker: 245 jobs and 15 stores including London Bridge slashed by administrators April 8, 2024 Over 200 jobs and 15 Ted Baker stores have been terminated as part of its administrative process, in another blow to high street.
Could Asos be set to offload Topshop? October 28, 2023 Asos, the ailing online fashion retailer, is exploring a sale of Topshop, less than three years after it acquired the high street brand from Philip Green’s collapsed Arcadia empire. Notice of the sale could be announced as soon as Wednesday in conjunction with the digital retailers full year results, which Asos said have been pushed [...]
Gambling giant 888 admits defeat in war for US gamblers March 6, 2024 888 operates SI-branded gambling sites in the US but has admitted profit margins are too low across the Atlantic
Ted Baker shares lift after reports Reebok owner could clinch £300m takeover May 30, 2022 Ted Baker shares have swelled after it was reported that Reebok owner Authentic Brands may win a takeover battle for the fashion chain. Shares were up by as much as 3.1 per cent in early trading on Monday. This followed a report by Sky News that Ted Baker was eager for Authentic Brands – which [...]
David Beckham’s business empire sees revenue more than double, but losses continue to mount for wife Victoria’s firm December 29, 2023 David Beckham netted more than £70m in revenue through his business empire last year but his wife Victoria’s fashion firm required millions in cash injections to stay afloat, new accounts have shown.
Retail: Insolvencies expected to ‘uptick’ as market consolidates amid Superdry and Ted Baker trouble February 12, 2024 Less than two months into 2024 and six UK retailers have already gone bust, with a further two warning they may fall into trouble, as experts warn the market will “continue to see an uptick in insolvencies”. According to figures from Centre of Retail Research, over 400 job roles have been impacted by retailers shutting [...]
Shein is plotting world domination, should UK retailers be worried? November 2, 2023 It is expected that Shein’s chokehold on shoppers will get even greater after acquiring its first UK company earlier this week.