Mulberry widens losses after taking £2.1m hit on House of Fraser collapse November 7, 2018 Luxury handbag maker Mulberry widened losses in the first six months of the year following the collapse of House of Fraser. The figures Total revenue for the six months to the end of September was £68.3m, eight per cent down on the previous year. It reported an underlying pre-tax loss of £3.6m, compared with a [...]
Trimley Lodge review: Spend a long weekend at this beautifully restored farmhouse on the Suffolk coast September 24, 2018 Unless you’re a particular fan of maritime trade logistics, the town of Felixstowe is unlikely to be high up on your list of places to visit before you die. It is, to the unending pride of locals, the UK’s largest shipping container port, and boasts waters deep enough to accommodate the latest generation of [...]
Philip Day’s Edinburgh Woollen Mill Group ends business with House of Fraser September 5, 2018 The Edinburgh Woollen Mill Group has ended business with House of Fraser due to lack of confidence in the business's future. The company, owned by retail tycoon Philip Day, said it had not been able to agree future trading terms with new owners Sports direct. Concessions for EWM's brands including Jaeger and Jacques Vert closed [...]
Two House of Fraser distribution centres have reopened August 24, 2018 Two of House of Fraser's distribution centres have re-opened after a dispute with its logistics provider resulted in customer orders being cancelled. The sites in Wellingborough and Milton Keynes have re-opened today, Drapers reported. This follows a weeks-long standoff with XPO Logistics, which owns and operates the warehouses. Earlier this week, The Times reported that Mike [...]
Sports Direct saves House of Fraser Oxford Street from closure August 21, 2018 House of Fraser's flagship branch on Oxford Street has been saved from closure after new owners Sports Direct pledged to keep the store open. The site was one of 31 slated for closure under a company voluntary arrangement (CVA) which was passed earlier this year. But the restructuring plans were rendered void when House of [...]
Mulberry shares plummet on cost of House of Fraser collapse August 20, 2018 Shares in Mulberry plummeted as much as 30 per cent this morning as it said that the restructuring of House of Fraser could cost it around £3m. The luxury leather goods brand, which operates 21 concessions in HoF stores, said that sales in the department stores had been particularly hard-hit by challenging retail conditions in [...]
House of Fraser owed millions to major brands before collapse August 18, 2018 House of Fraser racked up debts of almost £500m in the run-up to its collapse, owing major designer brands such as Gucci, Armani and Mulberry. Administrators Ernst & Young (EY) have reported that the chain’s creditors are owed sums totalling hundreds of millions of pounds, with more than 1,000 suppliers set to be out of [...]
New Homes: What’s going on sale this week in London August 10, 2018 Landmark Pinnacle, Canary Wharf From £542,750 You’ll be breaking records by buying an apartment in this 75 storey skyscraper, which claims to be the tallest residential tower in London. It also has the highest residential gym, roof terrace and a landscaped garden square halfway up. These are the last homes to go on sale, [...]
Former Kingfisher CEO Gerry Murphy to replace Sir John Peace as next Burberry chairman April 13, 2018 Former Kingfisher boss Gerry Murphy will be the next chairman of Burberry. Shares in the FTSE 100 fashion label were up 1.3 per cent just after lunchtime after Burberry confirmed a Sky News report revealing the appointment. Murphy will replace Sir John Peace, who took Burberry onto the stock market as chairman in 2002. He [...]
London Fashion Week 2018: Why do brands still hold catwalk shows in a digital age? February 19, 2018 You might be hard-pressed to identify anyone sat on the front row at Mulberry’s spring/summer fashion show last Friday. Once the reserve of top buyers and the fashion press elite, the front row has undergone a revolution in the past decade. Actresses and models sat shoulder to shoulder with a new breed of fashion VIP: [...]