Feedback
A pioneer B2B media and publication platform connecting with Fashion Brands & Retail in India
 

Nearly 5,000 jobs at EVM Retailing at Stake

  

Nearly 5,000 jobs are at risk after EVM Retailing, the owner of British fashion chains Peacocks and Jaeger failed to find a buyer for the troubled businesses The two chains, have been put into a form of bankruptcy protection after a two-week deadline to find a buyer passed.

The deterioration of the retail sector during the current, second lockdown in England had made the sale process "more complex" than hoped. During the lockdown, which is due to last until December 2, all shops selling items deemed as non-essential, such as clothes and books, have been required to close.

As a result, the spokesperson said the company could no longer extend a so-called standstill arrangement that Britain's High Court first imposed six weeks ago and allows the chains to carry on doing business.

The administrators put in charge of the chains remain hopeful that a deal can be secured.

LATEST TOP NEWS
  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10

Second wave threatens post-festive demand for apparels

Second wave threatens post-festive demand for apparels

    As the second wave of COVID-19 threatens to devastate India’s top cities, consumer goods manufacturers are closely monitoring its impact on post-festive demand. Retailers of apparel, electronics and packaged consumer... Read more

Required: An urgent resizing of Indian sizing charts

Required: An urgent resizing of Indian sizing charts

    In January this year, the Kerala government introduced a ‘fat tax,’ on certain food types not suitable for consumption. The tax aims to curb consumption of unhealthy foods in India.... Read more

Apparel industry celebrates a lackluster Diwali as companies shy away from bonus…

Apparel industry celebrates a lackluster Diwali as companies shy away from bonuses

     For the Indian apparel industry, Diwali was not a fun affair as it used to be till last year. As per Apparel Resources, around 40 to 45 per cent factories... Read more

Consumer confidence to boost spending across categories: McKinsey

Consumer confidence to boost spending across categories: McKinsey

     As per a new McKinsey survey, Indian consumers’ newfound optimism would result in increased spending across categories in the months to come. The survey found most consumers have been trading... Read more

Retail sales expected to increase: Indian Terrain

Retail sales expected to increase: Indian Terrain

     In a recent media interview with exchange4media.com, Charan Narsimhan, Managing Director, Indian Terrain has said, he expects the retail industry to improve slowly and with the festive season, sales are... Read more

Puma to expand store network in India

Puma to expand store network in India

     Sportswear brand Puma plans to open around 10 brick-and-mortar stores in India in the coming 45 days as well as a number of shop-in-shops, reports Fashion Network. These Pop-up stores will... Read more

Spykar revolutionizes men’s underwear category with Underjeans

Spykar revolutionizes men’s underwear category with Underjeans

     Spykar is introducing a revolution in the men’s underwear category with their latest launch – Underjeans; innerwear with the soul of jeans. Through this innovation, Spykar endeavors to recreate the same... Read more

Reliance shakes up Indian e-commerce space with JioMart

Reliance shakes up Indian e-commerce space with JioMart

    Shaking up an industry currently dominated by Amazon and Flipkart online services, Reliance plans to expand into the e-commerce space with Jio Mart, a direct-to-consumer website. Already, Reliance’s portals offer... Read more

Women’s clothing sees higher sales this Diwali

Women’s clothing sees higher sales this Diwali

     Women’s clothing is seeing more traction and sale as against the men’s this Diwali, says a Business World report. Men are buying significantly less this time as compared to their... Read more

Lifestyle brands up their digital quotient as festive season boosts demand

Lifestyle brands up their digital quotient as festive season boosts demand

    With businesses picking up over the last few weeks, apparel and lifestyle retailers expect a boost in sales in the upcoming festive season. They expect the upcoming Diwali and wedding... Read more

MOST POPULAR NEWS
Go to top

Follow Us On:

Face BookDealersForYou

TWDFUpublications

LNDFUpublications

YouTubeDFUpublications

 Copyright © 2020 DFU Publications. All rights reserved.