Beales is preparing to close all its stores as no buyer has come forward to snap up the business. But it seems its administrators are still trying to find someone who will buy at least part of it as a going concern.
Three leading proxy advisory firms have recommended that HBC shareholders vote in favour of the deal that would see a group led by the company’s executive chairman, Richard Baker, take the retailer private.
Children and maternity wear specialist Orchestra-Prémaman entered a protection procedure on September 24 2019, and on Monday February 17 it presented a reorganisation plan which involves cutting about 600 jobs.
As sales are seen to be slowing down, and with the arrival of a new CEO, French label Chloé might, according to some sources, be about to dismiss its creative director for ready-to-wear, leather goods and accessories.
The textile and apparel trade show is taking over Porto Airport from February 19 to 20 in order to present upcoming industry trends. Its organisers expect to welcome 6,400 buyers, 400 of whom will be international.