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Topshop’s ‘disgusted’ staff today revealed they were officially told they’d lost their jobs two hours after Asos announced its £330million takeover on Twitter – as Sir Phillip Green’s family is ‘set for £50m’ from the sale. The outraged workers, numbering…
Topshop and Topman Singapore are to close its last store in VivoCity and move online this Thursday (September 17). Topshop and Topman brand manager Wing Tai Retail told The Straits Times that the brands will focus on an omnichannel retail strategy to suit…
Marcel Ospel, the chairman of UBS until shortly before a 2008 Swiss government rescue, has died. He was 70. Ospel was eventually ousted after UBS was forced to repeatedly go cap in hand to shareholders as well as seek an injection from Singapore’s sovereign…
British apparel group Arcadia has terminated its contract with Chinese franchisee Shangpin to represent its Topshop brand in the PRC. Arcadia chairman Sir Philip Green had announced plans to open 80 stores in the region with the Chinese franchise partner in…
The JD Sports Perth store in Westfield Carousel will open on 30 August and the new store in Brisbane’s city centre will open on 20 September 2018. In April 2017, JD Sports was brought to Australia by local retail agent Hilton Seskin, whose Next Athleisure…
UK fast-fashion darling Topshop and brother brand Topman have returned to the Australian e-commerce sphere, partnering up with The Iconic for their online comeback. The Iconic will now sell and distribute — from its Australian website and fulfilment centre—a…
Indian fashion portal Jabong has added American fashion brand Forever 21 to its product portfolio. It definitely will give another option for India’s shopper to check the collections of Forever 21. A selection of goods including play-in tops, dresses,…
China has helped drive a solid half year for men’s fashion retailer Ted Baker. The UK-based chain has been rolling out concessions in the mainland with a local partner. That helped the company’s average retail square footage to rise by 8.5 per cent over the…
US private-equity company General Atlantic has made its first investment in Indonesia by buying into lifestyle retailer Mitra Adiperkasa (Map). It has subscribed for Rp1.08 trillion (US$80.5 million) in bonds issued by Map which are convertible into shares in…
Singapore Retailers Association (SRA) is launching the inaugural Singapore Golden Week (SGW), a lifestyle event to be held over three weekends from September 30 to October 16. Its aim is to heighten Singapore’s appeal as a lifestyle destination with a suite a…
Following a robust few years of market outperformance and share gains, the start of New Look’s 2016-17 financial year is a major disappointment. While weakened consumer confidence and unseasonal weather dampened shopper appetite to spend on clothing &…
Costs related to the closure of retail stores were among the factors contributing to reduced second-quarter earnings for Singapore’s Wing Tai Holdings. Store closures caused a 12 per cent rise to S$23.8 million in administrative and other expenses…
Asif Ahmad, the UK ambassador to the Philippines, is one of the busiest diplomats in the country, as he leads, almost on a weekly basis, the opening of new outlets put up by dozens of British companies which are taking advantage of the rapidly growing…
Wing Tai, the corporate retailer which partners with Uniqlo and a raft of other brands, including the Arcadia Malaysia stores, says it is streamlining its retail business. The listed company has 85 retail stores in Malaysia’s major cities under 12…
