The embattled UK retail industry was dealt another blow on Friday after news emerged that Arcadia is considering a restructuring process which could result in significant store closures and job losses.
The private equity company has acquired a minority stake in Jeanologia, a Spanish maker of denim manufacturing equipment. The investment will allow Jeanologia to amplify its R&D efforts over the next three years.
The Spanish apparel retailer is exploring personalisation with a denim collection which will allow customers to add embroidered words. The service will be available online and in select stores from 27 March.
Primark has launched its first jeans made entirely from sustainable cotton with a debut across the UK and Europe as the company responds to consumer demand and continues its work with farmers in India and Pakistan.
The Americans jeans maker said on Monday it expects to raise as much as $587 million through an initial public offering, giving it a value of up to $6.17 billion as it returns to the market after three decades.
Primark is moving hundreds of UK-based roles to its headquarters in Dublin in September this year in a move that will affect 220 jobs across the company’s buying, merchandising, design, quality and sourcing teams.
One brand quietly winning a legion of fans since coming to show in Paris two years ago is Silvia Tcherassi. A highly sophisticated Colombian, Tcherassi was previously named Chevalier des Arts et des Lettres.