Aquascutum’s Chinese owner is the subject of a potential lawsuit over unpaid invoices, as fears over a liquidity crisis persist. A Portuguese fabrics firm called Calvelex is expected to take it to court this week.
Struggling British department store group Debenhams on Thursday named turnaround specialist Stefaan Vansteenkiste as its new chief executive, promoting him from the chief restructuring officer role he took on in April.
Having sold the Courir chain in early 2019, the French sport retailer is looking to sell its 33-store business in Poland, to generate fresh cash and enable the group to bounce back, especially in France.
China’s Shandong Ruyi is continuing its growth-through-acquisition strategy with the textile and apparel conglomerate saying it has finally completed its acquisition of Invista’s Apparel & Advanced Textiles business.