LONDON – Selfridges is planning to cut 2 percent of headcount, or around 70 roles, in a challenging period for British retail. According to a memo seen by WWD, Selfridges’ chief executive officer Andrew Keith told staff the proposed job cuts pertained to “specific head office functions,” and that store team members were not affected. The … Read more
LONDON — Prada is back at the Selfridges Corner Shop after its last stint six months ago. The Italian luxury brand is starting off the English spring with a green garden with interiors that resemble a meadow with wooden furnishings. The special project with Selfridges is titled “Prada En Plein Air” as part of ongoing … Read more
Retailers will have a hard time saying goodbye to Dries Van Noten, who told WWD of his plans to step down from the creative helm of his company later this year. They said they’ll miss the color, lightness of touch, and gardener’s love of florals that he brought to men’s and women’s fashion alike. Here, … Read more
LONDON — In an oversaturated fashion market, smaller brands are repositioning themselves to better suit their customers and to keep their brands alive. Silk fashion brand Worme, founded by sisters Melissa and Hannah Collett, is introducing made to order as a new model to their business. “It’s the future for small businesses just in terms … Read more
LONDON — Selfridges is embracing British humor with a new concept at its The Corner Shop. The Joke Shop pokes fun at fashion cliches and is in on the laugh until March 30 in its London store. On the shop floor, customers can get in on the joke by purchasing items that feature elements of … Read more
LONDON — Victoria Beckham’s brand is getting hotter despite the chill winds blowing through luxury, said David Belhassen whose private equity firm NEO Investment Partners holds a significant minority stake in the business. Beckham’s brand, which will show the fall 2024 collection in Paris on Friday, reached a milestone in 2022, turning a modest profit … Read more
LONDON — The Paul Smith Foundation is throwing its support behind a new hub dedicated to emerging design talent at Smithfield Market in London. The foundation has partnered with the Mayor of London’s office and Projekt, a work and events space provider, to create The Fashion Residency at Studio Smithfield, a three-year business, creative and marketing boot camp for … Read more
LONDON — Selfridges has a few new friends in town that go by the name of Dratini, Dragonair and Dragonite. Fendi has staged a pop-up at the luxury department store to celebrate its brand collaboration with Hiroshi Fujiwara’s Fragment, which also includes a special collection with Pokémon celebrating the Year of the Dragon in 2024 … Read more
LONDON — Central Retail will invest further in the British department store only if the conditions are right, the company said in a filing to the Stock Exchange of Thailand. Central Retail is the publicly-traded division of Central Group, the majority owner of Selfridges, which it purchased two years ago alongside the troubled property giant … Read more
LONDON — Another division of Rene Benko’s troubled Signa property empire has filed for insolvency following the collapse of the holding company last month. Signa Prime Selection AG, which has stakes in retailers including Selfridges, KaDeWe and Karsdadt, has filed for bankruptcy and submitted its restructuring plan to a Vienna court, according to a statement issued … Read more
