Stitched up: How global giants are squeezing out Australian fashion
It's been a bloody few weeks for Australia's apparel sector as retail's annual killing season claims its bounty of weak and weary brands.
Catie Low covers the retail and consumer goods sectors.
It's been a bloody few weeks for Australia's apparel sector as retail's annual killing season claims its bounty of weak and weary brands.
The owner of iconic English department store Harrods has got ambitions to increase its exposure to Australian retail.
Popular shoppping centre retail brands Katies, Millers and City Chic are the subject of a $135 million takeover bid for listed owner Specialty Fashion Group.
Solly Lew's Premier Investments has moved to reassure investors its brands have not been hurt by the weak sales conditions at the back of last year.
Myer's high profile fashion buyer Teneille Ferguson has defected to David Jones as the apparel sector battles falling sales and rising costs along with the constant battle to remain relevant.
The collapse of the premium suiting chains comes just a week after high-profile labels Marcs and David Lawrence faltered under the weight of almost $30 million in debt.
Launching Alibaba's Australian headquarters, billionaire founder Jack Ma said the Chinese e-commerce giant would help Australian and New Zealand businesses share their products with the world.
The collapse of national fashion brands Marcs and David Lawrence has added another 1130 workers to the retail rout that claimed close to 2000 jobs in the sector before Christmas.
An administrator has been appointed to fashion brands David Lawrence and Marcs amid deteriorating sales.
A discounting war could make mincemeat of our supermarkets.
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