• Tailored Brands secures 75 million dollars in financing

    1 month ago - By Fashion United

    Men's Wearhouse owner Tailored Brands has announced 75 million dollars in new financing following its emergence from Chapter 11 bankruptcy late last year.
    The financing comprises 50 million dollars of mandatory convertible notes and 25 million dollars in additional senior secured debt, and will provide additional liquidity for the business as it rides out the pandemic and positions itself in a post-Covid market.
    Tailored Brands president and CEO Dinesh Lathi said the company is seeing “solid momentum” across its portfolio of brands, and is continuing to advance its key strategic...
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  • Shoe Zone reports full year loss, appoints new finance director

    1 month ago - By Fashion United

    In the 52 weeks to October 3, 2020, revenues fell by 24.4 percent at Shoe Zone plc to 122.6 million pounds following the loss of trade from retail stores due to Covid-19. The company ended the year with 460 stores, a net reduction of 40 stores on 2019. Shoe Zone reported loss before tax of 14.6 million pounds against profit before tax of 6.7 million pounds in 2019.
    “In my second year back as Chief Executive, it is disappointing I am reporting on a year impacted by Covid-19. Despite this, there are positives such as the continued growth of digital and the commitment and focus of our loyal...
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