Grace Whelan is a news reporter at Drapers, specialising in menswear and property across the magazine and website. She joined the team in 2018 after graduating from City, University of London with an MA in magazine journalism. Personal industry interests include the developing role of tech in retail and British manufacturing.
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UK customer spend growth slowest in six yearsSubscription
Britain is set to have the slowest growth in consumer spending in six years in 2019, recent research has show.
Intu hit hardest by Monsoon CVASubscription
Ailing shopping centre owner Intu faces the biggest threat from Monsoon Accessorize’s company voluntary arrangement.
American landlords question Arcadia debtSubscription
American landlords have questioned why Arcadia Group’s debts to certain suppliers fluctuated at the time of the second vote on the group’s company voluntary arrangement, potentially lessening landlords’ power to block it.
Miss Selfridge’s head of merchandising, James Linsell, has left Arcadia Group to join Boohoo in the same role.
Landlords may rally against Monsoon CVASubscription
Landlords are showing resistance to Monsoon Accessorize’s company voluntary arrangement proposal, which asks for rent reductions of up to 65% across more than half of its stores, property sources have told Drapers.
Monsoon Accessorize CVA seeks 65% rent cuts Subscription
Monsoon Accessorize has asked landlords to cut rents by up to 65% across more than half of its stores, as part of its company voluntary arrangement, which launched yesterday.
Select's strategy for CVA recoverySubscription
Select CEO Cafer Mahiroğlu is focusing on customer experience, national marketing and talent investment to return the womenswear chain to profitability, following the approval of its second company voluntary arrangement (CVA).
Will Kernan will bring “an interesting pedigree” to his new role as River Island CEO, industry experts have told Drapers, praising his management skills and previous track record as chief executive of The White Company.
BRC takes over Oxford Summer SchoolSubscription
The British Retail Consortium (BRC) has bought OSS Retail, formerly the Oxford Summer School, as part of its commitment to promoting retail careers.
Burrows & Hare opens womenswear storeSubscription
Premium menswear independent Burrows & Hare has transformed one of its three stores into a womenswear shop.