Tara Hounslea is senior news reporter at Drapers, specialising in the menswear, lingerie, luxury, value and property sectors.
Her interests include multichannel innovation to the in-store experience, made in the UK alongside inspiration from overseas, new entrants to the market and heritage success stories, with a particular fondness for the north of England. Tara joined the team in October 2014 and has a background in textile and fashion trade titles.
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House of Fraser chairman exitsSubscription
House of Fraser chairman Frank Slevin has left the business, Drapers understands.
M&S card payments down in some storesSubscription
Marks & Spencer has been unable to receive card payments in around a quarter of its stores today, due to a technical issue.
Moody’s to withdraw House of Fraser ratingSubscription
Credit ratings agency Moody’s has downgraded House of Fraser by three notches and will withdraw all of its ratings to reflect the “high expected losses” for financial creditors as a result of its pre-pack sale to Sports Direct last week.
Former LK Bennett and BHS chief executive Darren Topp has joined Retail Executives, a specialist fashion and retail recruitment firm, as chairman.
House of Fraser’s new owner Mike Ashley said he will try to keep 80% of the department store chain’s 59 stores open and will add successful “cool brands of the moment”.
HoF administrator halts supplier paymentsSubscription
House of Fraser suppliers and concessionaires are urging Sports Direct to “do the right thing”, as they count their “substantial” losses for payments due before the department store chain went into administration last week.
Brands pull stock from House of FraserSubscription
Several concession holders have removed stock from House of Fraser following the retailer’s fall into administration last week.
Helsinki Fashion Week bans leatherSubscription
Helsinki Fashion Week in Finland will not accept labels that use animal leather for its spring 20 collections.
VF Corporation to spin off denim business Subscription
VF Corporation will create a spin-off company with a separate management team for its denim and outlet businesses.
Sports Direct has appointed property agency CBRE to start talks with House of Fraser landlords over the coming days.