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Tag: brands

Even luxury brands offer pay later options now

Even luxury brands offer pay later options now

Finance
After electronics, apparel and e-commerce companies, luxury brands like Hugo Boss, Corneliani, Emporio Armani, Salvatore Ferragamo are now offering the pay later financing solution to their customers which allows them to receive an item and pay for it in instalments with no interest. The flexible payment option, popularly known as ‘Buy Now Pay Later’, is aimed at attracting younger shoppers towards these brands, which offer the scheme on items priced in the range of Rs 20,000 to Rs 30,000. “Majority of consumers look for affordable ways to finance their purchases, it is important that the experience of availing Pay Later EMIs at the point of sale is as seamless as possible,” said Baljinder Paul Singh, director, Unicorn Infosolutions, an Apple Premium Reseller. William Penn, which is giving...
2,450 staff face redundancy as Boohoo snaps up Arcadia’s last brands

2,450 staff face redundancy as Boohoo snaps up Arcadia’s last brands

Business
Boohoo is to pay £25.2m for Dorothy Perkins, Wallis and Burton in a deal set to catapult the fashion brands to an online-only future and result in 2,450 job losses.The online fashion specialist, which has already snapped up the Debenhams name amid the COVID-19 bloodbath for physical retailers, said it was to buy all the e-commerce and digital assets of the three brands, as well as their stock. It confirmed that the deal with administrators at Deloitte did not include the brands' retail stores, concessions or franchises.The collapse of Sir Philip Green's Arcadia empire in December placed 13,000 jobs at risk and only a tiny fraction of 2,500 workers were understood to be saved when Boohoo rival ASOS landed the top names, including TopShop and Miss Selfridge, a week ago. ...
Asos buys Topshop, Topman and Miss Selfridge brands

Asos buys Topshop, Topman and Miss Selfridge brands

Business
PA MediaOnline fashion retailer Asos has bought the Topshop, Topman, Miss Selfridge and HIIT brands from failed retail group Arcadia in a deal worth £295m.Sir Philip Green's Arcadia group fell into administration in November last year, casting doubt over the future of its brands and 13,000 jobs.Asos is acquiring the stock and the brands. However, it is not taking on the stores. It is paying £265m for the brands and a further £30m for the stock. Asos chief executive Nick Beighton said: "The acquisition of these iconic British brands is a hugely exciting moment for Asos and our customers and will help accelerate our multi-brand platform strategy. "We have been central to driving their recent growth online and, under our ownership, we will develop them further, using our design, marketing, te...
Study: ‘Kid influencers’ promoting food brands online tout unhealthy choices

Study: ‘Kid influencers’ promoting food brands online tout unhealthy choices

Health
Oct. 26 (UPI) -- Nearly half of all "kid influencers" on YouTube promote food and beverage products, and more than 90% of them are for unhealthy or fast-food brands, according to an analysis published Monday by the journal Pediatrics. Three percent of videos produced by these influencers featured "healthy unbranded items," such as fruit, while 2% promoted "healthy branded items," including Yoplait yogurt, the researchers said. Advertisement Among the most promoted unhealthy food brands were fast-food chain McDonald's, and candy manufacturers Hershey's and Kinder. "We found that kid influencers as young as age 3 years are promoting a lot of fast food, candy, sugary drinks and other unhealthy products in their YouTube videos, and that these videos ... were viewed more than 1 billion times,"...
Ten brands that disappeared over the past decade

Ten brands that disappeared over the past decade

Business
The UK retail industry has been struggling heavily in recent years and many brands have been going into administration.But not everybody manages to secure a rescue deal with their creditors, and in some cases, once-popular household names have disappeared completely from the UK's High Streets.Here's a look at some of the biggest names we've lost in the past decade and what went wrong.Toys R UsUS toy store giant Toys R Us shut down all of its US and UK stores in April 2018, after filing for bankruptcy protection in September 2017. Its Asian stores are still open, having been sold to Fung Retailing and a number of other lenders in November 2018. "It was heartbreaking, because consumers absolutely want to buy the best brand...