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Fashion

Saks bonds worth just 1 cent hand hedge funds a painful lesson

By Bloomberg Published January 16, 2026 At first glance, Saks looked like exactly the kind of mess hedge funds love. Just months after the company borrowed $2.2 billion to finance its takeover of rival Neiman Marcus, the newly formed luxury retail powerhouse was already running short on cash. Creditors spooked by the pace of the […]

Fashion

Dealz continues to drag down ‘resilient’ Pepco in Q1

Published January 16, 2026 Pepco’s first quarter was “solid” the pan-European value retailer said this week, despite the underperforming Dealz chain continuing to be a drag on its results. Pepco Q1 covered the three months to the end of December and saw group revenues up 4.3% on a constant currency basis to €1.4 billion. This […]

Fashion

Represent names former Adidas Yeezy boss as its North America president

Published January 16, 2026 British luxury streetwear brand Represent has a new country president to lead its North American ambitions. Jim Anfuso, described as a veteran of the footwear and streetwear industry with “pivotal experience” managing the high-profile Adidas Yeezy business, has joined Represent’s executive leadership team. Jim Anfuso, Represent’s new North America president He’s tasked with […]

Fashion

Rapha launches designs for USA Cycle team

Published January 16, 2026 Rapha has made a major step forward with its international ambitions, unveiling its debut collection for the USA Cycling team. The high-profile London-based performance wear specialist said the association “ushers in a new era for American cycling”. It’s also a timely move, given the US will be staging the next summer Olympic […]

Fashion

Topshop re-enters Europe as a standalone with 23-country webstore launch

Published January 16, 2026 Topshop’s revival as an international fashion brand continues apace with the launch a dedicated European website across 23 countries EU countries. Topshop The site has launched in (deep breath) Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Estonia, Finland, France, Germany, Greece, Hungary, Italy, Latvia, Lithuania, Luxemburg, Malta, Netherlands, Portugal, Romania, Slovenia, […]

Tech Technology

X outage reported globally second time in week

No official statement has yet been released by X regarding the cause or expected resolution of the outage Social media platform X experienced a significant global outage on Friday, leaving users worldwide unable to access the service, according to internet tracking monitor NetBlocks. There were more than 41,000 reports of issues with the social media […]

Entertainment

Paul Mescal teases his role as Paul McCartney in upcoming Beatles movies

“I feel emotionally attached to him. He received me with great kindness and warmth,” Mescal recalled meeting McCartney Paul Mescal is offering new insight into his highly anticipated role as Paul McCartney in The Beatles – A Four-Film Cinematic Event, revealing how deeply the project has already influenced him both personally and creatively. The actor, […]