Multiples + etailers

Everything you need to know from this week’s fashion retail news, in numbers.

A number of British brands stocked by US department store chains under the Saks Global umbrella remain in the dark regarding repayment for stock, despite the business having unlocked an additional $300m (£225.4m) in bankruptcy funding, Drapers understands.

Saks lenders and luxury brands are reportedly in last-effort discussions to avoid a court clash over the ownership of millions of dollars’ worth of designer stock, as the US department store group restructures under chapter 11 bankruptcy protection and pushes ahead with store closures.

Off-price fashion marketplace Secret Sales has named former Debenhams Group head of finance Nikki McEvoy as chief financial officer following a "stand-out" peak trading period last year, Drapers can reveal.

A number of British brands stocked by US department stores Saks Fifth Avenue and Neiman Marcus "doubt" they will be repaid for stock by parent Saks Global after it filed for bankruptcy, with the future of collaboration hanging in the balance.

Saks Global, which owns US department store chains Saks Fifth Avenue and Neiman Marcus, has today (2 January) announced the departure of CEO Marc Metrick as the business teeters on the verge of bankruptcy, according to reports.

Drapers monitors the latest Black Friday deals across the UK fashion retail market in 2025.

Marks & Spencer has unveiled a "product-first" Christmas campaign for 2025 across fashion, home and beauty as it ramps up digital investment.

Roger Burnley, who was previously CEO and COO at Asda, and Sainsbury's retail and operations director, has joined Marks & Spencer as a non-executive director, effective 1 December.

Debenhams has unveiled its Christmas campaign for 2025, featuring an all-star cast of celebrities.

Debenhams is to relaunch its Designers at Debenhams concept, with a signature collection from designer Ashish.

Urban Outfitters opened an 8,000 sq ft store in the Metrocentre in Gateshead on 4 September.