Britain'S Retail Industry Is Putting Pressure On BHS Department Store To Escape Crisis

Britain's retail industry, which has already been a difficult task, has recently been a hit.

Last year, Philip Green, the boss of BHS, a British chain store group, dropped off with an astonishing pound, but the new boss obviously overestimated her ability.

Recently, foreign media said, BHS store's new boss, Retail Acquisitions, could not raise enough working capital for it.

Therefore, if BHS is on the verge of bankruptcy, it will become a bankrupt.

The retail industry brings about 11 thousand jobs vacancies.

In addition, BHS had negotiated large stores at the beginning of last month.

However, the negotiations on the sale of the stores failed, so BHS's last trick has failed.

Moreover, because last year's new boss failed to raise funds for BHS, meanwhile, the fast fashion brands such as H&M, Zara and Primark continued to exert pressure on the retail industry, making it difficult for BHS to make profits.

However, even if he wants to connect BHS department store, he will be faced with a pension gap of 571 million and a debt pressure of over 700 million.

So,

This time, whether it can bring back to life or not, in addition to having access to the plate, there must be a strong fund to take over.

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Hugo Boss, the first men's brand to hit the rocks, announced the resignation of CEO recently.

Even if we leave repeatedly, can it bring vitality to the shrinking of Hugo Boss?

It is reported that in a few days ago Hugo Boss issued a statement, said group brand official CBO Christoph Auhagen confirmed leaving.

According to the official press release, Christoph Auhagen has been in the Hugo Boss group for six years, and has long been responsible for core businesses such as creative management, brand management, procurement and production.

And Christoph Auhagen is also a board member of the group.

On the same day, the group announced new CBO candidates.

As a successor to Christoph Auhagen, the candidate is Ingo Wilts.

The two will complete their handover before November 1, 2016, and Ingo Wilts will take the initiative at that time.

As the group's menswear business continued to retrogress, although the Chinese designer Jason Wu, the creative director of women's wear, recorded a strong double-digit growth, but in the last fiscal year, the core earnings of Hugo Boss only recorded a slight increase, due to the backsliding of the group's core men's business. The 590 million 800 thousand euro in the previous fiscal year rose to 594 million 100 thousand euros, far below the market expectations of 605 million 500 thousand euros.

At the same time, core earnings EBITDA and net profit were also lower than market expectations.

Although the group adopted measures for the serious recession of the Sino US market, it quickly closed down the mainland stores after releasing the 2015 financial report. However, for the current predicament, the group seems to be unable to achieve its effect by reducing the scale of investment and evaluating the existing store portfolio.