Victoria Beckham’s fashion label will need extra investment to stay afloat after suffering an £8.7m loss when Covid struck, the company’s auditors have warned. The business is facing a material uncertainty over its ability to continue as a going concern following a slump in sales in 2020, according to accountants at BDO. They added that…
Burberry’s turnaround has been plunged into uncertainty after its boss Marco Gobbetti quit to return to Italy as chief executive of a luxury fashion rival. Marco Gobbetti’s decision to step down as chief executive at the end of the year sent shockwaves through the City, at one point wiping £1bn off Burberry’s market valuation. The…
For Jake Harris, rooting through car boot sales with his grandfather started as nothing more than a hobby. It wasn’t until he came across a rusty John Grey vintage snare drum for £10 that he began to take it more seriously. Just 18 at the time, Harris sold the snare drum for £200 on eBay.…
