
Global Fashion Retail this Week: Latest Roundup 13-6
latest roundup of key developments in global fashion retail for this week (ending June 13, 2025):
Closures & Restructuring
Otterburn Mills (UK): The historic 18th‑century brand, once a supplier to Dior and the Royal Family, has liquidated and closed permanently. Its shutdown highlights escalating challenges in the UK market, including rising costs and shifting consumer shopping habits. 7worldretailcongress.com
River Island (UK): Set to close its Banbury store on June 28 amid a broader restructuring affecting up to 230 locations. The brand reported a £33 million pre-tax loss and a turnover decline of over 19% in 2023, according to thescottishsun.co.uk.
Torrid (US): The plus-size apparel retailer announced plans to shutter nearly 180 stores—almost 30% of its location...