Fashion statement: Firms plucked from administration include Roland Mouret, whose dresses have been worn by Halle BerryBritish retailers are increasingly being viewed as takeover targets as the sector is hobbled by the cost of living squeeze. The jump bucked a wider trend across the British economy, where M&A activity fell 15 per cent over the same period from 2490 deals to 2120. Firms that have been plucked from administration over the year include luxury fashion label Roland Mouret, whose dresses have been worn by celebrities such as Halle Berry. RPC highlighted that a large number of takeovers had targeted fashion retailers. A recent example is Ted Baker, which was bought for £211m last month by US firm Authentic Brands Group.

Source: Daily Mail September 05, 2022 05:56 UTC