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This Week: Topshop & Debenhams Collapse, Moncler Buy Stone Island & More

Fashion & Lifestyle News
Saturday, 12th December, 2020

This Week's Fashion & Lifestyle News 12th December 2020

I did not post any Fashion & Lifestyle news last week, but there’s been a few things which have been happening in the fashion world.

It’s been a bad couple of weeks for Topshop and Debenhams, on the other side of the clothing world it was announced Moncler are to buy Stone Island.

Here’s some of the things which have been happening in fashion and lifestyle over the past week or so.

Topshop Collapsing & Woes

Bad news if you are a fan of Topshop, as parent company Arcadia went into administration at the end of last month. Arcadia is a large group which owns a variety of high street fashion brands, including Topshop, Topman, and Burton among others.

They have over 400 stores in the UK alone, with 13,000 staff.

What happens with next with the brand? Who knows. The brand names are valuable and you would imagine would have interest from other fashion brands. However, since a lot of brands are online focused or even online only, it remains to be seen as to how many stores and staff would or could be saved.

It was also announced that gift cards would only retain 50% of their value – That means if you wanted to use a £25 gift card, you’d have to buy something worth £50 and pay the additional £25.

[source via BBC]

Debenhams Collapsing

Debenhams could be another one to go. They’ve been in administration since April, and have announced that they will cease trading in their stores after they have failed to be saved.

They have still been trading, at least online. People were eager to buy things from the site, which had to deploy a queue system for people to just get on to the site to browse.

They currently have 124 stores in the UK, and 12,00 staff.

[Source: BBC]

Related: Boohoo Buy Debenhams For £55M

Moncler Buys Stone Island

Moncler To Buy Stone Island

On the other side of the fashion fence, luxury brand Moncler is set to buy Stone Island in a deal reported to be worth €1.15Bn.

Moncler is a well known luxury fashion brand, with Stone Island being known in the UK more for it’s expensive streetwear. They have said that both brands will remain and operate as separate entities. They’re calling it, “Beyond Fashion, Beyond Luxury”.

[Source: Hypebeast]

Apple AirPods Max Are Here

Apple Air Pods Max Announced

Following up from the AirPods, Apple have announced AirPods Max. These are a premium over the ear style of headphones, with the premium price tag of £550.

They come in 5 colours, and quote 20 hours of playback, with 1.5 hours of playback from only 5 minutes of charging.

[Source: Macrumors]

Warner Bros Latest Film Releases Will Be Available At Home (In America)

The film studios look to be finally embracing the home and streaming media! Or it could be because of the pandemic and people can’t get to cinemas.

Either way, Warner Bros are going to release their latest blockbuster films both at the cinema, and for those who can’t (or don’t want to go to) the cinema, at home via HBO MAX (In The USA).

They said that this one-year plan was in response to the unprecedented times in the industry.

[Source: Sky News]

Cyberpunk 2077 Released

Cyberpink 2077 Finally Released

One of the most anticipated games of recent times has finally been released! Cyberpunk 2077 is officially here!

With lots of delays the game was finally released on Thursday. It’s an open world action role-playing game set in night city, and the graphics look impressive.

[Source: Cyberpunk 2077 Site]

And that’s all for this week’s news.

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Michael Adams

About Michael

Michael Adams is the founder and editor of Michael 84, blogger and T-shirt designer from Newcastle, UK. Sharing men's fashion tips, style advice and lifestyle information for all guys.

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