Harvey Nichols Opening in Qatar
Harvey Nichols will open in Doha, Qatar in early 2017. The store has signed a licensing agreement with Harvey Nichols Doha LLC, a luxury retail company affiliated with Qatari business groups. The new store will have over 80,000 square feet of retail space and will feature fashion, beauty, children’s wear, home accessories and a range of hospitality services. Harvey Nichols called Qatar “a highly attractive market,” and Stacey Cartwright, group chief executive of the store, released a statement saying, “This is an exciting market for Harvey Nichols due to the significant growth we are seeing in the country.” The new space will be located in Doha Festival City and is Harvey Nichols’ eighth store outside the UK and Ireland.
Bebe Experiences Security Breach
Bebe joins the growing list of retailers suffering from a cyber attack. Just as the holiday shopping season got underway, hackers accessed information from the brand’s customer payment data system from November 8th to November 26th. The breach affected customers only at its stores in the US, Puerto Rico and the Virgin Islands and didn’t involve stores in Canada or its website. The data taken most likely included names, account numbers, expiration dates and verification codes. “Our relationship with our customers is of the highest importance. We moved quickly to block this attack and have taken steps to further enhance our security measures,” said Jim Wiggett, CEO of the company.
Brands Filing Chapter 11
Last week Dutch brand Mexx and Deb Shops announced they are starting bankruptcy proceedings. Delia’s Inc. said it would liquidate and file for Chapter 11 bankruptcy court protection. Mexx stores will stay open during the holidays as the company tries to find a buyer. Deb is filing bankruptcy because its investors, Cerberus Capital Management and Guggenheim Partners, declined to make additional investments in the company. Delia’s will officially close all stores, as the company can’t find a buyer or obtain financing to continue business. Additionally, Abercrombie & Fitch, American Eagle Outfitters and Aéropostale all posted less than average third-quarter results.
– Claire Mykrantz
Source: WWD, WSJ
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Tags: Bankrupt Brands, Bebe, Bebe Cyber Attack, Bebe Security Breach, Brands Filing Bankruptcy, Cardholder Breach, Claire Mykrantz, Deb Stores, Delias, Doha Festival City, Fashion Headlines, fashion news, Harvey Nichols, Harvey Nichols Doha LLC, Harvey Nichols Qatar, Jim Wiggett, Mexx, Stacey Cartwright, WWD