PWC news and archive

Mergers and acquisitions: PwC says fashion and luxury sector is increasingly selective

Mergers and acquisition operations in the consumer sector are slowing down globally. However, seven mega-deals exceeding 5 billion dollars are boosting overall value. In Italy, 158 transactions were announced in the first five months of 2025. These are some of the findings detailed in the report 'PwC Global & Italian Merger and Acquisition Trend...

New report unveils gender disparities in Italian fashion manufacturing industry

Non-profit Global Fashion Agenda and accountancy firm PwC Italy have published a preliminary research report that provides a detailed assessment of pay disparities in the Italian fashion sector. Titled “Unpacking Pay Equity in Fashion: Italy”, the report was developed with support from the Italian fashion association Camera Nazionale della Moda...

Superdry reportedly calls in PwC to oversee debt-raising options

Fashion retailer Superdry is understood to have appointed accountancy firm PricewaterhouseCoopers (PwC) to advise on debt-raising options weeks after it issued a profit warning. The London-listed company is believed to have tasked PwC with advising on its finances, according to sources for Sky News, in light of its latest pre-Christmas trading...

THG Ingenuity partners with PwC to bolster e-commerce capabilities

THG Ingenuity, the technology services division of British fashion and beauty retail group THG, has announced a partnership with international professional services firm PwC to bolster digital commerce. As part of the deal, “PwC will lead on the business strategy, research, and design of the brand web stores, and Ingenuity will provide the...

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UK store closures are at slowest rate since 2021, according to new report

A new report has found that store closures in the UK are currently at their slowest rate since 2014, with net closures also at their lowest level in five years. Latest figures by PwC, developed alongside the Local Data company, found that in 2022 a total of 11,530 chain outlets exited UK high streets, shopping centres and retail parks, a drop on...

PwC analysis: how the metaverse is changing retail and consumer goods industry

Accounting and consulting firm PwC has analysed the impact of the metaverse on the retail and consumer goods industry. After all, the market volume of metaverse-related technologies was around 48 billion US dollars (around 40 billion pounds) in 2020 and is expected to grow at an annual rate of 43 percent until 2025. Retailers and manufacturers...

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Seasalt reports “record” Christmas sales

Cornish fashion and lifestyle brand Seasalt stores enjoyed a “record” Christmas trading period for the five weeks to January 1, 2022, with overall store revenue up 81 percent on the same period last year and “up slightly” from 2019. Total sales across online, stores and through marketplace partners were up 20 percent, compared to 2020, and up by...

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A record-high number of UK store closures in 2020

A record amount of store closures were reported within the first half of 2020 due to the Covid-19 pandemic, new data reveals. So far this year, 11,120 chain operator outlets have closed, according to research by the Local Data Company and PWC UK which tracked 210,365 outlets across the UK from January to August this year. There has been over...

Boohoo launches search for new auditor after PwC steps down

British online fashion retailer Boohoo is on the search for a new auditor after confirming PwC has stepped down. The fashion group said PwC, which has been the company’s auditor since 2014, has already signed an unqualified opinion on the group's 2020 financial statements, but will not continue the role moving forward. Boohoo’s audit committee...

Nearly half of US consumers to spend less this Christmas

Some 40 percent of US consumers will spend less this year due to the impact of the pandemic and 55 percent will spend the same or more, according to new research. Meanwhile, 13 percent of shoppers will spend more this holiday season - 54 percent of them under the age of 35. Millennial shoppers (25-38 years old) are expected to spend the most...

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