Jonathan Faith, owner of the women’s footwear chain that bears his name, has landed a £45m windfall after agreeing to sell the business to the private-equity firm Bridgepoint. Click Here: Tienda Chivas The £64m takeover will give Bridgepoint an estimated 70 per cent stake in the business. Faith, son of the chain’s founder, will leave…
Prada Group is expected to announce on Monday the departure of its fashion label Helmut Lang. The New York-based designer, once associated with the epitome of urban coolness, is to follow in Jil Sanders footsteps and leave the House after the company was taken over in 1999. According to International Herald Tribune, Mr. Lang had…
Giorgio Armani is throwing caution to the wind in the struggling climate for fashion couture. The Giorgio Armani atelier – modern eveningwear made to haute-couture standards – will debut on the catwalk during the Paris haute-couture shows in January next month. The lure of haute couture for Armani is likely to be its red-carpet appeal…
The Italy-based sportswear producer Paul&Shark has opened a boutique in Hong Kong. The shop’s opening is part of the company’s expansion plan throughout Far East Asia. The Hong Kong boutique is operated under franchise and covers 400 square metres of shopping space. The company also has a shop in Singapore. Paul&Shark reported a turnover of…
Boots Chief Financial Officer Howard Dodd has quit the company, the health and beauty retailer confirmed on Wednesday. The Group said that group financial controller Jim Smart would act as CFO until a replacement for Dodd was appointed. Click Here: Italy Rugby Shop
The London terrorist bombings on Thursday highly resemble the events that took place just a fortnight ago, and there will be obvious parallels drawn from the attacks reports retail analyst FootFall. David Smyth, Director of Business Planning at FootFall, said “There will obviously be an initial major impact to the city, although there should be…
When US Vogue editor-in-chief Anna Wintour doles out advice, the rest of us stop and listen. The highly successful and feared doyenne of fashion has run the magazine for almost 20 years and has been responsible for the rise and rise of some highly respected designers. In order to maintain the standards of the magazine,…
Supermarket Asda has launched a new budget clothing line called George Must Haves. The new line is approximately 20 percent cheaper than its existing George brand. According to just-style.com, Asda is hoping to challenge rival retail chain Primark in the budget clothing stakes. The latter has become increasingly popular as a purveyor of trendy high…
UK fashion retailer Next has reported it expects full year profits before tax to exceed market expectations. The chain said profit would be “in the range of £435 million to £450 million”. On Wednesday the company said that like-for-like sales unaffected by openings in the period 1 August to 24 December were down 3.2 percent,…
Dutch board sports retailer Brunotti is opening an office for its sales activities in the UK and Ireland . The company is joining forces with Blue Brands UK Ltd, which was established by Nigel Codron, former UK country manager for Oxbow. Codron will take responsibility for the label immediately and is currently presenting the autumn/winter…