Gucci foresees promising 2006
By After a record year in 2005, Gucci chief executive Mark Lee is bullish about 2006. In an interview with Women’s Wear Daily, he said that the company “had the best year in the history of the company, so we are quite proud and happy about thatâ€?. In 2005, Gucci brand’s recurring operating income rose 14.7 […]
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Bulgari opens biggest store in Tokyo
Luxury jeweller Bulgari will open its biggest store ever in Tokyo. The new flagship boasts ten stories and is located in the exclusive Ginza shopping district. The building will house the company’s Japan headquarters and the opening of the store is scheduled for December 2007. “Bulgari, in fact, can boast a strong relationship with Japan […]
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Tumi turns to India
Luxury luggage brand Tumi will be entering the Indian market this year. The Murjani Group plans to open 10 freestanding Tumi stores in India by 2010, with the first store opening planned for later this year either in Delhi or Mumbai. “The first brand we (launched) in India was Tommy Hilfiger in 2004,” Murjani Group […]
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Itochu acquires Antichi Pelletieri
The Itochu Corporation has acquired a 3.3 equity stake in Antichi Pellettieri, the leather goods division of the Mariella Burani Fashion Group. Itochu purchased the stake for €10 million (£6.8 million). The two partners already have long-standing relationship, which is now solidified by this transaction. It also provides the MBFG with an experienced business partner […]
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FrostFrench in debt
Hot London fashion label FrostFrench has filed accounts with Companies House this week which show that the brand owes nearly £500,000. Meanwhile, its assets amount to a mere £94,000. In comparison, the company’s assets in 2003 amounted to £229,550 and it owed £342,000. “They’re pretty pitiful figures to be honest,” a business commentator told the […]
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Sigerson Morrison sells majority stake
Luxury footwear company Sigerson Morrison has sold a majority stake to US footwear firm Marc Fisher LLC in an effort to expand the company. The 15-year old company, which started off making bespoke shoes for private clients, currently has two lines and a high-end bag collection. “It’s a hug move for us,” Kari Sigerson, co-founder […]
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Primark fourth largest UK women’s retailer
Discount retailer Primark has surpassed Asda, Debenhams and New Look to become the UK ‘s fourth largest women’s clothing retailer. M&S, Arcadia and Next occupy the top slots. According to research consultancy Verdict Research’s preliminary figures, Primark’s market share in the women’s clothing market has grown to 3.6 percent as opposed to 2.7 percent last […]
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Lilywhites owner takes shares in JJB
The secretive sportswear billionaire who owns Lillywhites and Sports World is understood to have built a 10% holding in rival retailer JJB. The revelation about Mike Ashley’s stake – which is held through a contract for difference (CFD) – is likely to spark speculation about whether he might launch a bid for JJB. But it […]
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Barneys comes to London
Luxury department store Barneys New York is coming to West London . Trendy Londoners can now look forward to shopping in this mecca of chic, cutting-edge fashion that has featured in a number of popular television shows. The department store will be located in the new White City shopping centre, which is being developed by […]
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LCF graduate show at Royal Academy
The London College of Fashion is celebrating its 100th Graduate Catwalk Show this year. As part of its celebrations, LCF is moving its annual show out of Graduate Fashion Week and instead will show at the Royal Academy of Arts. The student’s final year collections will be showcased on the 1st of June at a […]
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