Itochu acquires Antichi Pelletieri
By 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 […]
0 Comment
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 […]
0 Comment
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 […]
0 Comment
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 […]
0 Comment
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 […]
0 Comment
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 […]
0 Comment
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 […]
0 Comment
Tiffany’s Q1 sales gain
Iconic jewellery Tiffany’s has posted an 8 percent profit rise on sales up 6 percent in the first quarter. Despite higher gross margins, the jeweller warned that rising precious metal prices could affect margins next fiscal year. Net income for the quarter ended 30 April rose to $43.1 million from $40.1 million on sales of […]
0 Comment
Ralph Lauren receives 15m bonus
Last week Polo Ralph Lauren Corp stated its Chief Executive Ralph Lauren received a $15 million bonus for the 2006 fiscal year ended March 31. This was a 13 percent increase from his $13.26 million bonus in the previous fiscal year and Lauren was also granted restricted stock valued at $4.31 million, compared with a […]
0 Comment
Liz Claiborne looks at British brands for portfolio
Paul Charron, Liz Claiborne’s chief executive, is expected in London next week to develop a new strategy for the UK. The company is looking to expand the presence of some of its 40 existing brands in the UK, as well as buying new fashion labels. The acquisitions will be in the $100 million (£54 million) […]
0 Comment
Recent Comments