Month: November 2019

Despite weaker sales in the UK and Europe, Nike has announced a 19% increase in third-quarter profits on the back of strong sales in its core US market. The Group stated profits rose to $325m (£186m) during the period. Robust sales of footwear and clothing offset stagnant demand in Europe and Japan, Nike said. Total…

Lingerie designer Agent Provocateur has persuaded Kate Moss to make her movie debut – in a series of sensual short films. In the four four-minute movies, which will be released over a period of weeks on the firm’s website, Miss Moss can be seen in various states of undress acting out a dream sequence. The…

Retail research group SPSL’s Retail Traffic Index for May showed shopper number falls of 3 % year-on-year and 2.7% against April. This makes it 10 months out of the last 12 in which a year-on-year decline has been recorded. Neither of the two May Bank Holiday weekends recorded year-on-year improvements in the number of shopping…

London-based fashion label Temperley is one of several brands to consider selling a stake to a private equity company in order to aid financial expansion. “Private equity is certainly one of the potential sources of funds,” Lars von Bennigsen, Temperley chief executive and husband of designer Alice, told WWD. “The business is growing very fast…

Jeweller Links of London is for sale for up to £100 million. Founding owners – and husband and wife – John Ayton and Annoushka Ducas decided to put the company up for sale after receiving several approaches. They have released a memorandum to potential financial buyers stating the asking price. According to one private equity…

Online fashion retailer Asos has doubled sales for the year ended 31 March to £38.4 million. The company said it expects profits to be better than expected. The results appear stronger than they otherwise might due to the fire in its Buncefield depot that destroyed half of the company’s stock last year, causing lower sales…

Sportswear giant Nike has pledged to crack down on the amount of overtime done at factories it uses worldwide as part of efforts to improve working conditions. The sportswear firm will seek to abolish “excessive” overtime at its 700 contract factories by 2011, a move which would affect 800,000 workers. Nike gave details of all…

One wouldn’t normally accuse the Beckham’s of being publicity shy. However the famous couple was very upset when Ralph Lauren’s press office launched a release their sons wore Polo by Ralph Lauren to ex Spice Girl Geri Halliwell’s christening, without having given consent. Ralph Lauren issued a press release shortly after the christening revealing that…

Emap, the publishing house responsible for magazines such as Pop and Grazia, last week stated it will deliver earnings in line with forecast for the current year despite weak sales for its UK consumer titles. The company said revenue for its consumer magazines fell 8% for the quarter to end of June with advertising down…

The People for the Ethical Treatment of Animals, PeTa are taking Stella McCartney under fire. Stella, daughter of ex-Beatle Sir Paul and Linda McCartney, allegedly used partly kangaroo leather to produce her Adidas shoe collection. The new shoe range is supposed to be launched at London Fashion Week in September of this year. Several animal…