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…
Category: News
Asos sales double
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…
Nike cracks down on working conditions
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…
Ralph Lauren in Beckham publicity stunt
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 profits on target with online expansion
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…
Stella McCartney under fire
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…
Online retail continues to grow
Online retailing is continuing to boom in the UK despite pessimism about the economy, according to retail analysts Verdict Research. The amount of money spent by consumers shopping online increased by 35% to £14.7bn last year, the fastest growth in six years – approximately 10 times that of the UK’s retail market as whole, reports…
Fashion Exports moves under BCIA
UK Fashion Exports has been moved under the British Clothing Industry Association umbrella as part of a plan to create a single voice for the country’s fashion and textile industry, reported WGSN on Friday. Peter Lucas, chairman of the BCIA, said his aim was to “use BCIA’s structure and financial strength to bring the industry…
London students rule
During a prestigious ceremony at the Museu Nacional d’Art de Catalunya, students from London’s Fashion Retail Academy were named winners of the Retail Futures Challenge at the World Retail Congress in Barcelona. Lisa Storrier, Arianna Wright, Julia Shipton and Michelle Hammon were wowed by the judges with their post recession retail concept of updatemywardrobe.com. The…
Nixon winner takes all
In its third year, Bobby Martinez won the first stop of Nixon’s ‘Winner-Takes-All’ at the Billabong Pro in Teahupoo, Tahiti. The winner who conquers the challenges of WTA is awarded with a limited edition Nixon timepiece. The WTA tests are at four stops along the ASP World Tour and include: heaviest wave in Teahupoo, Tahiti…