Department store Debenhams is celebrating its 200 year anniversary with an exclusive limited edition collection spanning across fashion and homewares. The collection, designed exclusive by its Designers at Debenhams, includes a floor-length gold sequin dress by Julien Macdonald, a luxury leather nude coat from Betty Jackson, as well as decorative plates and mugs designed by John Rocha, Ben de Lisi and Matthew Williamson...Read More
A quick look at Milan Fashion Week for SS14 shows..
1. An effortless, elegant and chic collection at Jil Sander
2. A succesful debut of Tod's ready-to-wear with Alessandra Facchinetti at the helm as creative director
3. Miuccia Prada's feminist statement at Prada
4. Golden coins as a cental theme at Dolce & Gabbana's first collection since the designers conviction of tax evasion
5. High expectations being met at Alexis Martial's first show for Iceberg...Read More
Swiss luxury brand Bally has appointed Frederic de Narp as its new chief executive, effective November 4.
De Narp joins Bally from his position as president and chief executive of Harry Winston, where he has been credited with turning around the luxury jewellery and watch brand...Read More
British footwear designer Nicholas Kirkwood has sold a stake in his fashion label to LVMH to help him expand his brand internationally and “further develop his vision”. The French luxury conglomerate group behind brands including Louis Vuitton, Céline, Givenchy and Bulgari, has acquired a majority stake in Nicholas Kirkwood and will provide its “expertise” to help the footwear designer focus on the creative aspect of the business...Read More
REPORT_ For the fourth quarter Asos retail sales showed growth of 47 percent. International sales were 64 percent of total retail sales over the period compared with 65 percent last year. Asos expects profit before tax for the year ended August 31, 2013, to be marginally above expectations...Read More
The struggling Australian surfwear company Billabong has once more accepted help in form of a refinancing plan, this time from New York-based Centerbridge Partners and Los Angeles-based Oaktree Capital Management, together known as C/O Consortium. In July, Billabong had announced a deal with private equity firm Altamont Capital Partners and GSO Capital Partners that included a bridge loan for 294 million dollars...Read More
REPORT_ Dick’s Sporting Goods unveiled its detailed long-term plan and key strategies to deliver sales and operating profit growth and drive shareholder value over the next five years. During its analyst day meeting, the company presented a sales target of 10 billion dollars by the end of fiscal 2017, representing a 5-year compounded annual growth rate (CAGR) of approximately 11 percent from fiscal 2012 sales of 5.8 billion dollars...Read More
Marigay McKee, chief merchant at Harrods, has been confirmed as the new president of Saks Fifth Avenue, following Hudson’s Bay Company’s acquisition of the American retailer. The appointment will take effect shortly after completion of HBC’s acquisition of Saks, which is expected to close before the end of the year...Read More