Burberry‘s share prices are up by more than 7% after reports surfaced that the British outerwear brand’s Italian rival Moncler may be considering a takeover bid. The surge in share prices came after the trade journal, Miss Tweed, reported that Moncler is bidding for Burberry, which has recently felt the pressures of the luxury market’s…
Fenwick is ringing in the festive season with the unveiling of its Christmas window display at its flagship in Newcastle. The window series retells the classic story of ‘The Twelve Days of Christmas’ but with a Fenwick spin, of course. The ‘Twelve Days of Christmas’ by Fenwick was reimagined by celebrated author and illustrator Chris…
The parent company of Selfridges saw losses more than double in its latest annual results, despite a 95.6% increase in revenue. Filings for Cambridge Retail Group, which is owned by Thai conglomerate Central Group and Saudi Arabia’s Public Investment Fund, revealed pre-tax losses hit £340.3 million in the year to 3 February, compared to a…
Marina Raphael, a sixth generation member of the Swarovski family and a fashion designer who designs handbags for her eponymous brand and Swarovski, has been appointed Artistic and Design Director of Handbags at Elie Saab. The creative partnership will introduce a fresh approach to Elie Saab’s handbag designs to expand the category, driven by Raphael’s…
Frasers Group’s Mike Ashley has labelled Boohoo Group “desperate” after the online retailer promoted Debenhams boss Dan Finley to CEO instead of appointing him to the role. Frasers, which owns brands including Sports Direct and Flannels, has built up a 27% share in Boohoo. Last month, the group published a letter attacking Boohoo’s management and…
Luxury fashion and beauty retailer Harvey Nichols has today announced the appointment of Kate Phelan to the newly created role of Creative Director, with immediate effect. Phelan, one of Britain’s most esteemed stylists, is described as “a pivotal figure in the modern British fashion scene”. Her illustrious career is marked by significant roles at British…
British brand Barbour has launched its fifth collaboration collection with cult New York-based label Noah. The range includes three jacket styles inspired by Barbour’s archives and reinterpreted with Noah’s “irreverent menswear style”. The ‘Bedale’ jacket is a unisex style inspired by Barbour’s most loved jacket, which was first introduced to the range in 1980. With…
eBay is hosting an immersive holiday shopping experience “Listings in Lights” in central London to make it easier than ever to shop for pre-loved presents. Taking place at Outernet at Tottenham Court Road on the 8-9 November, the experience will bring pre-loved inventory from sellers across the UK together in a live shoppable light installation. Passersby…
Here are some of this week’s news and features highlights handpicked by TheIndustry.fashion team. Boohoo appoints new head, rejecting Mike Ashley’s attempted boardroom takeover No sooner had Frasers Group’s Mike Ashley made it clear he felt he should be CEO of Boohoo Group (he currently owns around a 23% stake), than the online fashion made…
UK footfall across all retail destinations decreased by 1.1% year-on-year in the four weeks from 29 September to 26 October, down from +3.3% in the previous month. High streets bore the brunt of the footfall decline, dropping 3.6% year-on-year, down from +0.9% in September, with shopping centre footfall also decreasing by 1.6% year-on-year in October,…
