DposNews

Scottish cashmere manufacturer Ballantyne announced a partnership with Brooks Brothers and Massimiliano Zegna Baruffa. Under the terms of the deal Massimiliano Zegna Baruffa has acquired a 55 percent stake and Brooks Brothers has bought a 25 percent interest. Ballantyne is to retain a 20 percent shareholding in the knitwear factory. Financial terms were not disclosed. […]

Fashion retailer H&M is to open its first stores in Israel after signing a franchise deal with Match Retail Ltd. The first H&M store under the new partnership is due to open during 2010. “There has been a great interest in H&M from the Israeli market for quite some time and we believe that our […]

It will come as no surprise that UK retail sales are growing at their slowest annual rate in two-and-a-half years, figures from the Office for National Statistics (ONS) show. High Street sales fell by 0.4% in September, taking annual growth to 1.8%, from 3.3% a month earlier. However, it was better than the 0.9% monthly […]

Tommy Hilfiger this week announced an enviable increase in sales for the six month period to 30 September by 30.5% to €755 million. The acquisitions of two of its former licensees, including European footwear and Tommy Hilfiger Japan contributed to 16.4% of the total growth, the Group said. Despite the downturn in the current retail […]

British luxury brand Burberry Group plc announced its revenue was up 21% for the year ended 31 March 2009. The company stated its sales exceeded the GBP1bn mark for the first time, despite posting a loss of 5.1 million pounds, compared with a profit of 135.2 million pounds a year earlier. Adjusted profit before taxes […]

With less than a month to go until trade exhibition Margin, a plethora of great design talent and new brands confirmed to take part in the show. The organisers were keen to state it was not just newcomers who were showing but new labels launching for the first time globally that can give retailers an […]

Visitor numbers drop by 8%, 8700 sales points, over 18 thousand buyers and a flow of visitors that should exceed 30 thousand to Pitti Uomo, the male fashion show that closed its shutters last Friday at the *Fortezza da Basso*exhibition centre in Florence. The next appointment with the Florentine showrooms is planned for 25 to […]

Hidden gems will be up for grabs from 8-10th June 2009. Jewellers in Belgravia (London) are holding a treasure hunt for jewellery lovers and treasure seekers in celebration of Coutts Jewellery Week (8-14 June). The winner of the hunt will be announced at the annual Elizabeth Street Summer Party taking place on 10th June 2009 […]

Supermarkets have been flexing their muscles to gain ground from clothing retailers in the fiercely contested battle for the back-to-school uniform market. Sainsbury’s, Tesco and Asda have been fighting for bigger shares of the uniform market left wide open by the demise of Woolworths, which operated the Ladybird brand, and troubles at Adams, which was […]

C&J Clarks, the world’s biggest shoe company, is to start the search for a new chief executive following a decision by Peter Bolliger to step down after 15 years. Mr Bolliger, who joined Clarks in 1994 and has been chief executive since 2002, has told the board he wants to retire next year when he […]