Intu Properties, which owns shopping centres across the UK including the Trafford Centre and Lakeside, has acquired the Puerto Venecia shopping centre just south of Zaragoza in Spain. Intu exchanged contracts before Christmas with Orion European Real Estate Fund III C.V., a fund managed by Orion Capital […]

Germany fashion brand Gerry Weber International has agreed to buy Munich-based fashion group Hallhuber, as it looks to return to the menswear market as part of its expansion strategy. Gerry Weber is to purchase Hallhuber from private equity firm Change Capital Partners, for an undisclosed sum. The acquisition […]

Los Angeles based clothing retailer American Apparel confirmed yesterday that it was approached regarding a possible takeover, which could see the struggling company change hands for as much as 245 million US dollars. The company said it received "an indication of interest to acquire the company for […]

Rent the Runway, the web start-up that lets women rent designer apparel and accessories at affordable prices, has raised 60 million dollars in venture capital. Led by Technology Crossover Ventures, with participation from Bain Capital Ventures, Highland Capital Partners, and Advance Publications, Inc., […]

REPORT Nike in its fiscal 2015 second quarter results ended November 30, 2014 said that the company experienced strong consumer demand driving revenue growth across the portfolio. Diluted earnings per share grew faster than revenue, up 25 percent, primarily due to gross margin expansion and a lower […]

The black hole in Tesco's profits could be larger than predicted, warns analysts at JP Morgan. The profit from Tesco's UK subsidiaries over the last financial year was 319 million pounds less than the company reported itself in the UK, according to an analysis of accounts at Companies House by JP Morgan. […]

MySale co-founder and chief executive Carl Jackson shared his intentions to purchase up to 3 million pounds worth of shares, leading to a jump in shares from the fashion etailer on Wednesday, after a profit warning hit its majority shareholders earlier this week. Close to 140 million pounds was cut […]

After selling the last of it's remaining stock at 70 percent off earlier this week, struggling premium retailer has stop trading and sold off it's domain name to online giant Net-a-Porter Group. The website itself is no longer active and a message has been posted which reads: “We are […]

Italian fashion brand Roberto Cavalli is in exclusive talks with Italian private equity firm Clessidra regarding selling a majority stake in Cavalli to the fund, Clessidra announced in a statement on Wednesday. The aim of both companies is to reach an agreement by March 2015. Should the deal proceed […]

Online clothing sales were up 32 percent in November, the largest increase in 14 years on the month-on-month IMRG Capgemini e-retail sales index. Clothing sales were up 21 percent against the same month in 2013, according to the index, which tracks online sales data from more than 100 retailers in various […]

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