REPORT In its annual report for the 52 weeks to May 31, 2014, Fat Face said that its revenues grew by 11.9 percent to exceed 200 million pounds (310.7 million dollars) for the first time and a focus on improving gross margin throughout the group ensured that the conversion of sales to EBITDA was strong. […]

REPORT Full price sales in the 58 days from October 28 to December 24, 2014 at Next, were up 2.9 percent, towards the upper end of the fourth quarter sales guidance range issued in its October statement. Total sales for the year to December 24 were up 7.7 percent. The company expects full year profits […]

Former Jaeger owner Harold Tillman has made an approach to buy back the upmarket store chain and fashion label he sold 2 years ago, the current owners, private equity company Better Capital, reels from the collapse of one of its other investments. Tillman contacted Better Capital founder Jon Moulton […]

A week after Los Angeles-based fashion retailer American Apparel confirmed a possible takeover bid, rumours have emerged the retailer has hired investment bank Moelis & Co. to investigate strategic options for the company's future. According to WWD, sources familiar with the matter Moelis & Co. will […]

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. […]

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