Jil Sander to open London store
By FashionUnited
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Jil Sander, the German label now designed by Raf Simons, is to open a new London flagship after it closed its Burlington store amid losses. Losses for the luxury brand plummeted from £20 to £25 million for the year ended 31 January and sales were below the £93m target at £86m. However, losses were due in part to one-off restructuring costs, including the transfer of some operations from Germany to Italy. Change Capital acquired the label from Prada for an undisclosed sum earlier this year.