The management of upmarket fashion chain Hobbs is this week due to meet prospective buyers sizing up a GBP100m takeover deal. Baugur and private equity firms 3i and PPM Ventures are among those interested in acquiring Hobbs from its 80 per cent owner Barclays Private Equity.

Phillips-Van Heusen Corporation has posted better-than-expected Q3-results boosted by growth in its Calvin Klein business. The company reported third-quarter net income of $26.7 million compared with last year's $17.0m. Like-for-like profit during the three-month period rose to $30.6m which ahead of […]

Spanish fashion retailer, Inditex SA, has said that it has no plans to acquire Italian clothing chain La Rinascente. A spokesperson for Inditex, known for its Zara brand, said: "We are not interested in the operation." Retailers Inditex, Benetton and Hennes & Mauritz were reputed to be interested […]

The concept of couturiers working with high street retailers is a successful one. This was demonstrated by the instant sell-out of Karl Lagerfeld's collection for H&M in Paris last Friday. Now the French mail order catalogue La Redoute has revealed its new spring/summer 2005 issue, which includes […]

Ralph Lauren closed New York Fashion Week with one of him most subtle and elegant collections to date. Satin-looks, almost all in ivory, came down the runway in an ode to sophisticated Hollywood. Lauren, himself, described the collection as "romantic silhouettes in soft feminine fabrics to creat an […]

Marks & Spencer is expected to terminate its contract with David Beckham earlier than expected as part of its efforts to rationalise its range of sub-brands, reported The Financial Times. The Beckham deal, launched to much fanfare in spring 2002, had been set to run into the spring, but it is now […]

The UK high-street retailer French Connection said today that it expected profits to be "significantly below expectations". The fashion chain said that its winter collection had failed to entice customers. Full year profits are anticipated to reveal a 15% decline as opposed to last year, after an 18% […]

The German sporting goods group Adidas-Salomon has opened a Sport Performance Store on Oxford Street in London. The store consists of three storeys and 1,200 square metres. There are Performance stores in Marseilles, Toulouse, Las Vegas, Lisbon, Manchester and Osaka. The Group will shortly be opening […]

Gap is to test a new store concept next aimed at women over 35. The unnamed chain will be tested in the first half of 2005 and will include clothing for all occasions.

The newest hype in technology appears to be the fabric phone. Smart Textiles will allow an entire phone to be woven into the fabric of a jacket. The keypad will consist of a touchpad on the sleeve and there will be no need for a screen as this new phone will be a basic calls-only device. A Bluetooth […]

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