Ozwald Boateng considering expansion

British tailor Ozward Boateng is planning a £150m expansion

of his brand. The Savile Row stalwart has held talks with banks and institutional investors about the plans, which could see a £150m investment by 2016.

Each store launch will cost £1.5m on average and will be planned and funded under a joint-venture or franchise model.The move will be a major boost for the UK's luxury brand sector.

Mr Boateng currently operate his successful retail business from his menswear shop on Savile Row, London, and played a significant role in revolutionising men's fashion when he first launched in the 1990s, says the Telegraph.