Dolce & Gabbana opens new children's wear boutique in London Friday, 6th December 2013
Dolce & Gabbana this week opened its first children’s wear store in London. The new 70 sq ft store features the complete children’s wear range, including its newest collection for children up to the age of 12, vintage pieces and accessories. The expansion comes a year after D&G opened a pop-up children’s wear store on London’s Bond Street.
Chanel bags tannery to guarantee luxury leather supply Friday, 6th December 2013
Chanel has snapped up its lamb hide provider in an effort to guarantee long-term supplies and to control quality.
Tesco announces plans for its second-generation tablet computer Thursday, 5th December 2013
Back in September Tesco made its first foray into the tablet computer market when it launched its £119 Hudl device. 300,000 sales later and Tesco is planning to bring out its second-generation device by 2014. “The new version will be an enhanced version,” said Tesco’s chief executive, Phillip Clarke.
Italian state-backed fund eyes Versace in potential €1.1bn deal Thursday, 5th December 2013
The Fondo Strategico Italiano (FSI) is rumoured to be willing to put in an offer for the Versace fashion house which would value the business at EUR 1.1 billion.
Shopper queue from 1am for new Aldi store Thursday, 5th December 2013
Discount food grocer, Aldi, greeted around 90 exuberant shoppers at 8am this morning for the opening of its new 935-sqm store at the Meteor Centre in Derby. Each customer – some of whom had queued since 1am – was awarded with a golden envelope which contained prizes, including a personal computer, 23” HD Ready TV, CD players and Aldi goody bags.
Guess cuts revenue forecast as the euro remains flat Thursday, 5th December 2013
Guess Inc has cut its full-year revenue forecast as it anticipates a significant decline in European sales.
Kering confirms exclusive MBO talks taking place for loss-making La Redoute Thursday, 5th December 2013
On Wednesday My-Retail Media brought you the news that Kering board members were sitting down to discuss the imminent sale of its mail order unit, La Redoute. Now, after considering bids from five possible suitors, the company has opted for a management buyout (MBO).
Mulberry presses on with international expansion despite fall in profit Thursday, 5th December 2013
Mulberry posted a 28 per cent fall in profit on Thursday, as the premium accessories brand invests in a luxury positioning.
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