The company behind Queen of Shops Mary Portas’ Kinky Knickers lingerie range has called in administrators, according to the Guardian. Headon & Quarmby featured in Portas’ Channel 4 series Mary’s Bottom Line, in which Portas reopens the company’s lingerie factory in a bid to prove that the UK manufacturing industry could be revived.
House of Fraser this week announced the launch of a new dedicated plus size online store for its online shoppers.
Britain’s second-largest fashion retailer, Next, has described its festive sales as “significantly ahead of expectations” after recording a 12 per cent sales boost. Sales for the period between November 1 and December 24 jumped 12 per cent year-on-year thanks to demand for seasonal jumpers and nightwear.
A surge in online sales has helped British department stores group, House of Fraser, to its best ever Christmas trading period.
In the three weeks to 28 December, House of Fraser recorded an online sales hike of 57.7 per cent, whilst like-for-like sales excluding VAT also went up by 7.3 per cent for the period.
Like-for-like sales for the first nine weeks of its fourth quarter were up 4.3 per cent, according to the firm.
House of Fraser could accelerate plans to list on the London stock exchange in time for the first quarter of 2014, as a number of new issues go from strength to strength. By listing early next year, it’s thought the department store could catch the current wave of new issues that saw the successful launch of Royal Mail and Merlin Entertainments.
House of Fraser is set to launch a men's lifestyle brand named Army & Navy this autumn.
According to the Sunday Times, House of Fraser is pushing ahead with plans for a stock market floatation which could see the company valued at between £300 million and £400 million. The department store is thought to be in the process of appointing investment bankers to oversee the flotation, with some saying an IPO could come as early as January.
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