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Billabong confirms sales talks still ongoing, despite TPG’s ‘concerns’ Thursday, 4th October 2012
Billabong was this week forced to issue a statement confirming talks are still underway with TPG, over a potential sale of the group. According to the Financial Times, the Australian sportswear retailer denied the deal had been called off, although it did admit TPG had raised concerns over a number of issues during its due diligence investigations of Billabong.
Clarks Shoes crowned top retailer Friday, 8th June 2012
The Somerset-based shoe manufacturer has been listed as the country’s number one retailer in the ‘Clothes, shoes and accessories’ category of Which? Magazine’s survey of 100 stores. Listed in sixth place over all, Clarks managed to outperform rivals in its category including Primark and Marks & Spencer.
Billabong rejects TPG bid Monday, 27th February 2012
Photo by Steven Lippman for Billabong campaign
Billabong has rejected a takeover bid from TPG Capital, saying it was too low to consider. The Australian surf wear company said it is still in the process of negotiating a deal, but that an offer of AUD 765 million (GBP 514.79) was too low for the brand.
Bottega Veneta announces new mens flagship for Manhattan Monday, 23rd January 2012
After a storming success at Milan last week, it seems menswear may finally be taking centre stage in the fashion industry, as Bottega Veneta announces plans to open a men’s dedicated flagship store in New York for May this year. The Italian luxury brand will open on Madison Avenue on the corner of 67th Street and will feature men’s ready to wear, accessories, shoes and bags.
Mothercare H1 losses reach £80m, entire business in review Thursday, 17th November 2011
Maternity and childrenswear retailer Mothercare has put its entire UK business under review after it announced half-year losses of more than £80 million. The company, which operates 353 stores in the UK and 969 overseas, has already confirmed it will cut 110 UK stores, but added that it will look to adjust the size and shape of its business in line with current conditions.
O’Neill gets physical Thursday, 18th August 2011
The surf, snow and youth-orientated brand will launch a new activewear range for Spring as it widens its target market.
O’Neill 365 will cater for an older female customer living an active lifestyle, and will be fronted by Olympic swimmer Natalie Coughlin. The first collection will encompass 24 pieces covering basic activewear as well as more fashion-forward pieces.
Coughlin will front the label’s new venture as the face and body of O’Neill 365’s debut campaign set to launch in December. At 28, Coughlin represents the label’s new target customer, of women ahed 25 to 35.
“Even though I’m a swimmer, over half of my training is Pilates or running or lifting weights or hiking,” said Coughlin, who wore and gave feedback on key pieces in the first collection. “I have the legging and the capri and the sports bra and the wrap. I’ve been living in that wrap lately. It’s really, really cozy and perfect. I just had a long flight from New York and it was the perfect accessory.”
O’Neill aims to sell the new activewear line across its current accounts including Sport Chalet and Dick’s Sporting Goods. It will also be targeting less canvassed retailers such as yoga studios, activewear stores and upscale fitness clubs that sell clothes. Cedar Carter, director of marketing at O’Neill is confident the brand can make the crossover;
“We have always, as a brand, been known for innovation, with the invention of the wet suit, the coining of the term surf shops and the invention of the surf leash,” she said. “It’s going to be a natural thing for [customers] to see us coming out with activewear.”
New watch comes with breathalyzer to tackle boozy Brits Friday, 1st July 2011
It might not make you the most popular person at the party but a new watch featuring a breathalyzer could spell the end to embarrassing antics and missed curfews. Tokyo watch makers Kisai have incorporated a touch screen into its latest model, which opens a port at the side of the watch, allowing the user to blow into in order to gauge alcohol levels,letting you know if it’s literally and metaphorically time to head home.The model, which is made from stainless steel, is yet to be priced, but with binge drinking soaring in the UK it's likely to become a favourite 'take-a-hint' gift in time for Christmas.