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Fashion brand Jaeger attracts suitors after sales grow 8% and losses fall for second year running

7 October | 10:36 PM | Daily Mail | Money

Private equity tycoon Jon Moulton is considering selling upmarket fashion brand Jaeger after being approached by suitors for the business. The retail chain recently parted company with chief executive Colin Henry less than a year after the departure of former chairman Peter Williams, a former boss of Selfridges, who stepped down no more than six months after being appointed.


Asendia - eCommerce


DFS reveals strong sales and a dividend in its maiden results

The furniture retailer DFS has unveiled a 7pc rise in sales in its first set of results since joining the London stock market. DFS, which was valued at more than £500m when it floated in March, said gross sales of £913.1m had been boosted by new store openings and growth in its Dwell and Sofa Workshop brands.


Opening the books on Christmas sales

"Super Thursday" has recently become the biggest day of the year in the UK's book industry, when almost every publishing company releases its Christmas list. And with Christmas presents accounting for 30% of all the books we buy, cookbooks and celebrity memoirs figure heavily in the line-ups because they remain the book world's most popular festive gifts.

Victoria Secret models

Victoria's Secret being accused of yet another Photoshop fail

Victoria's Secret is being called out yet again for a photo-editing job gone wrong, as the lingerie giant is receiving harsh criticism from customers for airbrushing away half of a model's derriere.

My Tube: Karl Lagerfeld's Interview - Spring-Summer 2016 Ready-to-Wear CHANEL show
Karl Lagerfeld's Interview - Spring-Summer 2016 Ready-to-Wear CHANEL show
Asendia - eCommerce

American Apparel1

American Apparel Gets Quick OK for $90 Million in Financing

American Apparel Inc. won quick court approval to tap into loans of as much as $90 million while it tries to reorganise its finances after years of losses. The Los Angeles-based T-shirt maker filed for bankruptcy Monday, plagued by cash-flow problems and the antics of its allegedly wayward founder. On Tuesday, US Bankruptcy Judge Brendan Shannon in Wilmington, Delaware, gave initial approval to the $90 million in financing


Sports Direct falls 3% as it takes full control of Irish retailer Heatons

Sports Direct International is on the slide after unveiling a deal to take full control of Irish clothing retailer Heatons. Mike Ashley’s retail business currently owns 50% of Heatons, which has 44 stores in the Republic of Ireland and ten in Northern Ireland, and is paying €47.5m for the rest. Heatons has a Sportsworld section in 27 of the 44 stores in the Republic, while the ten stores in Northern Ireland incorporate a Sports Direct section or have a Sports Direct outlet as part of the premises.


Balenciaga announces Demna Gvasalia as Wang successor

From relative unknown to artistic director of Kering’s tastemaker label, Demna Gvasalia has been revealed as Alexander Wang’s successor for the fashion house. Having studied in Antwerp at the Royal Academy of Fine Arts, Gvasalia counts stints at Maison Martin Margiela and Louis Vuitton, before launching his own brand, Vêtements.

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