Retail news
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Administration not on the cards at Baugur
- Posted:
- 15 October 2008 09:12
Baugur has denied that it is looking at placing its UK business into administration following reports over the past few days that it had lined up BDO Stoy Hayward to look at a possible administration to speed up a rescue deal. The Icelandic investment company said that it had not ...read more
Is the future Green for Baugur brands?
- Posted:
- 13 October 2008 09:19
;Topshop tycoon Sir Philip Green is poised to increase his influence over the UK high street after talks were held in Iceland to buy the £1 billion of debt held by Baugur. The group, which has stakes in, amongst others, Hamleys, frozen food chain Iceland and Karen Millen, is thought to ...read more
Mosaic sees sales rise but warns of tough times
- Posted:
- 02 October 2008 09:48
Mosaic Fashions has reported total group sales up 5%, excluding Whistles, in the half year to July 26th, with EBITDA up 6% to £33.4 million. The group, which operates brands including Karen Millen, Oasis, Coast and The Shoe Studio Group, sold Whistles at the end of last year to ex-Topshop ...read more
Topshop New York opening delayed again
- Posted:
- 22 September 2008 09:16
Topshop New York will not now open until after Christmas, after Sir Philip Green ran into building difficulties. Sir Philip denied that the delay had anything to do with the economic situation. The brand's first store in the US will now open in the spring. ...read more
Sales of Sainsbury’s clothing soars
- Posted:
- 08 July 2008 09:31
Tu, the clothing brand owned by Sainsbury's, now has 1% of the market with annual sales of £300 million, largely due to a 100% rise in sales of lingerie. The brand has now overtaken Topshop to become the UK's 11th largest clothing retailer. Speaking to the one national newspaper, Adrian ...read more
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