Retail giant House of Fraser has acquired London-based premium brand Issa for an undisclosed sum. The purchase underpins its strategy “to invest in improving the quality and designs of the most popular house brands.”
Just a few months after saying it had no plans to re-open UK stores, Dutch lingerie giant Hunkemöller has said it is now planning to open stores and is seeking a site on London's premier shopping street, Oxford Street.
The exchange of executives between luxury’s biggest online names continues with news that Paul Brennan is the new chief operating officer of Browns, the London luxury retailer that is now part of the Farfetch group.
Good news: House of Fraser profits rose fast in the year to January 28. Any bad news? Well, the company warned that trading is still volatile, overall sales were flat and comparable sales edged up a tiny 0.9%.
A Sky News exposé has shown real fur being labelled as faux and sold by major UK chains. The retailers appear to be unaware of the presence of real fur but have vowed to tighten up their supply chains.
Debenhams' chairman has urged retailers to think about offering consumers more experiences rather than selling them more “stuff”. He said consumers, particularly Millennials, want to do more than just buy products.
There are big changes ahead for House of Fraser as the mainly-UK department stores chain cuts some brands, boosts others, adjusts the category mix to reflect modern shopping habits and to focus on its key consumer.
Reports of atheisure’s death are premature and the category is entering a new phase that will see it stronger was the message of a Euromonitor briefing on the future of one of the industry’s most dynamic categories.
The Foschini Group (TFG) has acquired Damsel in a Dress, the UK-based premium womenswear brand to add to its growing portfolio of mid-market UK brands. The company has named a new design head and brand strategy leader.