Mobile orders surged across Yoox Net-A-Porter’s sites for Cyber Weekend with the firm saying they accounted for two-thirds of sales on Sunday. And total orders peaked at more one per second on Black Friday.
First it was Shop Direct calling off its mega-billions sale and now Kaupthing is believed to have ended the bidding process for its trio of key (but far less valuable) UK fashion brands, Oasis, Coast and Warehouse.
Cartier-maker Richemont said its sales rose by a better-than-expected 12 percent at constant currency in the five months to Aug. 31, helped by easy comparables and a strong performance in its jewellery business.
Georges Kern, tipped as a potential chief executive of Chloé and Alaia owner Richemont , left the luxury goods group abruptly on Friday just four months after taking over as head of its watchmaking division.
News last week that Gerry Weber Group executive Norbert Steinke was stepping down from the management board has been followed up with an announcement that he is also quitting as Hallhuber managing director.
The bidders for Oasis, Coast and Warehouse are reported to include Philip Day, Foschini, Alteri and Truwowrths, but they are believed to have offered less than half the £100m the trio's owners had wanted.
Over 1,700 jobs appear to have been saved at Style Group after a group of investors including Harold Tillman mounted a successful rescue bid for the troubled womenswear firm and hinted at a possible move into menswear.
Retail entrepreneur Philip Day has confirmed he is the mystery buyer of Jaeger. The billionaire Edinburgh Woollen Mill owner revealed the news as he opened the first of what will be a new chain of UK department stores.