One of the UK’s highest profile high street fashion names is believed to be seeking a new minority investor or possibly even a new owner with Jigsaw as the UK fashion retail sector faces ongoing weak sales.
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.
Chitose Abe is the most influential designer out of Asia this century; the woman who single-handedly revived Japanese fashion and current star of Colette and Dover Street Market, but her style is pure jumbled-up Tokyo.
There was a new, giddy and youthful buzz at London Fashion Week Men’s this season, in part boosted by the surprise showing in the UK elections of Jeremy Corbyn, a 67-year-old much admired by young people in Britain.
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.