Billionaire Philip Day is now in control of struggling Bonmarché after buying a 52% stake in the distressed retailer. The Peacocks and Jaeger owner will launch a bid for the remaining 48%, along with a business review.
Another week, another likely UK fashion brand going under. Liam Gallagher's label Pretty Green is expected to appoint administrators in the week starting March 25 as the weak retail environment claims its latest victim.
Luxury shoppers are using ‘cyber weekend’ to treat themselves to exclusives, including luxe watches and jewellery. They also want one-of-a-kind experiences, and are more influenced by Instagram posts than ever.
One of the abiding mysteries in luxury is the far greater ability of Paris brands to outperform their venerable, respected and often very classy London rivals. Dunhill may be about to become a significant exception.
The long-running story around the decline of what once were some of the most important brands in UK womenswear looks like it's reaching its end with administrators having failed to find a buyer for Calvetron Brands.