Make-up brand Iconic London has been acquired by Blue Gem Capital’s growing beauty division. The three-year-old brand joins an overall style-focused portfolio that includes Liberty London, Jack Wills and Mamas & Papas.
Swedish fashion retailer KappAhl reported its half-year results on Friday and they didn’t make happy reading. Bad weather, heavy discounts and collections that didn’t prove as popular as hoped all dented its figures.
Mothercare may have had a weak Christmas but rival Mamas & Papas fared much better. The retailer said this week that sales rose 2.7% in the six weeks to January 13 and that it saw record sales through its stores.
Nursery and maternity retailer Mamas & Papas saw a surge in business over the Christmas trading period, fuelled by a record Black Friday, investment in new formats and products, and a rise in personal shopping.
The DMC company, a jewel in the French textile industry's crown, will be acquired at the end of July by British investment fund BlueGem. The announcement was made on Friday by DMC's management, from its Mulhouse headq...