UK-based furniture retailer DFS had a good half-year in the six months to January 28 with sales and profits rising.The chain sells its own brand, as well as owning Dwell and making sofas under the French Connection name.
Mike Ashley’s interest in Debenhams is now heading towards 13.5% with news that the Sports Direct Group he controls has raised its interest in the retailer again. The move increased specualtion on his long-term plans.
The list of bidders for Jaeger has grown and it looks like Edinburgh Woollen Mill could be in the lead with sources saying its owner’s track record of succesful turnarounds gives it a strong chance of winning the prize.
Christos Angelides has been named CEO at Reiss, confounding expectations that he would take the top clothing role at M&S. His new role at Reiss is part of a “planned succession process” and looks like a good fit.
British formal menswear specialist Moss Bross is expanding its footprint in Ireland with a new store at Dundrum shopping centre in Ireland. The store will be the second store for the brand in the country.