Good Christmas trading is no guarantee of survival in the UK fashion retail market. Womenswear chain East filed for administration Monday less than a month after reporting a festive sales uplift and rising e-sales.
Luxury brands at London’s St Pancras International enjoyed a bumper Christmas season, with like-for-like sales up 10.1% over the period, compared with the 0.6% growth reported by the wider retail sector.
And they are off. Applications opened Friday for aspiring talent in the LVMH Prize, the most financially beneficial annual award in fashion. Young hopefuls - limited to under 40 years - have until February 4 to apply.
Thomas Pink is looking forward to a brand "renaissance” after saying the former creative director of Dunhill is joining the high-end shirts and accessories brand. John Ray has also been menswear creative chief at Gucci.
Online menswear retailer The Idle Man has received £1.4 million in funding from private equity firm Foresight Group and angel investors including Thomas Pink founder and Hunter Boots chairman, Peter Mullen.
Across 53 venues and three days, 'Les Journées Particulières' saw 145,000 visitors take part in its third edition. The event, helmed by LVMH Group, showcases the savoir-faire of the group's maisons to the public.