The mail-order division of insolvent German retailer Arcandor is likely to be sold in October, a spokesman for the administrator said, confirming a report that a sale was on the cards in the coming weeks.
A riot of colours, fabrics, prints and styles swept down the catwalk at London Fashion Week, from Mark Fast's so-called body conscious knits to feminine dresses with a darker edge from Kinder Aggugini.
London fashion designers say mass retailers do not necessarily undermine their business and can actually be of help, but acknowledge that they have awakened a desire among shoppers for frequent refreshing of stock.
Fashion design house Nicole Farhi aims to manage costs by negotiating with European suppliers and hopes that strong internet trading will offset higher operating costs due to a weaker pound, its managing director said.
U.S. jeweler Zale Corp will restate its financial statements for fiscal 2008 and interim periods in 2008 and 2009 to record a "significant" portion of its prepaid advertising costs as expense rather than capital costs, according to a securities filing.