Prada opens new store at Gold Coast, Pacific Fair, Australia

Prada has recently opened a new store on the Gold Coast in Australia at Pacific Fair. The store covers 310 square metre and features apparel, leather goods, accessories and footwear for men and women. The store comprises a succession of rooms, each featuring a different atmosphere.

Sir Philip Green in BHS talks with Pensions Regulator

Sir Philip Green has been in secret negotiations this week with the Pensions Regulator about plugging BHS’s £571m pension shortfall, Frank Field, chair of the Work and Pensions select committee has revealed. The Topshop tycoon had promised publicly to “sort” the retailer’s pension deficit in a testy evidence session in Westminster two weeks ago, after... Continue Reading →

H&M to expand into regional Australia

Swedish fashion house H&M is showing no signs of slowing its Australian expansion, declaring plans to reach out to regional areas through the addition of two more stores. The group already has nine in operation on the east coast and one in Western Australia just two years after launching with much fanfare in Melbourne. It... Continue Reading →

Tesco To Sell Coffee Chain To Caffe Nero

Tesco (Xetra: 852647 - news) has announced it plans to sell coffee chain Harris (Stuttgart: HRS.SG - news) and Hoole to Caffe Nero - as boss Dave Lewis said he was encouraged by progress across the wider business. It (Other OTC: ITGL - news) follows the recently announced disposals of garden centre chain Dobbies ,... Continue Reading →

Max Mara Group launches two new brands

Max Mara Group has added to its portfolio by launching two new brands with a contemporary, accessible positioning: Tresophie and AIIM will be available with the Spring 2017 season and will be initially distributed via physical and online multi-brand stores, then via their own e-stores from the end of 2017. Through Tresophie, the Italian group... Continue Reading →

Is Ralph Lauren moving away from luxury?

Ralph Lauren has always been associated with luxury and privilege and it's polo player logo has been synonymous with dressing elites around the world. Since the American-based fashion giant announced earlier this month it was to close a significant amount of stores and let go of 1,000 employees there have been plenty of questions as... Continue Reading →

Japanese retail giant Uniqlo coming to Disney

Japanese specialty apparel retailer Uniqlo is expanding its U.S. presence into the Southeast, and is also expanding its relationship with Disney.  The company will open a two-level, 25,000-sq.-ft. store on July 15 in Disney Springs at Walt Disney World Resort in Lake Buena Vista, Florida. It will be Uniqlo’s first location in the Southeast.  The... Continue Reading →

BHS eyes store closures and pension fix

Retailer has appointed KPMG to draw up options that will enable the company to drastically reduce its 170-strong store estate The owners of BHS are planning a radical overhaul of the struggling high street chain that is expected to trigger significant store closures, the restructuring of its massive pension scheme and further job losses. The... Continue Reading →

Tesco sells Dobbies Garden Centres for £217m

  Tesco has sold its garden centre chain Dobbies for £217m as the retailer continues with its strategy of focusing on its supermarket business. Dobbies has been sold to a group of investors led by Midlothian Capital Partners and Hattington Capital. The sale comes a week after Tesco announced the sale of UK restaurant chain... Continue Reading →

South Africa’s Steinhoff buys 23% of Poundland

JOHANNESBURG/LONDON: South Africa's Steinhoff International Holdings NV has bought 23% of Poundland Group Plc and is considering a full cash bid for the British no-frills homeware chain in its latest attempt to expand in Europe. Steinhoff, a $22 billion furniture conglomerate which has lost out in two high profile takeover battles already this year, said... Continue Reading →

Golden Goose opens new store in London

Italian luxury brand Golden Goose has opened its first store in the U.K., located on Dover Street in London’s Mayfair.Spanning two floors, the 950-sq.-ft. space stocks the brand’s women’s and children’s collections, as well as the men’s wear range, Haus by Golden Goose. The space has a minimalist decor that showcases the brand’s colorful pieces,... Continue Reading →

The 10 most valuable brands in the world

Google has overtaken Apple to become the “most valuable global brand” this year, according to brand consultancy Millward Brown’s annual BrandZ rankings. Just like last year, technology brands dominated the top 10. These are the top 10 most valuable brands in the world and an analysis of what happened over the last 12 months to... Continue Reading →

Chanel opens in Vancouver largest retail space in Canada

CHANEL has opened a large ground-level boutique inside of Vancouver’s Holt Renfrew at CF Pacific Centre, replacing a previous location on the women’s upper-level designer floor. Although a shop-in-shop, Vancouver’s new Chanel concession is now Canada’s second-largest location, featuring the country’s first Chanel fine jewellery and watch boutique. The boutique also features ready-to-wear, handbags, shoes,... Continue Reading →

Clicks to manage Netcare’s Medicross pharmacies

RETAILER Clicks will takeover managing private hospital group Netcare’s 37 Medicross branded retail pharmacies and its 51 hospital "front shops", the two JSE-listed groups said in a joint-statement on Wednesday. The agreement excludes the dispensing of prescriptions in the Netcare Hospital pharmacies, which remain within Netcare’s hospital operations. Specific employees involved in these areas of... Continue Reading →

Harry Ramsden Owner Snaps Up Tesco’s Giraffe

The tycoon who owns the Harry Ramsden's restaurants will add to his portfolio of casual dining chains this week by snapping up Giraffe from the UK's biggest retailer. Sky News understands that Boparan Ventures, the private investment vehicle of Ranjit Boparan, a wealthy entrepreneur, is the mystery buyer who has agreed to acquire Giraffe from... Continue Reading →

Mr Price raises sales amid weak economy

Johannesburg - Mr Price said yesterday that its sales exceeded R20 billion and earnings exceeded R10 a share for the first time since the group’s inception.  Chief executive Stuart Bird said the figure represented an important milestone for the company. “We are very satisfied with these results, particularly after considering the headwinds that we confronted... Continue Reading →

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