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Daily Round Up: Madonna; Vans; Yves Saint Laurent; Selfridges; Uniqlo and M&S

madonna oscars

Stories from around the web and the nationals:

Madonna (pictured) will launch a fashion line next year, aimed at women aged 27 to 50. Truth or Dare will initially focus on footwear, handbags, accessories and fragrances, according to New York’s Iconix Brand Group.

Selfridges will report a 19% rise in profits to £127m when it files figures for the year end Januay 2011 later this week. Sales across Manchester, London and Birmingham rose 11% to £950m. Anne Pitcher, MD told the Sunday Times the mix increasing mix of luxury, high street and value brands meant Selfridges was “welcome to everyone”.

Levis global president Robert Hanson will step down as of November 27. His departure comes a year after a group meant regional presidents have been replaced by individual brand presidents.

Fast Retailing CEO Tadashi Yanai told the Sunday Times that he wants Uniqlo sales to reach $60bn (£37.5bn) by 2020, with annual profits of $12bn (£7.5bn). He plans to have 4,000 stores globally, up from 1,000 today.

Vans founder James Van Doren has died at the age of 72. Van Doren, who co-founded the skateboarding brand in California in 1966 died on October 12 after a long illness.

Al Gore, the former US vice president and climate change campaigner, will be one of the first tenants of sustainable retail development AirW1 on Glasshouse street in London’s Piccadilly, according to reports. Gwyneth Paltrow’s Coach accessories brand will open its third London store at AirW1.

Loulou de la Falaise, the creator of jewellery and hats for fashion designer Yves Saint Laurent, died on Saturday aged 63, the Yves Saint Laurent-Pierre Berge Foundation announced.

Marks & Spencer is expected to post an 11% drop in pre-tax profits for the six months to the end of September when the retailer releases its interim results tomorrow. Sales of general merchandise including clothing are expected to drop by 3%.

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