From around the web and the nationals:
Hot Tuna, the surfwear brand, may be sold after the board announced that it will be difficult for the company to raise new investment from existing shareholders for the development and promotion of the brand due to current trading being below budget. For the year to June 30 revenues should be in line with the board’s expectations but losses will be below that previously expected. Sales during the first four months of the current financial year are 65% ahead of the same period last year. The brand said sales to UK stockists for spring 12 is lower than hoped due to the tough economic climate. Executive chairman Francis Ball, chief executive officer Geoff O’Connell and brand director Oscar Verden have indicated that, on completion of the sale of the brand and the assets and liabilities, they will step down from the board.
White Stuff, the lifestyle retailer, has relaunched its website with new features including 360 degree photography and customer review sections. Customer interaction on the site has been ramped up and customers are now able to ask questions and post pictures and videos.
Lyle & Scott, the young fashion brand, is set to feature in a new mini-series on Channel 4. Curated by Lyle & Scott will feature highlights from gigs in London, Manchester and Bristol showcasing emerging music talent. The three 11 minute episodes will launch in the new year.
Victoria Beckham scooped the Emerging British Luxury brand at the annual Walpole awards this week as Sarah Burton, chief designer at Alexander McQueen won the British Luxury Design Talent award. Other winners included Hermes for International Luxury Brand, Mulberry for British Luxury Overseas, Mr Porter scooped British Luxury Brand Online and Church’s English Shoes won Best British Craftsmanship.
Nick Robertson, chief executive of Asos was yesterday awarded the Officer of the British Empire at Buckingham Palace. Robertson founded Asos in 2000 and has seen the etailer grow hugely. In its latest results announced earlier this month half-year profits before tax and exceptionals soared 66% to £11.7m as group revenue jumped 56% to £217m in the six months to September 30 driven by its soaring international sales.