News in brief for the week ending February 9, 2008.
Atlantic Fashions is believed to be on the brink of finalising a rescue deal with one of its suppliers. The identity of the buyer was unclear as Drapers went to press. The value fashion chain appointed administrators Bond Partner earlier this month (Drapers, February 2).
My-wardrobe.com awarded Kevin Geddes its Design Incubator award. The etailer will launch the Coventry University student’s collection exclusively on its website in May. Geddes beat 34 students from UK universities with his collection of denim-based dresses, trouser suits and skirts.
Premium, Germany’s streetwear trade show, said its autumn 08 edition in Berlin last week attracted 16,354 visitors, with UK visitors making up 7% of the total. Premium’s spring 09 show will take place on July 19-21 during Berlin Fashion Week.
Triumph, the lingerie brand, has opened its fourth UK store. The shop in Cambridge joins the existing portfolio of stores in Basingstoke in Hampshire, Exeter in Devon and Walton-on-Thames in Surrey. The group, which also owns the Sloggi and Valisere brands, is looking for more sites in towns in southern England.
LVMH reported a 12% rise in profits for its fashion and leather goods businesses in 2007. The luxury goods group, which owns Louis Vuitton, Celine, Loewe, Thomas Pink, Fendi and Marc Jacobs, said profits at its fashion and leather goods division reached €1.8 billion (£1.3bn) for the period, with sales up 14% to €5.6bn (£4.1bn). Group sales rose 8% to €16.5bn (£12.3bn), while group profits jumped 12% to €3.5bn (£2.6bn).
Monsoon is in talks with recycled clothing label From Somewhere to launch a mentoring scheme for fashion students. The high street chain said the programme would focus on students interested in eco-friendly fashion. From Somewhere hopes to launch the initiative at London Fashion Week’s ethical section Estethica in autumn 09.
The Textile Industry Children’s Trust (TICT) has launched a website that enables people to contact the charity via the site. It has also unveiled a new-look brochure highlighting its work. David Carter-Johnson, chief executive of kidswear retailer Adams, heads the trustee board.
Fresca, the ecommerce provider that runs transactional websites for Mosaic Fashions, Harvey Nichols and Moss Bros, has been bought by BT. Telecommunications firm BT said Fresca’s domain expertise and complementary technologies would enable BT Expedite, BT’s specialist retail division, to deliver an integrated multi-channel shopping experience to retailers and customers.
Berkeley Search & Selection, the recruitment firm, has expanded its newly opened Huddersfield office. As well as being the company’s regional hub, the new office will house managing consultant Orlando Martins for the Executive Search division and a dedicated in-house research team.
DHL is the new official logistics partner for IGM Fashion’s international fashion weeks. IGM’s events include Milano Moda Uomo and the Mercedes-Benz Fashion Week in Berlin.
Esprit reported a 27% rise in group sales to HK$18.5 billion (£1.2 million) for the six months to December 31, with net profit margin increasing 1.4 percentage points to 17.8%. Brand president Thomas Grote said the growth was driven by like-for-like retail sales rising 7.9% and by expansion of selling space in core and new markets.
The Federal Reserve, the central bank for the US, has slashed interest rates, prompting analysts to upgrade the retail sector. Last week, retail shares posted gains, with analysts predicting better-than-expected results for January.
Bulgari reported a 13.7% leap in sales to €£1.09 billion (£818 million) for the year to December 31 at comparable exchange rates. The luxury group said sales of its core jewellery business were up by 20.1% during the period. Sales in the fourth quarter climbed 13% to €347.7m (£261m).
Fast Retailing, which runs casualwear chain Uniqlo, reported a 0.9% dip in like-for-like store sales for January compared with last year. The Japanese company said that total sales, including new stores and online and mail order sales, were up by 6.2%.
Printemps has promoted Didier Lalance, the head of the department store group’s flagship in Haussmann, Paris, to lead the strategic development of its sportswear chain Made in Sport. Made in Sport has 25 stores and an internet and mail order operation.
Bill Amberg, the luxury leather goods brand, has teamed up with Ben Sherman to create the Brighton Rucksack for the brand’s autumn 08 range. The navy canvas bag, priced at £36, has a leather trim and includes storage pockets lined with Ben Sherman’s signature house check. Enamel target pin studs are another design detail.
Onitsuka Tiger has created its first-ever denim line. The Japanese footwear brand has enlisted the help of vintage-inspired denim brand Edwin Jeans to come up with the Onitsuka Tiger x Edwin range, which will be sold in Onitsuka Tiger’s European flagship stores from this month.
Olivia Rubin, the womenswear designer, has opened a London showroom ahead of London Fashion Week. The 300sq ft space on Mansfield Street is the designer’s first showroom. Phone 020 7580 0353 for appointments.
Alan Paine, the luxury knitwear brand, is launching a range of kids’ knitwear called Little Paines. Each piece in the collection is made from merino wool. The range targets two- to eight-year-olds and includes cardigans, V-necks, hoodies and zip-throughs. Prices start from £10. For further details call 07919 912561.
Correction to Drapers’ Menswear Look Book Autumn 08: we incorrectly stated that German firm Odermark had acquired Daks. Odermark, which is the menswear tailoring licensee for the Daks brand, has expanded its deal for autumn 08 to produce and distribute Daks’ tailoring in Europe and the Middle East, but Daks is owned by Japanese company Sankyo Seiko.
Walkers of Pottergate, the Norwich-based womenswear indie, has won an award for the best women’s fashion shop in which to spend £250. The accolade, part of a series of awards by local paper The Norwich Evening News, was voted for by the public. Walkers opened in 1990 and stocks brands including Creenstone and Lilith. Store owner Anne Rowe said the store’s aim was to provide distinctive clothing for women of all shapes and sizes.
Helen Winterson, the womenswear indie based in Marple, Cheshire, is celebrating its store manager having served 40 years with the business. Heather Atkin, who trained at local department store Kendal Milnes in Manchester after leaving school, joined the business in 1968. The store has been trading for 55 years.
Do you have any long-serving members of staff? Email us at laura.weir@ emap.com.
Asylum Girls in Lower Gate Lane, Norwich, has closed, blaming competition from local shopping centre Chapelfield. According to local reports, owner David Finlay said independent retailers in the city were being shunned in favour of more commercial shopping destinations. He said sales in his shop had fallen since Chapelfield opened in 2005.
Eye in North Suffolk has a new shop that has opened on the site of an old theatre box office, according to local reports. The Phoenix Boutique, which sells young fashion brands, opened on Tuesday on the site of part of the former Eye Theatre.