The best of the fashion business headlines from the weekend’s papers…
Richard Balfour-Lynn, chief of Marylebone Warwick Balfour which owns luxury department store Liberty, revealed his predictions for a slow ecomonic recovery in an interview with The Mail on Sunday. Balfour-Lynn told the newspaper of his search for an investor for Liberty. He said: “What I’m focused on at the moment is surviving. Because if you don’t survive you can’t be in the game.”
Harvard University has launched a range of clothing. The oldest university in the United States has launched Harvard Yard, which consists of preppy American classics including tailored chinos, Liberty prints, short-sleeved check shirts, striped blazers, waistcoats, knitwear, coats and loafers. According to the Saturday Guardian prices start at $165 (£99) for a pair of trousers and go up to $495 for a coat. Harvard has signed a 10-year licensing deal with manufacturer Wearwolf Group. It plans to expand in to womenswear and childrenswear.
Premium brands are stepping up the fight against counterfeit product. Superdry chief executive Julian Dunkerton told The Sunday Times that the young fashion brand spends £1m a year prosecuting copycats and asked staff working at the Bread and Butter trade show last month to guard its stand and accost anyone caught taking photographs. However, fashion law firm Fox Williams told the newspaper that many clients give up legal proceedings before a case reaches court because the procedure is so long and expensive.