How much is the owner of Argos and Homebase worth? Around £1bn maybe. It turns out Home Retail Group rejected an unspecified offer from Sainsbury’s late last year and when that news was announced this morning, the shares surged to value it at a cool £1bn. So £1bn it is then. Sainsbury’s, which actually used to own…
Chilly temperatures added $200m in extra sales to US apparel retailers in the run-up to the New Year. Yippee. No, wait… quick calculation. In a country of nearly 323m people and some pretty hefty climate extremes, that’s a spend of less than 62 cents per person. Ouch! So what went wrong? A warm autumn +…
Britain is very good at a lot of things to do with technology. Vacuum cleaners spring to mind courtesy of the entrepreneurs behind Dyson and G-Tech, and of course the internet itself (thanks Sir Tim). But there’s one thing we don’t seem to do so well – multibillion pound game-changing tech companies. Why is that?…
At last – some good news for Prada. The investment specialists at Morningstar.co.uk said today that the company still has a competitive advantage despite all of its recent woes. Morningstar’s conclusion is that it “shows high margins and returns on capital” and “possesses one of the most visible luxury brands in the world [with] long-term…
2015 was the year of the mobile wallet. But despite the fast take-up, the payment method didn’t quite take off in the way it should for 2016. However, the conditions are right for mobile wallets to really take flight this year. Mobile payments are set to expand fast over the next 12 months with Samsung…
At this time of year it does us good to think of those less fortunate than ourselves. Consider the Beckhams, ex-footballer David, ex-pop star Victoria and all those kids. Struggling to find new careers, bringing up a young family, conducting a relationship across several continents… it’s tough. And their fashion and branding business is earning…
It’s said that you can tell you’re getting old when policemen start to look really young. But as I don’t meet many policemen, for me, it’s more about pop stars, movie stars, and sports stars… some don’t even look old enough to have left school. And occasionally they’re not. In fact, the newest name to make an…
Ka-ching! Tommy Hilfiger has signed model-of-the-moment Gigi Hadid as the brand’s new ambassador. But this is more than the usual ‘face of’ deal. As a part of the new vision for the Hilfiger brand’s women’s offer, Hadid will launch her first ever capsule collection, including clothes footwear, accessories, as well as fragrances in collaboration with…
One day Russia, next day – the world. Well, Australia, at least. But it’s clear from recent news that Debenhams’ ambitions are pretty global. No sooner has it signed to buy Stockmann’s Russian stores than it’s gearing up for a big push into Australia. The retailer signed a deal with Pepkor’s Harris Scarfe chain and…
It didn’t even exist when the premium denim trend started but that hasn’t held Paige Denim back. It’s only 10 years old but it’s up for sale with a eye-watering valuation, according to reports.
Paige, named after founder Paige Adams-Geller, is known for its superb fit and is a celebrity favourite, with its flared Lou Lou style (a steal at £250 from Harvey Nichols) making waves at the moment.
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