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Laura Ashley has confirmed that it has not received any takeover offers following media speculation that Michael Flacks is interested in taking the company private. The move follows an article in The Telegraph in which it was reported that Mr Flacks was to approach Laura Ashley’s Malaysian controlling shareholders regarding a...

Primark has said that its first half sales are expected to be 4% ahead of the same period last year. The uplift was due to increased selling space, although like-for-like sales have been down 2% in the 24-week period which ends on 2nd March. Primark said that pre-tax profit will come...

Waitrose is set to introduce a new shelf-edge strip, which uses racing car technology to make its shops more energy efficient. The strips feature twin blades made of recyclable polycarbonate to the front of its fridge shelving to reduce cold air being lost into the aisles.  This is the same technology...

Farfetch has relocated its U.S. West Coast headquarters to a new space on the 30th floor of The Bloc in Los Angeles. The new 25,000 square foot office was designed in collaboration with Fiona Livingston, who is the co-founder of Studiofibre.  The space will be the company’s new headquarters on the...

Salvatore Ferragamo has appointed British designer Paul Andrew as its new creative director. Andrew joined the business in 2016 as women’s footwear director, and then promoted a year later to women’s creative director. He will now be responsible for all design functions across the brand. Andrew has previously worked for brands such as...

The merger between Sainsbury’s and Asda faces fresh doubt as the Competition and Markets Authority (CMA) raised concerns that the merger could reduce competition and lead to higher prices, meaning that it cant go ahead in its current state. Sainsbury’s released a statement on Wednesday, saying “These findings fundamentally misunderstand how people shop in...

Burberry has apologised for showcasing a hoodie with strings tied in the shape of a noose on its London Fashion Week runway. The hoodie came under fire after the show on Sunday, after a model complained on Instagram that the hoodie not only evoked lynchings, but also suicide. Burberrys chief executive, Marco...

Chanel has announced that Virginie Viard will now be in charge of its collections’ design, following the death of Karl Lagerfeld. Viard is in charge of Chanel’s fashion design studio, and was Lagerfeld’s right hand women, meaning there will be some continuity going forward. It is said that Chanel arranged the succession...

American Eagle Outfitters, Inc is set to expand its American Eagle and Aeire brands into Europe after signing a multi year licensing agreement with AEO EU. The first stores within the EU region will open in Ireland in the summer.  This will be closely followed by an e-commerce site for the...

Karl Lagerfeld, the creative director of Chanel for the last 30 years, has passed away at the age of 85 in Paris on Tuesday. Lagerfeld was the most famous living designer on the planet.  He created over a dozen collections per year for three different fashion brands, Chanel, Fendi and his own...