LONDON, April 17- Italian designer Roberto Cavalli is in advanced talks to sell a majority stake in his eponymous fashion house to London- based buyout firm Permira in a sale worth about 450 million euros, four sources close to the deal told Reuters.» Read More
PARIS, April 15- Privately owned luxury group Labelux has hired Bank of America Merrill Lynch to advise it on a possible London market flotation of Jimmy Choo this autumn that could value the upmarket shoemaker at over 900 million pounds, industry and financial sources said.
LONDON— London is getting a new fashion extravaganza— the Victoria's Secret Show, which will take place for the first time in the British capital this year. Victoria's Secret models Adriana Lima and Candice Swanepoel joined Chief Marketing Officer Ed Razek at the company's London flagship store for the announcement Tuesday.
Families, on average, expect to spend $978 this year on the prom, the annual rite of passage for American high schoolers, which is basically just a big dance, according to a survey released today by Visa Inc. That's down 14 percent from last year.
*Beats nil-premium merger proposal from Australia's Myer. SYDNEY, April 9- South African retailer Woolworths Holdings Ltd is set to buy Australia's second-largest department store David Jones for $2 billion, trumping an offer from Australian rival Myer Holdings Ltd with a hefty premium.
NEW YORK— PVH Corp., the company behind the Calvin Klein and Tommy Hilfiger brands, has become a minority shareholder in fashion designer Karl Lagerfeld's namesake company. PVH said Tuesday that the investment in Karl Lagerfeld B.V. will allow it to benefit from growth of the designer's brand. Lagerfeld has primarily been focused in Europe and Asia.
HONG KONG, April 4- A crackdown on a once-thriving sex trade in China's factory of the world will come with a significant economic cost for the city of Dongguan's local government, which relies heavily on the entertainment industry for tax revenues.
SHANGHAI, April 3- Chinese shares listed in Hong Kong rose more than 1 percent to a six-week high on Thursday, with rail firms getting a lift after China's government announced increased investment in rail infrastructure to help boost the economy.
*Prada to invest in menswear, shops, factories. HONG KONG/ MILAN, April 2- Italian luxury fashion group Prada is pinning its hopes on men's growing taste for finely-cut suits and leather bags to drive a pick up in sales growth in the coming years. "Men will be protagonists in our development," Prada retail director Guilio Bruni said.
PARIS, March 19- French luxury group LVMH is trying to push out smaller rivals from plush Place Vendome in Paris after buying one of its highest-profile buildings, illustrating the intensifying battle for Europe's prime retail locations.
Singer, part of the world's largest sewing machine company, SVP Worldwide, is owned by private equity firm Kohlberg& Company LLC. It is working with investment bank Harris Williams on the potential sale, the people said. Kolhberg, SVP Worldwide and Harris Williams could not be reached for comment.
In the past two days, U.S. apparel retailers, American Eagle Outfitters and Urban Outfitters Inc have warned that results in the current quarter would be hurt by stiff competition and choppy sales trends at malls.
March 12- British fashion retailer French Connection Group Plc, which trying to turn around its business after years of weak sales, reported another decline in annual revenue due to falling demand for its clothes and accessories in the UK and Europe.
*Louis Vuitton, Gucci sales growth slows to low-single digit. After years of rampant expansion, Kering and LVMH, Gucci and Louis Vuitton's respective parents, are finding the likes of Michael Kors are proving smarter at tapping the fast-growing middle classes, particularly in big markets such as China.
NEW YORK, Feb 28- Uniqlo parent Fast Retailing Co Ltd and South Korean fashion conglomerate E. Land Group are separately exploring a deal for large U.S. apparel chain J. Crew Group Inc, people familiar with the matter said on Friday.
TOKYO, Feb 25- Fast Retailing Co's casual clothing brand Uniqlo is rethinking its "Made for All" strategy, looking to offer lower priced lines in smaller Asian cities and more generous sizes to fit the U.S. market, a top executive said on Tuesday.
MILAN, Feb 21- Italy's Versace hopes to make a final decision on a partner to take a minority stake in the fashion house in one or two weeks, its chief executive said on Friday. Versace has been valued at 1.1 billion euros by Italy's state-backed Fondo Strategico Italiano, one of the bidders initially vying for the stake, people familiar with the situation have said.
MILAN, Feb 19- Italian fashion house Versace complied with European Union regulations on textile production, it said on Wednesday following allegations by environmental campaign group Greenpeace that it had found traces of harmful chemicals in the brand's children's clothing.
*20 brands so far signed up to Greenpeace "Detox" campaign. BERLIN, Feb 17- Environmental campaign group Greenpeace has found traces of chemicals that can pollute waterways in children's clothing and shoes made by luxury brands, challenging the sector's reputation for higher standards than those of mass fashion.
LONDON, Feb 16- Britain's established designers took to the stage on the third day of London Fashion Week on Sunday to showcase their latest collections celebrating the nation's eccentricity and heritage.
NEW YORK, Feb 13- Ralph Lauren, Michael Kors and other designers at the close of New York's Fashion Week on Thursday showed swathes of color as sweeping as the outdoors in collections inspired by America's landscapes and rugged coastlines. Fashion shows now move to London, Paris and Milan.