Aquascutum sold, Fashion stimulus, Henry to Debenhams, Neiman Marcus Q4 down 23%, Richemont declines

Aquascutum A/W 09 ad campaign, courtesy of Aquascutum

Aquascutum A/W 09 ad campaign, courtesy of Aquascutum

Tillman Buys Storied Clothier Aquascutum (WSJ)
“U.K. retail mogul Harold Tillman, chairman and majority owner of Jaeger Ltd., has purchased Aquascutum Group PLC, the luxury clothier and trench-coat maker that has dressed British elites from Margaret Thatcher to Sean Connery for 158 years.”

Fashion elite tries on stimulus for size (FT)
“The fashion industry in 13 countries will on Thursday attempt to do what central bankers have struggled to do: get consumers spending again.”

Debenhams to confirm Henry Holland deal (Drapers)
“Debenhams is expected to confirm that it has signed London Fashion Week designer Henry Holland to join its Designers at Debenhams range at its pre-close trading update next week.”

Neiman Marcus, Inc. Reports Fourth Quarter and Fiscal Year 2009 Results (Reuters)
“For the fourth quarter of fiscal year 2009, the Company reported total revenues of $768.0 million compared to $1.03 billion in the prior year. Comparable revenues decreased 23.4 percent.”

Richemont Five-Month Revenue Declines 16% as Rich Cut Spending (Bloomberg)
“Cie. Financiere Richemont SA, the world’s largest jewelry maker, said five-month revenue fell 16 percent as wealthy customers reduced spending on Cartier jewelry and Montblanc watches.”