Lunch with Alexandra Shulman, Fashion pinch, H&M spike, Jaeger sold, Australia dropouts

Alexandra Shulman | Source: Mih Jeans

Lunch with the FT: Alexandra Shulman (FT)
“But she is a big deal, and this is a big year for her and for Vogue. It’s Shulman’s 20-year anniversary as editor, this month she’s publishing her first novel, Can We Still be Friends, and Vogue is staging its first festival.”

Discount fashion chains feel the pinch (FT)
“In a market under pressure there are winners and losers. Fashion-conscious consumers are still making purchases but cutting back on the number as household budgets are squeezed, placing a strain on retailers whose model relies on selling cheap items in bulk.”

H&M March same store sales up 16 pct (Reuters)
“Warm weather fuelled the biggest rise in monthly sales at Hennes & Mauritz for five years in March, although the world’s second-biggest fashion retailer signalled a weaker start to April as colder temperatures returned.”

Jon Moulton’s Better Capital buys fashion brand Jaeger (Telegraph)
“Better Capital said in a statement it had bought the secured debt and a 90pc of the high-end fashion brand, which saw it profits fall by two-thirds last year as the downturn on the British high street took its toll.”

Goot, Lee pull out of Fashion Week (Sydney Morning Herald)
“Two big-name Australian designers announced their withdrawal from this year’s Australian Fashion Week this morning, a mere fortnight before the prestigious industry-only event in Sydney is scheduled to start.”