Software Maker Buying Web Fashion Discounter (NY Times)
"GSI Commerce, which manages the Web sites for major retailers like ToysRUs.com and Zales, announced on Tuesday that it was buying Rue La La, a Boston start-up, in a deal valued at $350 million."
Giorgio Armani organizing staff as successors (Reuters)
"Italian fashion designer Giorgio Armani, still frail after a bout of hepatitis, hinted on Tuesday of succession plans for his vast clothes empire after his retirement and joked about his appearance."
Tommy Hilfiger European retail sales soar (Drapers)
"Tommy Hilfiger has revealed that global sales increased by 3.5% to EUR772m (£697.9m) in the six months to September 30. In Europe retail sales rose 24.4% with like-for-likes up 2.5%. However, European growth was offset by a slowdown in wholesale sales resulting in an overall sales decrease in Europe of 6.4%."
TPG makes £500m profit from Debenhams exit (Drapers)
"Debenhams’ shareholder TPG, the American private equity group which took the department store private, has sold its remaining shares in the retailer, for a cool £500m profit."
Hinterview: Riccardo Tisci (Hint)
"Givenchy designer Riccard Tisci is so Italian. Tall, dark and an aficionado of everything from music to art, he also talks a kilometer a minute…within minutes he had covered rave-hopping in Rio, trouble in paradise, his first fragrance and moving to New York—and being young enough to do it all over again."