Aquascutum insolvency, Zadig deal, Burberry slows, Hugo Boss in China, Marchesa expands?

| Daily Digest

Aquascutum Autumn/Winter 2010 | Source: Rag Pony

Aquascutum collapses into administration (FT) “Aquascutum has collapsed into administration, putting about 250 jobs at risk and threatening the possible demise of a classic British clothing brand. FRP Advisory has been appointed administrator to the 160-year-old company, owned by fashion entrepreneur Harold Tillman.” TA Associates fashions 30 per cent deal for Zadig & Voltaire (AltAssets) “The US-based firm’s

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Selfridges’ big deal, Aquascutum lifeline, Betting big on India, Burberry taps into China, McQueen’s bow

| Daily Digest

Aquascutum Autumn Winter 2010 | Source: Selectism

Selfridges Group buys Ogilvy (The Province) “Toronto’s billionaire Weston family has bought Montreal’s prestigious Ogilvy department store, adding to its stable of high-end retail offerings after the purchase of Dutch luxury institution de Bijenkorf eight months ago… The back-room deal comes as a bit of a surprise because the previous ownership group had held Ogilvy for barely a year.” Aquascutum secures financial lifeline

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Chic clicks, Indian luxury stalls, Harvey Nichols boost, Aquascutum push, Growing a McQueen garden

| Daily Digest

Taj Hotel, Mumbai | Source: India Server

The chic learn to click (Economist) “Luxury firms may at last be waking up to the internet, but they have a long way to catch up… It is odd that an industry that would not be seen dead in last season’s colour is wedded to the last century’s technology.” India’s luxury market remains underdeveloped (CPP Luxury) “The lack of upscale retail space, high taxes and red tape are the main factors which have been hampering

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Jaeger eyes expansion, Saks recovery, Sykes for Aquascutum, Ad pages up and down, Maison Martin Margiela exhibit

| Daily Digest

Jaeger Summer 2010 | Source: Jaeger

Jaeger says sales picking up, eyes expansion (Reuters) “British luxury brand Jaeger has seen a strong pick up in sales in recent weeks, it said on Wednesday as it posted a 16 percent rise in annual earnings and outlined plans to expand internationally and online.” Saks recovers with stronger merchandising, consumer appeal (Medill Reports) “Luxury department store Saks Inc. recovered from a year-ago loss to post a

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

| Daily Digest

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

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