Burberry to buy out Chinese franchises (FT)
"[Burberry] said it would buy out its Chinese franchises in a £70m deal that will see it take direct control of its 50 stores on the mainland. The deal came in the same week China reported 10.3 per cent growth in the past quarter."
Hello Tommy (Vogue.com)
"Tommy Hilfiger is adding a new lifestyle label to its repertoire, entitled Tommy. Aimed at twentysomething men and women, the line will move away from the preppy styles for which the brand has become known, instead focussing on handmade and distinctive details."
Superdry fashion label boosts profit at SuperGroup (Independent)
"The fashion retailer SuperGroup has tripled its annual profits and vowed to step up international expansion. The owner of the Superdry brand said it would open 20 stores in the UK this year and 38 overseas."
H&M Revenue Growth Weakens (Bloomberg)
"Europe’s second-largest clothing retailer, said revenue growth weakened in the final week of June, causing same-store sales for the month to miss analysts’ estimates."
New stars and welcome returns for London Fashion Week (Telegraph)
"The Swedish design powerhouse, Acne, and the NewGen hot talents, Holly Fulton, David Koma and Michael Van Der Ham, will all make their catwalk debuts at London Fashion Week in September... [Giles Deacon] will also return to the LFW scene."