Austin Reed targets younger customers
Austin Reed has recruited entrepreneur James Hibbert, who runs tailoring company Dress2kill, as development director with a mission to attract younger shoppers.
From the Financial Times
George Davies invests more in GIVe retail chain
George Davies, the man behind the success of Next and George, has had to put an extra £9m into the company behind his GIVe retail venture. Auditor Grant Thornton said that group liabilities exceeded assets by £1.4m in accounts for parent company S’Porter.
From The Sunday Telegraph
French bakery Paul plans UK expansion
Patisserie and bakery outlet Paul plans to open 50 new shops in Britain in the next four years. It has just appointed James Fleming as its new UK chief executive.
From The Independent
Majestic sees profits fizz
Majestic Wines has posted profits up 20% to £7.3m for the six months to 27 September. The company says that it is benefitting from the trend for people to entertain at home.
Lingerie chain Gilly Hicks scheduled for UK
Abercrombie & Fitch is to open its first international shop for lingerie chain Gilly Hicks in the UK. The brand competes with Victoria’s Secret, which is also opening in the UK.
From The Guardian
French Connection seeing rise in wholesale revenue
French Connection says that own-store sales of its autumn range fell 6.1% in the 15 weeks to 13 November but wholesale sales through other stores rose by 13%.
From The Times