Burberry buys 50 Chinese stores from franchisee

Luxury British heritage brand Burberry has signed an agreement to buy 50 stores across China from its franchisee in a deal worth £70m.

Losses double at Kew and Jigsaw’s parent company

Robinson Webster Holdings, the parent company of womenswear retailers Jigsaw and Kew, said pre-tax losses nearly doubled last year as a result of currency fluctuations, deeper discounting and disposal of excess stock during the recession.

Debenhams unveils Ted Baker lingerie

Debenhams has launched an exclusive range of lingerie in collaboration with premium brand Ted Baker.

Tommy Hilfiger to launch new collection

Luxury label Tommy Hilfiger will launch a new collection in a bid to grab market share from American Apparel, Gap and Abercrombie & Fitch.

Stella McCartney to design Team GB 2012 Olympics kit

Adidas, the sports brand and Official Sportswear Partner of the London 2012 Olympic and Paralympic Games, has appointed British fashion designer Stella McCartney to design its Team GB range for the London 2012 Olympics.

Giorgio Armani positive despite dip in profits

Italian luxury fashion house Giorgio Armani posted a decline in both sales and profits for 2009.

Lacoste to launch sub-brand

Clothing and footwear brand Lacoste will launch a new sub-brand in autumn aimed at a younger customer.

News sourced via Drapers Online

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