Luxury cosmetics firm Estee Lauder will buy designer fashion house Tom Ford in a deal worth £2.4bn, the company has announced. The deal would be Estee Lauder’s biggest acquisition to…
Debenhams prepares to seek new owners via a sale of the business
Debenhams is reportedly pushing forward with a plan that could see a change of hands after retailer fell into administration for the second time within a year during lockdown. Investment…
Next to takeover Victoria’s Secret UK franchise
Next has reportedly been chosen as the “preferred” UK franchise partner for Victoria’s Secret the world’s largest lingerie brand and has agreed an outline deal to takeover the business on…
Boohoo.com buys Oasis and Warehouse brands for £5.25million
The fast-fashion internet retailer Boohoo has revealed a deal to buy the online businesses of collapsed chains Oasis and Warehouse for £5.25 million. Boohoo who owns on-line fashion brands, PrettylittleThing,…
Google to buy FitBit, The biggest independent wearables company
Google’s parent company Alphabet is reportedly in talks to buy wearable device firm Fitbit. The acquisition would allow the US technology giant to enter a crowded market for fitness trackers and smartwatches, which rivals…
LK Bennett to take over by it’s Chinese Supplier.
A Chinese supplier to LK Bennett has stepped into the battle to buy the chain from administrators.
Billionaire retail mogul Philip Day to buy struggling clothing chain Bonmarché for £5.7m
Billionaire retail mogul Philip Day is set to buy struggling clothing chain Bonmarché in a deal valuing the business at just £5.7m.Edinburgh Woollen Mill owner Mr Day has acquired a majority stake in Bonmarché, meaning that under City rules he must make a bid for the whole of the company.
Debenhams rejects Mike Ashley’s bid
Debenhams has dismissed a bid for its Danish stores from Mike Ashley as it confirmed plans to raise £200m in fresh loans in a deal that could wipe out shareholders including his Sports Direct group.
River Island takes control of Mint Velvet in excess of £100m
The family behind the River Island clothing chain has taken control of Mint Velvet, the fashion label founded by three former Principles executives, in a deal understood to value the company in excess of £100m.
Debenhams is taken over by lenders as Mike Ashley loses £150m stake
Previous offer was rejected because the Sports Direct owner, Mr Ashley wanted to be Chief Executive Officer. Mr Ashley, owns near 30% stake in the company.