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…
Tag: fashion
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…
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.
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.