cheap Columbia jackets Finance In Fashion - 19-06-

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Finance In Fashion - 19/06/2009

Amy says: “I’m sporting a vintage find from my favorite clothing
store “Foot Loose” here in Granville. The color is delicious. “
This week's finance-based fashion news:
LVMH?chairman?Bernard Arnault illuminated the characteristics of the new post-recession customer: discerning, demanding and younger, concerned with quality, craftsmanship,[link widoczny dla zalogowanych],[link widoczny dla zalogowanych], exclusivity and commitment to social and environmental responsibility. "Nothing will be the same again. It would be illusory to think it will be the same again," he told the Financial Times' Business of Luxury Summit - WWD, June 15,[link widoczny dla zalogowanych], 2009. Mulberry?said wholesale sales were likely to fall back 15 per cent for autumn 2009 and shrink by a further 4 per cent for spring 2010, after its customers slashed their buying budgets - Drapers Online, June 18, 2009. Ted Baker?has performed well over the past year, seeing shares fall just nine per cent - compared to fellow British companies?Burberry and French Connection, down 26 and 30 per cent respectively over the past 12 months - The Times, page 49, June 17, 2009. British outerwear label Crombie is reportedly in talks to buy?Aquascutum following the failure of former ceo Kim Winser's bid to buy the brand (read the full story here)- The Guardian, page 24,[link widoczny dla zalogowanych], June 17, 2009.
Offers from private equity firms are to help Italian luxury eyewear firm Safilo to reduce its ￡526 million debts - The Financial Times, page 25, June 15, 2009. Prada?is said to be in talks with banks to renegotiate its ￡1.5 billion debt in order to see through "aggressive" store expansion plans - The Financial Times,[link widoczny dla zalogowanych], page 25, June 15, 2009. The value of retail sales in May fell 1.1 per cent compared with last May, and textiles - clothing and footwear - was the worst performing category,[link widoczny dla zalogowanych], down 8.4 per cent, according to the Office of National Statistics - Drapers Online, June 18, 2009. David Hewitt, the former managing director of Daks, revealed he had the necessary financial backing in place and that he planned to make an approach to Aquascutum's Japanese owner Renown,[link widoczny dla zalogowanych], with a view to buying the company - Drapers Online, June 16, 2009. London Retail sales rose 1.6 per cent on a like-for-like basis in May. This was the weakest growth in London this year but it was held back by tough comparatives and milder weather. Footfall in London in May fell 0.4 per cent according to Synovate Retail Performance but the capital continued to outperform the UK as a whole - like-for-like retail sales across the country were down 0.8 per cent in May, according to the British Retail Consortium - Drapers Online,[link widoczny dla zalogowanych], June 15, 2009.

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