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Click:protein pancakes recipe UK’s biggest retailer Tesco has reported its first slowdown in underlying sales for two years, revealing that it too is subject to weakening consumer confidence, reports the FT. Finance director Andy Higginson said that the 5.5 percent underlying sales growth in the 14 weeks ended 19 November, compared with 6.6 percent in […]

In three years, some 60 percent of Gucci Group’s investments will be located in Asia, according to the group’s chief executive Robert Polet. A “new concept” of shops will be “unveiled in late 2006” in Tokyo and Hong Kong, Polet promises in an interview with Les Echos newspaper, with 12 shops opening in the region […]

The Costume Institute in New York has chosen English designers whose works will be part of an “AngloMania: Tradition and Transgression in British Fashion” exhibit from May 3 to Sept. 4. The exhibit will feature a mix of British designers, tailors, milliners, a jeweler and a cobbler. John Galliano, Alexander McQueen, Christopher Bailey for Burberry, […]

On Tuesday British retailer Matalan denied that it had issued a profit warning, despite reporting a 10.6 drop in underlying sales since the beginning of the second half. The company also admitted that there was “little evidence to suggest that this will improve in the near term.” Finance director Phil Dutton said the drop in […]

London Margin, the upscale streetwear exhibition, is continuing its quest to help young, urban brands reach a wider audience amongst key retailers and press. For many, Margin London was created out of necessity. Retailers travel the world looking for cult labels and the next big thing but rarely find at mainstream shows where costs prohibit […]

Luxury giant Louis Vuitton Moet Hennessy has reported a 13 percent sales gain to €7 billion for the first six months period. It boasted “market share gains across the brands.â€? Underlying sales rose 12 percent, thanks to a continued strong performance of the fashion and leather goods arm. The Louis Vuitton and Fendi brands are […]

The Peacock Group, which owns Peacocks, Bon Marche and The Fragrance Shop, is set to open over 60 new stores as part of a £15 investment programme. Peacocks and Bon Marche will both increase by 30-plus, while three new stores will be added to The Fragrance Shop’s portfolio, in addition to a £2.5 refurbishment programme […]

Luxury group PPR has said that it has entered into exclusive talks with RREEF to sell its Primtemps department store group to the fund for €1.08 billion. RREEF oversees the real estate portfolio of the Italian La Rinascente department stores and the Borletti Group, which is controlled by Maurizio Borletti, chairman of La Rinascente. PPR […]

Benetton’s chief executive Silvano Cassano and chief financial officer Pier Francesco Facchini have both tendered their resignation, effective immediately. They leave the Italian fashion house without a CEO and CFO. Benetton said it could be months before replacements are found. Their departure coincided with the company’s release of interim results and investor relations staff was […]

Dolcis, the footwear retailer, is set to change hands after its owner, the quoted fashion group Alexon, decided to offload the loss-making chain. Alexon has hired Hawkpoint, the corporate-finance boutique, to oversee the sale of Dolcis, which operates from 67 stand-alone stores in Britain and almost 150 concessions. An information memorandum relating to the sale […]