Home / Knowledge / News / Apparel/Garments / Retail free view by Verdict for week ending Mar 28

Retail free view by Verdict for week ending Mar 28

Mar '06
General retail
Following the latest monthly review of the basket of goods used by the Office for National Statistics to track price changes, iPods and other MP3 players, along with champagne drunk at home and lager bought in nightclubs, are to be included in the official measures of inflation for the first time.

GUS is understood to have rebuffed a £7bn bid approach for its credit rating division Experian from a consortium of private equity firms, including Thomas H Lee and Bain Capital.

The bidders are reported to already be considering an improved offer.

Clothing, fashion and personal care Dame Anita Roddick has agreed to sell The Body Shop International, which she founded, to L'Oréal for £652mn. With her husband she will make £117mn from her 18 per cent stake.

House of Fraser has stated that preliminary talks with an unidentified suitor have ended.

Apax Partners was recently revealed as the suitor, and news of its interest led to a 15 per cent rise in HoF's share price.

Hobbs has appointed Nicky Dulieu to replace Mike Trotman as finance director. Ms Dulieu was finance director of Marks and Spencer's food division and before that, its retail stores.

In a separate development, Hobbs have appointed Liz Davies - the former wife of George Daves - as design and buying director.

Next has warned of a further year of gloom on the nation's high streets, just two months after the worst start to a year for retailing since 1945. Like-for-like sales fell by 8.9 per cent in the seven weeks to March 18, while total sales rose 5.6 per cent in the seven weeks to March 18 on the back of a 3.9 per cent rise in store sales and a 10.2 per cent increase in sales at Next Directory.

Must ReadView All

Pic: Shutterstock

Textiles | On 27th Oct 2020

Scottish businesses to gain from UK-Japan trade agreement

Scottish businesses, including textile firms, are set to benefit from ...

Pic: SA Company

Apparel/Garments | On 27th Oct 2020

TZP Group makes strategic investment in SA Company

TZP Group, through TZP Capital Partners III, a private equity firm...

Pic: Le Chateau

Retail | On 27th Oct 2020

Canada's Le Chateau files for bankruptcy protection

Canadian specialty retailer and manufacturer of exclusively designed...

Interviews View All

Footwear industry, Head honchos

Footwear industry
Head honchos

Personalised and differentiated footwear is in high demand

Textile industry, Head honchos

Textile industry
Head honchos

Clothes are no more bound by gender

Textile industry, Head honchos

Textile industry
Head honchos

RCEP was always going to be a double-edged sword

Maya Simova,

Maya Simova

Inter Expo and Congress Center (IEC) is a prominent exhibition centre in...

Akshat Chaudhary,

Akshat Chaudhary

Aizome, Asia's first Fairtrade denim brand, is all set to launch next...

Herbert Guebeli,

Herbert Guebeli

Switzerland-based Sedo Engineering develops technologies for the denim...

Isabel Herranz, European School of Business & innovation

Isabel Herranz
European School of Business & innovation

Cutting-edge ideas like the Internet of Things and artificial intelligence ...

Ray Baughman, University of Texas -Dallas

Ray Baughman
University of Texas -Dallas

<div>A team of scientists and researchers have discovered twistrons,...

Daniel Kaye, RocketLife

Daniel Kaye

<div>RocketLife, an award-winning developer of breakthrough visual...

Ruma Devi, Gramin Vikas Evam Chetna Sansthan

Ruma Devi
Gramin Vikas Evam Chetna Sansthan

Ruma Devi is a jet-setting promoter of artisans who has empowered...

Robert Brunner, Devereux

Robert Brunner

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Suman Nathwani, Suman Nathwani

Suman Nathwani
Suman Nathwani

<span style="font-size: 12px;">Designer Suman Nathwani talks about her...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

October 2020

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

Advanced Search