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 26th Sep 2020

Global economic forecast not as dark as earlier guess: IMF

Though the global economic outlook is not quite as dark as expected...

Pic: Edinburgh Woollen Mill

Fashion | On 26th Sep 2020

FRP appointed to value Peacocks, Edinburgh Woollen Mill

Edinburgh Woollen Mill Group CEO Philip Day has started the...

Pic: Shutterstock

Retail | On 26th Sep 2020

India plans retail trade policy, settling logistics policy

India plans to formulate a retail trade policy for which stakeholder...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Indian apparel industry looks poised for slow death

Kaizad Hansotia, GetNatty

Kaizad Hansotia

Competition is the best thing that can happen to a startup

Footwear industry, Head honchos

Footwear industry
Head honchos

There is rising demand for fancy, trendy and yet comfortable footwear

Gagan Gulati,

Gagan Gulati

PG Silk Mills Private Limited had a humble start with a hand-dyeing unit....

Aditya Goyal,

Aditya Goyal

Headquartered in Surat, Anubha Industries is a specialist for sustainable...

Nuria Estape,

Nuria Estape

Archroma is a global colour and specialty chemicals company headquartered...

Mark Brill, Birmingham City University (BCU)

Mark Brill
Birmingham City University (BCU)

<div>A technological breakthrough could see people getting messages about...

Marten Alkhagen, Swerea IVF AB

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Justin Chan & Shyam Gollakota, University of Washington

Justin Chan & Shyam Gollakota
University of Washington

A fabric that can store data without any electronics or batteries has been ...

Akta Adani, India Boulevard

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Aprajita Toor, Aprajita Toor

Aprajita Toor
Aprajita Toor

The creations by Aprajita Toor were born out of a deep desire to create...

Seema Agrawal, Artisan Saga

Seema Agrawal
Artisan Saga

Artisan Saga, founded by Kaushik Rajani and Seema Agrawal, is an online...

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

September 2020

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

Advanced Search