Gordon Brothers and an unspecified "group from China" were expected to make bids for the assets of bankrupt department store chain Gottschalks by the night of Wednesday March 25 or the morning of Thursday March 26.
As announced at the end of 2008, the lingerie tradeshow Bodylook will henceforth be an annual event. It will return 26-28 July in Düsseldorf with a new setup. Entirely redesigned, Bodylook has been planned around the idea that different areas will correspond to their part of fashion.
British fashion label Ted Baker on Wednesday March 25 reported an 11.4 percent fall in full-year profit and said profit in 2009 would likely be lower due to the uncertain economic environment. Ted Baker posted an underlying pretax profit of 19.
Li & Fung, a leading global exporter and distributor, said on Wednesday March 25 its net profit for the second half of 2008 fell 41 percent, lagging analysts' forecasts, as it was hit by weak global markets and one-off costs.
Liam Gallagher, lead singer of the band Oasis, has turned fashion designer with the launch of his off-the-peg label ‘Pretty Green’. The label will be exclusively ‘limited edition’ and will consist of trench coats, jackets, jeans, hats and scarves that are “up-front, straight talking and classic”.
After a few years of wavering, Selective Beauty needs a really thorough spring clean to come out on top, and to show real strength both “financially and organizationally”. The company announced that it had gone into receivership with the commercial tribunal of Bobigny.
The European Council has adopted a new plan of action for customs offices fighting counterfeiting - a phenomenon which now effects every industry. The plan aims to “protect the health and security of our citizens, as well as protecting innovation; economic activity, competition and jobs”.