France's Sézane is to open its third permanent store and will set foot in London with a more-than-2,000 sq ft location in Notting Hill. The opening comes at the same time as a new investor has taken a minority stake.
South African clothing and homeware retailer The Foschini Group (TFG) on Thursday reported a smaller than expected rise in full-year earnings, hurt by higher expenses, sending its shares down as much as 4.8 percent.
It’s all-change at Jigsaw as the group sees the immediate departure of CEO Peter Ruis after four-and-a-half years at the helm and reports suggest the firm will announce a new investor in the next few days.
The Foschini Group is boosting its presence in the UK and international fashion sector with news that it will add Hobbs, the middle market womenswear retailer, to a portfolio that includes Whistles and Phase Eight.
One of the UK’s highest profile high street fashion names is believed to be seeking a new minority investor or possibly even a new owner with Jigsaw as the UK fashion retail sector faces ongoing weak sales.