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2013-03-08 Newsletter N°982
PPR close to buying jeweler Pomellato
PPR is close to snapping up Milanese jeweler Pomellato in a deal that would allow the French luxury group to expand in a sector in which it has a small presence, sources have said.
Adidas results hit by Reebok writedown
Adidas, the world's second largest sports apparel firm, reported an unexpected loss in the fourth quarter, with results hit by writedowns linked to the weak performance of Reebok.
New Look ready to open own stores in China
With Asia specialist Anders Kristiansen as its new CEO, the British retailer now has the in-house expertise needed to take on China. The first of its stores could open in spring 2014.
Issey Miyake - Fall-Winter
2013 - womenswear - Paris - See catwalk


Sycamore Partners to acquire Hot Topic for $600 million
Teen apparel retailer Hot Topic Inc said it will be bought by private equity firm Sycamore Partners for about $600 million.



TheMicam attracts even less visitors this edition
The Milan footwear tradeshow recorded a decrease in visitors in comparison to last year, with 35,389 attendees in total. International buyer presence, however, was on the up.



Qatar Investment Authority raises stake in Tiffany
Qatar's sovereign wealth fund, the largest shareholder of Tiffany & Co, further raised its stake in the U.S. luxury jeweler to 11.27 percent, according to a regulatory filing.



Ben Sherman: half a century of British fashion
In celebration of its 50 year anniversary, Ben Sherman has published a book retracing its history, following different sub-cultures of British men's fashion.



Marc Jacobs and Masha Ma wrap up Paris fashion week
Paris fashion week wrapped up on Wednesday with the unashamed "decadent glamour" of Marc Jacobs' Louis Vuitton show contrasting with Chinese designer Masha Ma's "ascetic" femininity.



TJX Cos Inc, whose Marshalls and T.J. Maxx stores have drawn shoppers looking for designer brands at big discounts, reported a better-than-expected 1 percent gain for the month of Februar
Adidas AG has dropped the plan to sell its hockey business as potential buyers did not make offers interesting enough for the German sports apparel company, said Chief Executive Herbert Hainer.



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