Kaupthing to put UK’s Oasis and Warehouse up for sale – sources

November 26, 2016 By publisher

By Dasha Afanasieva and Pamela Barbaglia LONDON (Reuters) – Administrators for failed Icelandic bank Kaupthing are looking to sell off British high street retailers including Coast, Oasis and Warehouse which employ thousands of people, four sources familiar with the matter said. The bank was nationalised during Iceland's 2008-2011 financial crisis, with its domestic operations spun into a new bank known as Arion Banki, while all non-Icelandic assets remained with the now defunct Kaupthing. Kaupthing acquired the brands in 2009 from Mosaic Fashions, which went into administration after shareholder Baugur collapsed in the wake of the crisis.

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Kaupthing to put UK’s Oasis and Warehouse up for sale – sources

Filed Under: Latest News Tagged With: are-looking, arion-banki, assets-remained, brands, crisis, four-sources, icelandic, kaupthing, known-as-arion, luxembourg, matter, mosaic-fashions, sources

Exclusive: LVMH considers creative director change at Louis Vuitton – sources

July 20, 2016 By admin

LVMH boss Bernard Arnault is considering a change of creative director at Louis Vuitton with the up-and-coming Jonathan Anderson, now at sister brand Loewe, viewed as the best candidate to replace Nicolas Ghesquiere, according to three sources with knowledge of the matter. LVMH declined to comment. Louis Vuitton is the world's biggest luxury brand, generating nearly 8 billion euros ($8.8 billion) in annual revenue and accounts for the bulk of profit at parent LVMH, owner of 70 luxury brands and businesses, ranging from fashion and wine to jewelry and hotels.

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Exclusive: LVMH considers creative director change at Louis Vuitton – sources

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Is Raf Simons taking over at Calvin Klein?

July 20, 2016 By creative

Raf Simons sent shockwaves rippling through the fashion industry when he announced his resignation as Creative Director of Dior last October. The Belgian designer left Dior last fall after three years of overseeing the womenswear creations for the prestigious French fashion house, citing the need to redress his work-life balance. Calvin Klein, meanwhile, has been undergoing a tumultuous period of its own.

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Is Raf Simons taking over at Calvin Klein?

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