Lloyds Banking Group, which owns a 20 per cent stake in shirtmaker
TM Lewin, is looking to sell its shares, reports
the Financial Times. The article cites sources
who believe the divestment will be used to “take TM Lewin
out of the Lloyds stable and put in a new funding partner, but
leave the existing management in place”.
Luxury goods group Richemont has put in a bid
for fashion etailer Net-a-Porter.com according
to the Telegraph. The deal values Net-a-Porter at
£350 million and will see founder Natalie Massenet gain at
least £50 million from the transaction.
French Connection is selling its Nicole
Farhi brand to US private equity firm OpenGate
Capital.
The Financial Times interviews
ASOS.com chief exec Nick Robertson about his
plans to make the business the biggest player in the online
fashion retail sector. Choice quote from Robertson: “We’ve
got a goal. Let’s get to a billion pounds [in sales] in five
years, in five markets.”
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