“Two former ski bums are poised to make a multi-million-pound fortune from a sale of a stake in their business to private equity firm Phoenix Equity Partners,” writes The Telegraph. The ski bums in question are George Treves and Sean Thomas, are the cofounders of outdoor apparel merchant White Stuff
Fast-fashion merchant ASOS is planning to launch a discount spin-off site in September, reports The Times. The site, ASOS Red, will sell
brand-name apparel at steep discounts.
More postal strikes could be on the way: the Communication Workers Union (CWU), which took industrial action against Royal Mail last year, voted to do so again this year over pensions and potential job losses, according to More Than Business. So far no dates have been set for the strikes.
Apparel cataloguer Lands’ End was singled out for praise in an Observer article on refunding consumers for faulty merchandise.
Asos and the newly launched PretaPortobello.com are featured in a fairly superficial article about apparel shopping online in The Independent.