Speaking with Italian newspaper Corriere della Sera on Monday, the 83-year-old designer said that moving his fashion empire to his charitable foundation is an effort to prevent any takeovers or a break-up of the group.
French eyewear group Essilor said on Tuesday it was confident of securing approval for its $54 billion merger with Italian Luxottica after the EU launched a full-scale probe into its impact on competition.
The retail environment may be tough but Dr Martens seems to be prospering with it saying Monday that revenue soared 25% to just over £290m in the year to March. Underlying profit rose an even bigger 27% to £37.5m.
WiggleCRC looks set to take over its German peer Bike24 in a deal reported to be worth more than £100m.Wiggle is a bikes-to-clothing-and-accessories specialist and is believed to be in advanced talks with Bike24.
Debenhams CEO Sergio Bucher is planning to bring more ‘excitement’ into its stores by reducing clutter on the shop floor, as the company faces backlash for reportedly asking for unreasonable supplier discounts.