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Chase Bank Limits Cash Withdrawals, Bans International... Before you read this report, remember to sign up to http://pennystockpaycheck.com for 100% free stock alerts Chase Bank has moved to limit cash withdrawals while banning business customers from sending...

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Richemont chairman Johann Rupert to take 'grey gap... Billionaire 62-year-old to take 12 months off from Cartier and Montblanc luxury goods groupRichemont's chairman and founder Johann Rupert is to take a year off from September, leaving management of the...

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Cambodia: aftermath of fatal shoe factory collapse... Workers clear rubble following the collapse of a shoe factory in Kampong Speu, Cambodia, on Thursday

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Spate of recent shock departures by 50-something CEOs While the rising financial rewards of running a modern multinational have been well publicised, executive recruiters say the pressures of the job have also been ratcheted upOn approaching his 60th birthday...

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UK Uncut loses legal challenge over Goldman Sachs tax... While judge agreed the deal was 'not a glorious episode in the history of the Revenue', he ruled it was not unlawfulCampaign group UK Uncut Legal Action has lost its high court challenge over the legality...

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alice + olivia and ImagineX Partner for Greater China Expansion

Category : World News

NEW YORK, NY and HONG KONG–(Marketwired – May 15, 2013) – New York-based fashion brand alice + olivia by Stacey Bendet and Asia’s leading retail, brand management and distribution company ImagineX Group announced today an exclusive strategic partnership to develop the brand in Greater China and Southeast Asia through the opening of 23 points of sale over the next five years.

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TOPSHOP to Open First Greater China Flagship in June

Category : Stocks

HONG KONG–(Marketwired – May 15, 2013) –  Iconic British high street fashion brand TOPSHOP will open its first store in Greater China on June 6th, 2013.

Read the original here: TOPSHOP to Open First Greater China Flagship in June

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VIDEO: Chanel looks East with Singapore show

Category : Business, World News

Singapore has hosted a major fashion show for international designer Chanel, for the first time.

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Bangladesh building collapse: safety fears grow as death toll mounts – video

Category : Business

Clothes workers in Bangladesh say the recent building collapse in Dhaka has made them concerned for their own safety

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Profits down at JD Sports Fashion

Category : World News

JD Sports Fashion reports a drop in profits following losses at its outdoor chains, Millets and Blacks.

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Kipper Williams on M&S lingerie loss

Category : Business

Kipper Williams on M&S losing its lingerie boss

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Katharine Hamnett: ‘There’s a lot of testosterone in nuclear power’

Category : Business

The campaigning fashion designer is back with anti-Trident T-shirts. After attending the CND march at Aldermaston, she’s more fired up than ever – threatening to form a political party

I woke up so depressed on Tuesday morning,” says Katharine Hamnett – evenly, quietly, the way she says everything. “I felt like killing myself, and then I thought, ‘Actually, I’m going to launch a political party.’” I look for a

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Next chief blames incompetent councils for failing to regenerate high streets

Category : Business

Lord Wolfson complains about planning permission difficulties as his group announces a fall in growth and a rise in profits

The head of fashion chain Next has blamed “incompetent” local councils, who are resistant to change for the grim state of some of the country’s high streets, as he revealed “quiet” trading since January.

Lord Wolfson, a Conservative peer and government adviser, said: “There is a big opportunity to grow retail in the UK by providing people with better shops. [There are] many towns and cities where the stock of shops is inadequate.

“Some high streets have been neglected for 20 or 30 years and those are the ones that will die.”

As Britain’s only new shopping centre to open this year, Trinity Leeds, launched in the heart of the Yorkshire city on Thursday, Wolfson said councils prepared to allow “dramatic improvement” to their high streets could thrive.

“Some councils are incompetent, painfully slow or just don’t want change. It is not about the [political] colour of the council – it is about their approach to growth.”

He said Next’s store opening programme was being held back by difficulties in getting planning permission and it would now be more aggressive in fighting council decisions.

“In areas where councils traditionally have got away with saying ‘no’, we will be more active in harnessing the law and the full weight of public opinion to campaign for growth.”

Wolfson was speaking as the 536-store fashion and homewares chain said sales growth was running at only about 1% – a slide back from the 3.9% enjoyed in the final quarter of 2012.

He blamed the miserable spring weather and a squeeze on shoppers’ disposable income, but said it was too early to tell whether it was the wider economy or the unseasonable chill that was having more impact.

He predicted Next’s sales would rise by between 1% and 4% this year and did not expect shoppers to spend more freely until at least halfway through 2014.

Despite the sluggish economy, Next thrived last year, enjoying a 9% rise in profits to £621.6m as sales rose about 3% to £3.5bn in the year to January. Most growth came online where sales increased 9.5% and profits increased 15% over the year.

Profits were also lifted by £64m of cost savings, partly as a result of reducing warehouse and distribution costs and tricks such as re-scheduling staff rotas.

Next also benefited from a one-off gain of £42m by capping the salary on which the future pensions of the 1,000 staff in its final salary scheme would be paid.

Those savings offset a £29m hit from falling sales at stores open for more than a year. Although Wolfson expects sales to continue to fall at those stores, he insisted that Next would continue to open more high street and out of town outlets.

New stores contributed £26m to profits last year and the company said the high street was integral to the success of its online business, with internet shoppers picking up a fifth of their purchases in stores.

Simon Irwin, a retail analyst at Credit Suisse, said it was hard to fault Next’s strategy as it out-performed rivals such as Marks & Spencer.

“They have adapted their business model fantastically well. It is increasingly not right to look at the internet and stores in isolation as long as they are getting overall growth.”

Next plans to have about 23,000 sq

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Amy Adams Wears Jacob Arabo Jewelry to Pre-BAFTA Dinner

Category : Stocks

NEW YORK, NY–(Marketwire – Mar 19, 2013) – The BAFTAs are a genuinely global film awards event, getting more star-studded, glamorous and glitzier each year. It’s the biggest night in the British film calendar, a red-carpet event that many celebrities kick off with the annual Charles Finch & Chanel Pre-BAFTA Dinner. The dinner was held the night before the show, on February 9th, 2013, at Annabel’s in London, a private members club, founded in 1963 by Mark Birley. It is the most star-studded pre-BAFTA party in town, attracting leading luminaries of the British and International film and fashion world, who join BAFTA nominees to celebrate a year of film and fashion. For more than a decade now, Charles Finch, CEO of Finch & Partners, with the support of Chanel, has been co-hosting the event, invitations are hard to come by and the dress code is strictly enforced. The exclusive dinner regularly attracts a stellar list of directors and producers, including, on Saturday, Harvey Weinstein, Stephen Frears, Joe Wright and Nick Broomfield. Furthermore, fancy film folk like Thandie Newton, Kristin Scott Thomas, Claire Danes, Tom Ford, and Rosamund Pike were all in the crowd that night.

See more here: Amy Adams Wears Jacob Arabo Jewelry to Pre-BAFTA Dinner

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Profits rise at Zara-owner Inditex

Category : Business

Profits at the world’s largest fashion clothing retailer, Zara-owner Inditex, rose by 22% last year, helped by demand in Eastern Europe and China.

Continued here: Profits rise at Zara-owner Inditex

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