Top stories this week: Burberry becomes billion Pound business, Aquascutum goes into administration and Brangelina get engaged
Burberry becomes billion Pound brand
Quintessentially British brand Burberry is now a billion Pound business, and joins the likes of Prada, Gucci and Louis Vuitton in this prestigious category. Read more here!
Jaeger sells and Aquascutum falls
While Jaeger has been bought for £20 million by investment company Better Capital, Aquascutum announced that it was having problems and even cancelled its press previews for the new season. It’s now officially gone into administration… sad face! Read more here!
Marchesa to launch contemporary line!
It could be getting a lot cheaper to own a piece of Marchesa, as Georgina Chapman and Keren Craig are reportedly joining forces with LF USA to launch a more affordable, contemporary collection! Read more here!