No this is not some weird belated April Fool but Marks and Spencers will be selling two million products off for one penny each, yes 1p! Back in 1884 M&S was a Penny Bazaar and so to celebrate their 125th birthday, the retailer will be selling off a range of products for literally loose change. Products on sale include jewellery, scarves, purses, underwear, cufflinks,...

First there was the breakdown of Baugur and then Ittierre announced that it had filed for bankruptcy. Now Just Cavalli has pulled out of Milan Fashion Week. Ittierre is a production and licensing company that works with numerous luxury labels including Galliano and Versace Sport as well as Just Cavalli. Because of a lack of funding they have been forced to file for bankruptcy....

Boris Johnson is the most unlikely fashion icon. But we couldn’t love him more, because he has announced that he is helping London Fashion Week. The London Development Agency (LDA) which basically does what it says, it aids London’s development, has hooked up with the British Fashion Council, to make sure London retains its title as a fashion capital. London Fashion...

Anyone who says you can’t do fashion on a budget should just zip it. And that’s exactly what designer Sebastian Errazuriz decided when he created the most versatile dress in the world. I say dress, but what I actually mean is 120 zips. So you can zip, unzip, zip together, zip apart to create a whole host of outfits. Whether you want a crop top, a dress, a mini skirt...

The vile credit crunch has been attacking retailers and work places across the globe. With the cut backs at the Fashion Weeks, it was only a matter of time until our favourite stores started to feel the pinch. The Icelandic investment group Baugur yesterday filed for bankruptcy throwing the future of our high street into turmoil. The demise of a company who holds stakes...