Online Fashion portal WGSN (the world’s leading online research, trend analysis and news service for the fashion and style industries) has been bought by Emap for a crazy £140m. Launched in 1998 by Julian and Marc Worth WGSN has always been unique in its ability to provide fast info on materials, brands, shapes textiles etc to designers, retailers and manufacturers.

Derek Carter, Emap Communication’s chief executive, said: “The acquisition of WGSN is in line with our strategy to develop and expand our five key vertical markets — retail, construction, public sector, healthcare, and media — while seeking to concentrate on premium, market-leading value-added products with a loyal customer base and superior growth profiles.”