FashionMag's selection of this Summer's top news

British retailers set to lose millions after riots
British retailers face tens of millions of pounds in costs and losses following rioting, looting and arson across and beyond London, and the impact on smaller businesses could be terminal, retail representatives warned.

Onlookers take photographs of a shop window which was smashed during the riot. Looting took place in Wood Green following the evening riots in Tottenham with shops including HMV and The Body Shop being broken into by rioters. - Photo: corbis

Jack Wolfskin buyout backed by 500 mln euro loan
U.S. private equity firm Blackstone's buyout of German outdoor brand Jack Wolfskin is backed by a 500 million euro ($725.4 million) loan.

H&M links up with Beckham on new underwear range
Budget fashion chain Hennes & Mauritz is to partner with soccer star David Beckham to sell his new range of underwear.

Brigitte Bardot lends her name to new ready-to-wear brand
In only a few weeks’ time, a new ready-to-wear brand will be presented for the first time during the next edition of the Who’s Next trade show. Named after fashion icon Brigitte Bardot, the women’s clothing line will make its debut in 2012 in time for the Spring/Summer season.

PPR eyes Brioni for around €350 mln
French luxury goods and retail group PPR is considering buying family-owned Italian tailor Brioni for about 350 million euros ($508.4 million).
PPR, Brioni

Kellwood to acquire Scotch & Soda
An affiliate of Sun Capital Partners, Inc. and Kellwood announced an agreement to acquire Amsterdam-based fashion brand Scotch & Soda.

Inditex signs deal with Tata to introduce Massimo Dutti to India
The giant Spanish group, originally from Galicia, has just signed an agreement with Trent Ltd, subsidiary of Indian group Tata, for the launch of one of its brands in India. The joint-venture, of which 51% is owned by Inditex, will thus allow Massimo Dutti to join Zara, which is already present in the country.

Spain's richest man runs world's biggest fashion retailer
Amancio Ortega, a billionaire thanks to his Inditex retail empire, including its flagship Zara brand, said that he would pass the torch on to his number two.

Jean Paul Gaultier presents Kokorico fragrance during Paris Couture Week
Following its famous Mâle fragrance, whose product offering was largely extended since its launch, Jean Paul Gaultier has just created its second perfume line for men. Named ‘Kokorico’, it marks the beginning of a new era for the French fashion house.

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