Designer brand Ted Baker said trading was exceeding its hopes and reaction to its Autumn/Winter ranges had been "encouraging," as it posted a less worse than feared fall in first-half profit, sending its shares higher.
Shares in fashion retailer French Connection gain 2.2 percent as Altium Securities raises its "recommendation to "buy" from "hold" after the company reported that it was closing all of its 21 stores in Japan in an attempt to stem losses.
Move over Paris and Milan, the next centre of high fashion could be... Chechnya? The war-torn Russian region will make the leap into haute couture with this month's opening of a design studio in its capital Grozny.
Nike Inc stands to benefit from the upcoming NBA season in the United States and the football World Cup in South Africa as sales get a boost, said Goldman Sachs, which upgraded the stock to "buy" from "neutral".