The new owner of Belstaff has been named Britain’s richest man in the latest Sunday Times Rich List. Self-made businessman Jim Ratcliffe is chairman/CEO of chemicals company Ineos, which acquired Belstaff last autumn.
Following a month of news about UK retail failures, finally some good news. It seems that Jigsaw has dealt with its cash flow problems by signing a £20m deal involving one of the founders of Carphone Warehouse.
M&S said on Monday it was shaking-up its clothing & home leadership team, with Queralt Ferrer, its womenswear & lingerie design director, and Belinda Earl, its style director, both stepping down from their roles.
Speculation that Shandong Ruyi was in talks to buy the UK’s Arcadia Group may have been denied by both parties but it has certainly focused attention on the Chinese firm’s global ambitions in the fashion sector.