Kim Winser appointed chairman of Agent Provocateur

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Agent Provocateur, the luxury lingerie chain, has appointed former Aquascutum chief executive Kim Winser as chairman.

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Sir Stuart Rose to step down early as chairman

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Marks & Spencer executive chairman Sir Stuart Rose has said he will step down earlier than July 2011 and hailed incoming chief executive Marc Bolland as “absolutely the right man” for the job.

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John Lewis chairman warns against expecting quick recovery

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John Lewis Partnership chairman Charlie Mayfield opened Drapers’s sister title Retail Week’s annual conference this morning with a warning that retailers need to be careful of a false dawn in the economy.

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VAT set to increase, warns Aurora president

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Retailers must brace themselves for a further VAT increase within the next year, Aurora Fashions non-executive president Stuart Binnie warned at Drapers’ sistle titleRetail Week’a annual conference today.

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Tesco wants F+F to become ‘biggest global fashion brand’

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Tesco clothing chief executive Terry Green said he wants the grocer’s F+F clothing range to become the biggest global fashion brand within five years.

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H&M proposes stock split

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H&M will propose a stock split at its annual general meeting, whereby each of its existing shares will be divided into two new shares to dilute its share price and give its customers more opportunity to invest in the retailer.

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Businesses must reconsider values post-recession, says John Lewis chairman

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John Lewis Partnership chairman Charlie Mayfield has said that privately-run companies can learn from co-operative groups and said that how business is done post-recession must be reconsidered.

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Clothing prices fall despite VAT increase

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Clothing is cheaper than it was this time last year in spite of January’s VAT increase, according to the BRC-Nielsen Shop Price Index.

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Sir David Michels will not stand for M&S chairman role

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Sir David Michels, deputy chairman of Marks & Spencer, has ruled himself out of the running to replace Sir Stuart Rose as chairman of the UK’s largest fashion chain.

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Adidas Q4 profits tumble 61%

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Adidas chief executive Herbert Hainer said that 2009 had been his most difficult year at the top, as fourth quarter operating profits plummeted 61%to €42m (£38m).

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