Frasers Group has reduced its stake in Hugo Boss after previously upping its investment into the luxury fashion house.

The business, which also owns Sports Direct and House of Fraser, said it now owns 3.9% of Hugo Boss’s total share capital, a reduction from the 4.3% that it previously owned.

The retail empire, headed up by billionaire entrepreneur Mike Ashley, has been pursuing ambitious growth and expansion plans in recent months.

In October, it upped its investment in ASOS, becoming the fourth largest shareholder in the online fashion retailer.

At the same time, it announced it was increasing its maximum exposure to German fashion brand Hugo Boss to about £840 million from £770 million previously. On Friday, Frasers revealed its maximum exposure in Hugo Boss had dropped to around £580 million.

Hugo Boss, which is listed on Germany’s Frankfurt Stock Exchange, has enjoyed a boost in its share

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British Airways (BA) is replacing its nearly 20-year-old uniforms with updated ensembles designed by British, Ghanaian Savile Row designer and tailor Ozwald Boateng OBE.

The uniforms will replace those previously designed by Julien MacDonald and will be worn by more than 30,000 of the airline’s colleagues from the Spring of 2023.

The collection features a tailored three-piece suit for men with regular and slim-fit style trousers. For women, a dress, skirt, and trouser option is available, as well as a jumpsuit – an airline first.

Sean Doyle, British Airways’ Chairman and CEO, said: “Our uniform is an iconic representation of our brand, something that will carry us into our future, representing the very best of modern Britain and helping us deliver a great British original service for our customers… We wanted to create a uniform collection that our people are proud to wear.”

Boateng, who

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Principals of 15 companies are going to have very interesting discussions with Frasers Group in the coming days and weeks.

Whether the chats will lead to investment, expansion, closure, partial closure, name change or disposal is something that has been intriguing a large part of the branded fashion sector since it was revealed on Friday 16 December that JD Group had “divested 15 attractive, but non-core, brands” to its arch-rival Frasers Group for £47.5m.

This early Christmas selection box included a surprising mix of businesses from the long-established and substantial to the little-known and modest in size.

Operating in the designer sector are Cricket, Choice and Giulio. Tessuti, Scotts and Xile are in the premium menswear sector. In kidswear, Base Childrenswear and Kids Cavern are included. Discount websites in the deal are Clothingsites (including Brown Bag Clothing) and Topgrade Sportswear (including Get The Label).

The other five are contemporary menswear

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British luxury lifestyle brand Mulberry has collaborated with animated character Miffy on a limited-edition capsule collection celebrating the Year of the Rabbit for Lunar New Year.

Building on Mulberry’s history of unexpected collaborations, the Mulberry x Miffy capsule sees Dutch bunny Miffy, originally created in 1955, feature across a series of bags and accessories including keyrings, travel and tech accessories, small leather goods and iconic Mulberry bag styles.

Miffy peeks from behind envelope wallets and plays on the straps of Mulberry’s timeless ‘Bayswater’ bag, as well as appearing on several new tote designs created specifically for the collection.

Mirroring Miffy’s signature minimal design and bright palette, the collaboration comes in playful hues including coral orange, lawn green, cornflower blue and chalk white, marrying the bold colour block world of Miffy with Mulberry’s contemporary take on British heritage.

The collection is underpinned by Mulberry’s ‘Made to Last’ ethos, crafted from 100%

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Charity shops are not a “dumping ground” for ultra-fast fashion and are still full of high-quality items, a charity sector boss has said.

Traid, a charity working to stop clothes from being thrown away, said it diverted 3,222 tonnes of clothes from landfill and incineration in 2022, reducing CO2 emissions by 30,609 tonnes, and putting more than 11.2 million garments back into use.

The charity’s chief executive Maria Chenoweth said ultra-fast fashion is designed “not to last”, but if it is in good condition it can still be sold in charity shops.

She told the PA news agency: “Charity shops don’t want rubbish. We’re not a dumping ground or a graveyard for ultra-fast fashion.

“Please don’t bring in unwearable, unusable clothing into charity shops because it costs us to handle and dispose of things that are unwearable.

“The best thing you can do for charity retail, which is one of

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