Christian Louboutin eyes €1bn in revenues Fashion house Christian Louboutin has said that it is "advancing towards the goal of topping the €1 billion revenue mark." The business, which is owned by Exor, has said that it is exploring new categories and collaborating with brands. Read more.

TFG gets new funding package to boost growth The owner of UK womenswear brands Hobbs, Whistles and Phase Eight has secured a £90m refinancing package to help accelerate growth. TFG acquired the three brands in the last ten years, and returned to profit in 2023. Read more.

Retail groups eye Ted Baker’s retail business Frasers Group and Next have both contacted administrators expressing their interest in acquiring all of or parts of Ted Baker. Yesterday, it was announced that the fashion business would close 15 of its stores. Read more.

Tag Heuer moves into high-end watchmaking arena As part of a long-term repositioning strategy, Tag Heuer has launched its first high-end watch, at a $150,000 price point. Read more.

Ted Baker administrator closes 15 stores Administrator Teneo, appointed by Ted Baker last month, has announced the closure of 15 Ted Baker stores across the UK. The move will impact 245 jobs. Read more.

Puig to float on the Spanish Stock Exchanges The beauty and fashion group has announced that it intends to float on the Spanish Stock Exchanges. Puig has said that becoming a publicly listed company will allow it to better compete with best-in-class family-owned companies globally. Read more.