Fashion
Tala to open second UK store at Westfield London this autumn
Published
September 18, 2025
Tala continues to embrace physical retail, with the activewear brand preparing to open its second UK store at Westfield London, White City, “later this autumn”.
Following on from its successful flagship store launch on London’s Carnaby Street in May, the new 1,900 sq ft, single-level store “marks another major milestone in Tala’s transformation from a leading e-commerce disruptor into a global omnichannel brand”, it said.
Building on the momentum of Carnaby Street, “which has exceeded expectations across sales, footfall and brand awareness since opening”, it said the Westfield London location positions Tala “at the heart of one of the UK’s most commercially significant shopping destinations”.
So Westfield London customers can expect an “impactful” signature leggings wall, a large number of fitting rooms, and easy-to-shop accessory fixtures, “all showcasing Tala’s quality, flattering, solution-based products”, across outerwear, activewear and loungewear collections such as DayFlex and 365.
Tala CEO Morgan Fowles said: “Our Carnaby Street flagship has exceeded all of our expectations — commercially, awareness felt across every channel, and in all the other ways possible with a physical space and product available in real time.
“Retail works for Tala – it’s become one of our highest-converting and most brand-enhancing channels. Westfield London gives us the opportunity to build on our momentum with key points of difference – access to a different customer, shopping in a different context, as well as the flexibility to test new formats. It’s a strategic move that sets us up for future expansion, both across the UK and in international markets, but crucially will exist to serve our customers, current and future.”
Tala founder Grace Beverley added: “Our community response to our first store has been incredible, both from our loyal customer base who have been on this journey with us, and with so many new customers discovering Tala for the first time. Physical retail is more than just a sales channel for us — it’s a way for people to experience Tala in a tangible, memorable way.”
Tala also noted its retail strategy goes far beyond the two London stores, having established a strong wholesale and shop-in-shop presence. This includes partnerships with Selfridges, Anthropologie, END., Ounass and ASOS, across the UK, the Middle East and Europe. Alongside this, it notes the brand “continues to build a loyal customer base in the USA through e-commerce”.
Copyright © 2025 FashionNetwork.com All rights reserved.
By
Reuters
Published
September 18, 2025
The sale of diamonds through tenders and auctions is opaque and inefficient and should be revamped for producers to earn more and to survive the current price slump, a leading gem trader said on Thursday.
Oded Mansori, co-founder and managing partner of Belgian gem trader HB Antwerp, said the impact on producers could be reduced by doing away with inefficiencies in the industry.
The diamond market is currently going through a prolonged downturn with demand hurt by global economic uncertainty and the rising popularity of lab-grown stones.
Producer countries such as Botswana have been hard hit by lower revenues, while miners such Burgundy and Lesotho’s biggest diamond mine Letseng have had to lay off workers.
“For years, miners relied on tenders and auctions, systems that look efficient on paper but in practice resemble a casino,” Mansori said in a statement, as the industry battles a crisis considered to be its deepest in history.
“Rough stones are pushed into opaque markets where value is anyone’s guess. When global demand softens, as it has in cycles over the last decade, producers are left exposed. Workers pay the price, while shareholders watch assets decline,” he added.
Rough diamonds are typically sold through a competitive bidding system where buyers place confidential bids on individual stones or parcels.
Mansori, whose company operates a profit-sharing model with miner Lucara Diamond Corp, says producers’ revenues should be tied to the eventual polished value of its stones “rather than gambling on rough sales in opaque auctions”.
Under its partnership with Lucara, HB Antwerp buys stones of 10.8 carat quality and above from the Toronto-listed company’s Karowe Mine in central Botswana at prices based on the estimated polished value of each diamond.
HB Antwerp accounted for 72% of Lucara’s $74 million diamond revenue in the six months to June 30, up from 65% the year before.
The trader says producers can earn up to 40% more revenue if they sell through this model.
© Thomson Reuters 2025 All rights reserved.
Rieter Holding Ltd. is publishing the final details of the agenda of today’s Extraordinary General Meeting, as announced in the invitation of August 25, 2025. This does not involve any new motions, merely serving instead to clarify the existing motions. It also represents publication of the final terms and procedure for the proposed issuing of subscription rights in the amount of around CHF 400 million (~$505.9 million) and the proposed private placement in the amount of around CHF 77.4 million (~$97.90 million) .
Rieter has confirmed final Extraordinary General Meeting (EGM) agenda details, clarifying motions on a ~$505.9 million rights issue and ~$97.90 million private placement to fund its planned Barmag acquisition.
Major shareholders Peter Spuhler (33 per cent) and Martin Haefner (10 per cent) back the deal.
UBS will underwrite the rights issue, with trading of new shares set for October 2, 2025.
In addition to bank financing, the planned capital increase in two tranches will fund the planned acquisition of OC Oerlikon’s Barmag division. The two largest Rieter shareholders support the transaction. The largest Rieter shareholder, Peter Spuhler via his ownership of PCS Holding AG (approx. 33% shareholding), has committed to participate in the subscription rights issue on a pro rata basis by exercising his subscription rights and investing additional capital as part of the private placement. After completion of the capital increase – tranche A and tranche B – Peter Spuhler will continue to hold a stake of approx. 33% through his PCS Holding AG. The second largest Rieter shareholder, Martin Haefner via his ownership of BigPoint Holding AG (approximately 10% shareholding), has also committed to participate in the subscription rights issue on a pro rata basis by exercising his subscription rights and to invest additional capital as part of the private placement. The acquisition of the Barmag division is expected to be completed by the end of the 2025 financial year, subject to regulatory approval.
With reference to the invitation to the Extraordinary General Meeting sent on August 25, 2025, the Board of Directors of Rieter Holding Ltd. has set the final details of the proposals concerning the ordinary capital increase in tranche A (rights issue) and tranche B (private placement) as well as the reintroduction of the capital band in accordance with agenda items 2.1, 2.2 and 3. of the invitation as follows:
With regard to agenda item 2.1 Ordinary capital increase – tranche A (rights issue), the Board of Directors has decided to submit a definitive proposal to increase the share capital, which is to be reduced to CHF 46 723.63, by CHF 116 809.75 to CHF 1 214 814.38 by issuing 116 809 075 registered shares at a nominal value of CHF 0.01.
With regard to agenda item 2.2 Ordinary capital increase – tranche B (private placement), the Board of Directors has decided to submit a definitive proposal to increase the share capital from CHF 1 214 814.38 by CHF 145 762.70 to CHF 1 360 577.08 by issuing 14 576 270 registered shares at a nominal value of CHF 0.01.
With regard to agenda item 3. (reintroduction of the capital band), the Board of Directors has decided to submit a definitive proposal to create a capital band in accordance with Art. 653s et seq. of the Swiss Code of Obligations (CO) with a lower limit of CHF 1 292 548.23 and an upper limit of CHF 1 496 634.78 and to authorize the Board of Directors to increase the share capital within this band until September 18, 2030 (capital band) by issuing up to 13 605 770 registered shares with a nominal value of CHF 0.01 each or by increasing the nominal value of the existing registered shares and/or by canceling 6 802 885 registered shares with a nominal value of CHF 0.01 each or by reducing the nominal values of the existing registered shares.
If the proposal of the Board of Directors regarding agenda item 2.1 Ordinary capital increase – tranche A (rights issue) is approved, existing shareholders will each receive one subscription right for each registered share they hold on September 22, 2025 after the close of trading.
The new registered shares will be offered to existing shareholders at a ratio of 25 new shares for 1 subscription right held, subject to legal restrictions and the approval by the Extraordinary General Meeting of the capital increase proposed by the Board of Directors. The subscription rights will be admitted to trading on the SIX Swiss Exchange and can be traded from September 23, 2025 to September 29, 2025. The subscription rights can be validly exercised from September 23, 2025 until October 1, 2025 at 12:00 noon (CEST) and thereafter expire without compensation.
Shares that are not subscribed by existing shareholders exercising their subscription rights may be offered to other investors. The number of new shares acquired by existing shareholders and the maximum number of shares to be placed under the share offer are expected to be announced on October 1, 2025 after the close of trading on the SIX Swiss Exchange.
The offer price for the new shares in tranche A (rights issue) is CHF 3.43. The offer price for the new tranche B shares (private placement) is CHF 5.31. The listing and first trading day of the new registered shares from the ordinary capital increase, tranche A and tranche B, on the SIX Swiss Exchange are expected to take place on October 2, 2025 while the completion and settlement of the subscription rights issue and the share offering are expected to take place on October 6, 2025.
Rieter Holding Ltd. has mandated UBS to carry out the rights issue, which has underwritten the rights issue.
Expected schedule of capital increase tranche A (rights issue):
Details of the rights issue and private placement can be found in the prospectus, which is expected to be available today after the close of trading following the Extraordinary General Meeting.
Note: The headline, insights, and image of this press release may have been refined by the Fibre2Fashion staff; the rest of the content remains unchanged.
Fibre2Fashion News Desk (HU)
Published
September 18, 2025
Joe Corré, co-founder of Agent Provocateur and the son of Vivienne Westwood, has opened the Light House in London’s Soho a lingerie-cum-eveningwear-meets-accessories boutique that will also operate as a private members’ club.
The store is located on Berwick Street in the former home of a 200-year-old+ lighting specialist (hence the name) and in an interview with The Times Corré said he wants it to be “a meeting spot… like a beacon in this sea of sameness, and I want to support craftsmanship and independent designers”.
He bought the dilapidated 19th century space when the lighting business went under seven years ago and has since restored it (partly doing it himself but also bringing in specialists for the building that was in a poor state).
It’s now open and selling items from independent artists and makers such as shoes by Natacha Marro to Benedict Lamb coats, upcylced lighting by Joe Rush and latex pieces by Atsudo Kudo.
His aim is to focus on those who might find it hard to get an outlet in the heart of London with pieces that don’t necessarily translate well to e-tail.
The shop will also be a space for special events with an area that can be closed off and Corré telling the newspaper that “we might host life drawing classes, performances, book readings, exhibitions, talks, activist meetings”.
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