UK: Liberty To Drop Fashion Range
An announcement expected later today from upmarket department store Liberty is likely to reveal plans to withdraw from the high fashion, ready to wear collections and drop its mail order and e-commerce functions, reports the Sunday Telegraph. Liberty chief executive, Fiona Harrison, told the newspaper that the company's ready to wear range was only introduced on small scale, and despite raising the profile of Liberty it had required a great deal of investment for relatively low profit returns.
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