Here is a roundup of the top five most-read stories on just-style this week. Click on each headline for the full story.

Baugur backs out

UK: Baugur opts out of GBP40m Moss Bros bid
 
A consortium led by Icelandic investor Baugur Group has dropped its GBP40m (US$79m) proposed bid for suit retailer Moss Bros, which was first tabled in February. Baugur said despite concluding its due diligence and arranging necessary funding, "changes to the composition of the company's share register" have forced it to pull out.

Sears' Cool clothing

US: Sears to launch LL Cool J clothing line

Department store retailer Sears is to roll out an exclusive LL Cool J apparel collection as part of its autumn assortment. The tie-up with the rap star and actor comes after Sears carried out research to identify "an aspirational label that can be accessible to all."

Polo Ralph Lauren gallops ahead

US: Polo Ralph Lauren Q4 profit jumps 42%

The successful launch of the American Living line at JC Penney Co, as well as sustained growth in Europe, have helped Polo Ralph Lauren Corporation to a 42.5% jump in fourth quarter profit. The luxury goods firm said its net income soared to $104m from $73m in the same period last year.

Phillips-Van Heusen pulls the plug

US: Phillips-Van Heusen to close 75 Geoffrey Beene stores

Apparel maker Phillips-Van Heusen Corporation will not renew its license agreements to operate Geoffrey Beene outlet retail stores - and will close the Geoffrey Beene outlet retail division by the end of fiscal 2008. Around 25 of the 100 Geoffrey Beene stores will be converted to Calvin Klein outlet stores.

Coach Inc in China

US: Coach to take control of its Chinese retail operations

US luxury brand Coach Inc is positioning itself for significant growth in China by taking control of its distribution in the region. The American design house, which makes handbags, footwear and accessories, is buying its retail businesses in China, Hong Kong and Macau from current distributor, the ImagineX group.