Retail news round-up: Lingerie designer launches UK-made label; Aldi plans further US expansion; and Jaeger creditors to review sale process.
Lucy May Lingerie introduces UK-made label
Natalie Mosley, ex-general manager at Panache, and Paula Walsh, ex-lingerie designer at Debenhams, together are launching Lucy May Lingerie, a UK-made label, Drapers reported.
The design and development team are based at Sheffield, where the lingerie label is produced.
The label’s first collection Maybella is available at three Sheffield retail stores and online – £28 for briefs to £45 for a padded bra.
Mosley said: “We recognised a niche in the market for beautiful, sensual lingerie that fits so comfortably it can be worn every day.
"We put our industry expertise into creating it.”
Aldi plans further US expansion
Aldi is preparing to further expand in the US, following its success in the UK, This Is Money reported.
The supermarket chain currently has 1,600 stores in the US, but is planning to expand to 2,500, making it the third-largest US retailer.
The German retailer is also planning to spend £1.3bn on redesigning 1,300 of its existing shops and creating 25,000 jobs.
Jaeger creditors challenge owner over sale process
Jaeger creditors are demanding a review of the timing and pricing of its sale, The Times reported.
Creditors will attend the private-equity group’s annual meeting in September.
They are planning to ask why Better Capital bought Jaeger and why it allegedly failed to prevent the collapse of the fashion chain.
Better Capital declined to comment.