BIRKENSTOCK, the German sandal brand once considered a “hippie” fashion choice, could be valued at £6.4billion in a New York listing — after gaining ground with style’s in-crowd.
Boss Jonathan Brearley has admitted some households will be paying higher bills than last year because Government support has been removed.Ofgem has extended its ban on suppliers force-fitting pre-payment meters to include households with people over 75, and children under twoOfgem suspended force- fitting of PPMs after The Times revealed British Gas agents breaking into vulnerable people’s homes to install meters without their knowledge.
The deal is the latest in the dismantling of the 93-year old retailer, which will vanish from the high street by next month but be kept alive online. H&M has admitted it is “part of the problem” of fast-fashion waste and plans to start selling second-hand clothes at its flagship shop in London.