Remember Fake London? It was this very quirky, very British fashion label launched in 1997 by Spanish-born, UK-residing designer Desiree Mejer. The brand quickly became famous for its off-kilter interpretations of the Union Jack flag and patchwork, magpie garb. Madonna and Oasis' Liam Gallagher were big fans, as was Gwen Stefani back in her No Doubt days. The label shuttered in 2006. But happily, it's been revived, with its first collection hitting stores this autumn. The girls at British Vogue got a sneak peek, and we must say, the designs look as irreverent and fun as ever. Good luck to Desiree! We're sure we'll be seeing Fake London back in Harvey Nichols sooner than later.
Liberty of London: Sold for £32 Million
Private equity firm BlueGem Capital has bought British company Liberty for £32 million, or $48 million (at the current exchange rate). The public company will now delist from the London Stock Exchange. Over the last few years, the famed retailer has aimed to re-invigorate a once-staid image with gazillions of fantastic collaborations, including those with Manolo Blahnik, Nike, and most prominently, Target.