Tech

Royal Mint to launch stylish coins celebrating 150 years of Liberty

Coins celebrating 150 years of the emporium Liberty sitting at the heart of artistic innovation and craftsmanship have been unveiled by the Royal Mint. Created in the Liberty Design studio, the £5 coin design combines the department store’s past and present, with elements from Liberty’s latest collection of fabrics appearing in the design. Liberty was founded by Arthur Lasenby Liberty in 1875 and it is known for the distinctive Tudor-style architecture of its London building and its floral and paisley prints. The brand soon became a hub for design and craftsmanship and it is celebrated for its fashion and its decoratively patterned fabrics. The Liberty commemorative coin is available as limited-edition precious metal proof finishes, brilliant uncirculated and colour versions, with prices starting at £18.50. The full collection will be available to buy on the Royal Mint website from 12 May at 9am. Coins will also be on display and available to buy within Liberty’s archive exhibition shop, along with a 1.5 kilogramme silver masterwork medallion that took the Mint around three weeks to make. The Mint said the medallion will be available to purchase for a “five figure sum”. The coins and medallion will be on display at Liberty’s flagship store from 12 May to the end of July, with the medallion also being available to buy. Rebecca Morgan, Director of Commemorative Coin at the Royal Mint, said: “Flamboyant style, timeless designs and the finest British craftsmanship have been combined to produce a special commemorative coin to mark 150 years of Liberty. “It has been a pleasure collaborating with Liberty to create this unique design that honours the brand’s rich heritage and its bright future.” She added: “The Liberty £5 coin also marks a special chapter in The Royal Mint’s coinage history, by being the first fashion house to be celebrated on an official UK coin.” Pere Bruach, design manager from Liberty, said: “Looking to the design house’s past and present, this special edition coin is a heartfelt tribute to our iconic flagship store.”

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Debenhams launches virtual try-ons to ramp up customer engagement

Debenhams is stepping into immersive digital retail by rolling out virtual try-on technology, starting with its beauty offering and expanding soon into fashion. The initiative is designed to enhance the online shopping experience with more personalised, interactive features that allow customers to make more confident purchasing decisions. Customers browsing beauty products on Debenhams’ platform will now be able to use a virtual try-on tool that simulates how makeup will look in real time. The next phase will introduce similar capabilities across Debenhams’ broad range of fashion and clothing brands, giving shoppers the ability to virtually try on garments using animated, human-like avatars. Daniel Finley, CEO of Debenhams, said:
 “At Debenhams we are always looking for ways to provide a differentiated and enhanced customer experience. This technology gives users more engaging and personalised ways to explore our products and make informed decisions. “We love innovation and believe the use of moving, personalised avatars with social influence is a real step forward in the virtual try-on space for beauty and fashion. We’re already seeing tangible benefits.” The virtual experience is powered by Be Retail Social, an enterprise virtual try-on and fitting room platform that enables retailers to offer AI-powered personalisation across fashion, sportswear and beauty. Simon Iddon, Founder and CEO of Be Retail Social, added: 
”We first engaged with Debenhams around our virtual fitting room platform for fashion and sportswear. However, they quickly saw an opportunity that aligned with their beauty initiatives. With minimal effort, the team had the platform-agnostic integration in place and delivering on the first sets of experiments. “We’re proud of the progress and look forward to expanding the use of our virtual fitting room services across Debenhams’ vast product range.”

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New Balance unveils ‘Grey Days’ pop-up with chance to win trainers

New Balance has launched a new pop-up in Covent Garden’s Seven Dials in the form of a newspaper kiosk called ‘Grey Days’ – complete with a printed newspaper in celebration of all its grey trainers. Visitors are being encouraged to grab a Grey Days newspaper and complete a crossword puzzle at the back. They can then return it for staff members to verify the answers and, if correct, participants will have a chance to ‘play’ and pick a counter from within a concealed bag. Every day, up to and including 10 May, there will be 10 grey counters given away to lucky winners – with the prize being a gift card which they can redeem in store for a pair of free trainers. New Balance first introduced a grey running shoe in the 1980s and, in a statement, the brand says that “grey is more than a colourway” and that it “embodies a design philosophy of timelessness, quality, and quiet confidence, spotlighting the brand’s legacy and the evolution of its innovation and silhouettes across generations”. The brand is celebrating grey throughout May, with an assortment of new and classic footwear and apparel styles in a full range of grey shades. Grey Days styles will be globally available in New Balance stores as well as on NewBalance.co.uk and through select retailers.

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‘Small but positive’ rise in retail footfall as sunny April encourages shoppers

Retailers have seen a “small but positive” increase in shoppers as the sunniest April on record enticed consumers into stores, figures suggest. Figures for March and April – which cancel out distortions due to this year’s late Easter – indicate high street footfall increased by 0.2% on last year, while visits to retail parks were up 2.7%, according to data from the British Retail Consortium (BRC) and Sensormatic. But shopping centre visits fell by 0.7%. BRC CEO Helen Dickinson said: “Adjusting for the late fall of Easter this year, footfall across March and April showed a small but positive trend, with retail parks continuing to perform the strongest out of all locations. “This reflected the unseasonally warm and bright weather right across the UK. Retailers will be hoping this momentum continues into the summer months.” Andy Sumpter, Retail Consultant for Sensormatic, added: “The combination of Easter trading and the sunniest April on record helped entice consumers back into stores. “Looking at March and April together however, the overall picture for the UK is more balanced, with footfall across the two months up just 0.2% year-on-year. “While this suggests that April’s gains largely offset March’s dip, it also highlights the importance of sustained engagement beyond seasonal peaks. Retailers will now be looking to build on this momentum as we move into the summer months.”

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Bosch Ventures’ new $270M fund is turning its attention to North America

The venture arm of Bosch has a new $270 million fund that will continue in its tradition of investing in deep-tech startups. And this time, Bosch Ventures plans to put more of its money into North American startups. Bosch Ventures, which launched in 2007, is on its sixth fund. And while the corporate VC is […]

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In My View by Eric Musgrave: Home thoughts from abroad

The recent local government elections gave a telling view of how the great British electorate is viewing the Labour government’s unedifying performance since its landslide victory last July. Losing the parliamentary seat of Runcorn and Helsby to Reform by just six votes was the bitter cherry on a stodgy cake – the Labour majority in 2024 in the constituency had been almost 15,000. I suspect British manufacturers in our sector are as disillusioned as the many thousands who voted for other parties (apart from the Tories, obviously) in late April or did not vote at all. I was told recently that the current view of Labour among British textiles, clothing and footwear manufacturers is along these lines: “The last lot just ignored us and didn’t talk to us. This lot talk to us then ignore what we say anyway.” Rachel Reeves – still chancellor of the exchequer at the time of writing! – did not cover herself with glory in early April when she batted away calls for a Government-backed “Buy British” campaign as a response to Trump’s mad tariff impositions by saying: “In terms of buying British, I think everyone will make their own decisions. What we don’t want to see is a trade war, with Britain becoming inward-looking, because if every country in the world decided that they only wanted to buy things produced in their country, that is not a good way forward.” I actually agree with her on the general point because such campaigns soon run out of steam but implying that supporting home producers in any way is “inward-looking” was, to put it mildly, a poor choice of words. Personally I’d like to see much more looking inward by lots of people, from government ministers to regular consumers, so they can see what good stuff still is produced here – for the time being at least. On this subject, it is of no conciliation to be reminded that every major country in Europe has suffered the same sort of reduction in domestic manufacturing as has the UK. Some, proportionately, have lost more than we have. I was reminded of French former glories last month when I made a flying visit to Alsace on the border with Germany to visit the Velcorex plant, which produces corduroys as well as a range of flat fabrics for casualwear. In French corduroy is called velours côtelé – literally ribbed velvet – so the company’s name is an abbreviation of “velours côtelé rex” or “king of corduroy”. The area of the valley of the River Thur was a powerhouse of the once-huge French cotton fabrics industry, but a trip there now is like a visit to the empty former mill towns of Lancashire and Yorkshire (but with better food). Back in the early 1980s, when it was part of the sprawling DMC textile conglomerate, the Velcorex mill produced an astonishing 50m metres of high-quality cloth a year, despatching it all over the world. These days output is below 2m metres and the company exists as what we would call a workers’ cooperative, having been rescued from bankruptcy (not for the first time) about three years ago. The generous host for my visit to the foothills of the Vosges Mountains was Clémence Royer-Cachot, who came to the firm as an intern studying chemical engineering 10 years ago, caught the textiles bug and has ended up as CEO of the newish concern. I wonder how many UK textile companies are guided by an enthusiastic 34-year-old woman. Obviously low-cost imports from faraway countries like China and Pakistan are Velcorex’s biggest challenge but in Clémence and her 70 or so colleagues I found the passion and belief in the craft of textile manufacturing I see in their British counterparts every time I visit a mill or a factory at home. Sadly no corduroy is manufactured in the UK anymore. The biggest domestic supplier – Lancashire-based Brisbane Moss – has its best products made in Italy, a country that has a handful of corduroy specialists still creating what the locals term il velluto a coste – ribbed velvet once again. I am off to Italy in May to see more corduroy manufacturing in action, courtesy of the firm Duca Visconti di Modrone. It is a fascinating and highly specialised process, helpfully explained on many YouTube videos. All this activity is because I am in the middle of a major project on corduroy and I’d be grateful if readers of this column would share with me any thoughts, opinions , memories, ideas or images about this peculiar cloth. As a consumer, when and how have you worn it? What brands do you associate with corduroy? If you are a textile designer, have you ever worked on it? If you are a clothing designer, have you enjoyed working with it, and why or why not? If you are a retailer, who well do you sell cordoroy? And you have any favourite images of corduroy in action? Do please drop me an email on eric@ericmusgrave.co.uk. Funnily enough, the first thing I learned when I began my research is that the old story of the cloth being the cord du roi, or the cloth of medieval French kings, is discredited these days. More popular is the idea that the name was invented by English weavers in the late 1700s who had a new ribbed cloth to sell to European customers. Having the right name is very important in marketing, isn’t it?

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Fastino trains AI models on cheap gaming GPUs and just raised $17.5M led by Khosla

Tech giants like to boast about trillion-parameter AI models that require massive and expensive GPU clusters. But Fastino is taking a different approach. The Palo Alto-based startup says it has invented a new kind of AI model architecture that’s intentionally small and task-specific. The models are so small they’re trained with low-end gaming GPUs worth […]

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Amid Greek tech boom, a prominent seed-stage firm locks down €75 million

Marathon Venture Capital, a venture firm in Athens that prides itself on being “day one partners to Greek tech partners,” just closed its newest fund with €75 million in capital commitments, according to partner Panos Papadopoulos. The vehicle brings the firm’s total assets under management to €175 million — a meaningful amount for an eight-year-old, […]

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