Temperley sells up

ALTHOUGH her dresses can cost up to £6,000, designer Alice Temperley and her company have been struggling financially for years.

Now she has sought outside help and her brand, Temperley London, has sold a majority stake to Dubai-based investment firm Times Square Group. Alice, 48, left, who has an MBE for services to the fashion industry and once said she wanted her brand to be a more eccentric and British version of Ralph Lauren, says: ‘We have been through really tricky times. I am incredibly excited about this new journey with Times Square Group and look forward to spending even more time in the UAE.’