Latest Articles in Report

CEO of France's La Redoute to resign at the end of July

La Redoute, owned by the Galeries Lafayette group, announced on Thursday that its CEO, Philippe Berlan, will step down at the end of July. He wants to “pursue a new professional opportunity”. An interim CEO will be appointed until a successor is found. Philippe Berlan, who has been CEO since March 2022 and was previously deputy CEO, will leave...

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Benetton to undergo restructuring, attempts to protect jobs

Italian fashion retailer Benetton is believed to be undergoing a restructuring, with reports stating that the group is in contact with local trade unions in a bid to preserve jobs. According to WWD, Benetton Group, under the supervision of its new CEO Claudio Sforza, is looking into the implementation of wage support for its workforce, working...

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Mister Spex appoints Tobias Krauss as new chairman of the supervisory board

Eyewear retailer Mister Spex has announced the departure of Claus-Dietrich Lahrs as chairman of the company's supervisory board. This position is now being taken over by Tobias Krauss, who was unanimously elected by the board. Krauss has been a member of the supervisory board since 2020 and is CEO of Abacon Capital, the family office of the...

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Shein to reportedly launch in India via Reliance Retail deal

Chinese fast fashion giant Shein is believed to be set to embark on a new journey into India, where it has reportedly struck a deal with Reliance Retail Ventures. According to a report from the Economic Times (ET), Shein products will be sold by Reliance Retail’s app and brick-and-mortar stores, through a deal that is believed to have already...

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Nike to launch new 100 USD and under line to get sales back on track

Sportswear giant, Nike is set to introduce a new line of sneakers that will retail for 100 USD or less as part of the company’s wider aim to refine its product offering and bolster flagging sales. In recent years, Nike has notably increased the list price of some of its more premium sneakers, like the Air Jordan 1 sneakers, which retail for up...

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Paul Fredrick appoints Erica Lee as chief executive officer

Menswear brand Paul Fredrick has announced the appointment of Erica Lee as its new chief executive officer. Before joining Paul Fredrick, the company said, Lee was most recently with FullBeauty Brands, where she led the Ellos, KingSize, and Swimsuits For All brands during her tenure. Prior to FullBeauty Brands, Lee held roles in the...

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Bob's Stores to close all locations after 70 years in business

Bob's Stores, a subsidiary of GoDigital Media Group, has decided to close all its locations and liquidate all inventory, as part of the Chapter 11 restructuring petition filed on June 18, 2024. The nearly 70-year old company, offering a broad selection of leading national brands, said in a release that despite making quick changes to its...

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Wolford expects negative earnings for 2023

At the end of April, Wolford AG postponed the publication of its annual financial statements for 2023, but the Austrian clothing retailer has now reported its preliminary results. An ad hoc announcement on Thursday shows that the legwear specialist, which is part of the Lanvin Group fashion group, expects a negative result before interest,...

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C&A: Giny Boer vacates CEO position

Giny Boer, the first woman to head C&A in Europe, is stepping down. Boer took over her role as CEO of the clothing retailer in January 2021 and is now stepping down from her position to focus on non-executive tasks in the future, the C&A BV supervisory board announced on Wednesday. During her time at the helm of the company, the outgoing CEO...

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George owner Asda names David Devany as VP of ecommerce

Asda has appointed David Devany as vice president for ecommerce, who is joining the company Iceland Foods. At Iceland Foods, he held the role of group chief customer, marketing and digital officer since 2020. The company said in a statement that Devany brings over 25 years of experience in ecommerce, digital and marketing, and will focus on...

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Authentic appoints Jeff Daggett to drive growth in Japan

Authentic Brands Group (Authentic), the global brand development, entertainment and marketing platform, has appointed Jeff Daggett as senior vice president – head of Japan to accelerate growth and fortify market presence in Japan. With more than three decades of industry experience, Daggett has been brought on to strengthen Authentic’s foothold...

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Givenchy appoints a new chief executive officer

French luxury conglomerate LVMH Moët Hennessy Louis Vuitton has announced that Alessandro Valenti has been appointed as the new chief executive officer of Givenchy, effective immediately. Valenti joins the French fashion house from Louis Vuitton, where he was most recently president of the EMEA region. The seasoned executive, who has worked at...