The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
Michael Kors chief executive Joshua Schulman to exit Capri, group head John Idol to remain. Schulman became chief executive of Michael Kors last August and was slated to succeed Idol in the top spot at Capri Holdings later this year. Analysts were surprised by the news, but not entirely discouraged about Capri’s future prospects.
Adidas announces new China chief as it looks to revive sales. The German sportswear brand appointed Adrian Siu — the former chief executive of Chinese fashion label Cosmo Label, who has held multiple roles at Adidas in Hong Kong and Shanghai — to take over from Jason Thomas, who became Adidas’ Greater China managing director in 2019.
Marks & Spencer chief executive Steve Rowe to step down in May. Rowe, who joined M&S at 15 years old and rose through the ranks, will step down after six years on the job.
Beautycounter names Amazon veteran chief commercial officer. Kara Trousdale, formerly Amazon Fashion chief marketing officer, will oversee the company’s e-commerce, retail and partnerships.
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Etro taps chief financial and chief commercial and sustainability officers. The L Catterton-backed Italian luxury house named Iacopo Martini chief financial officer and Alberto Candellero its chief commercial and sustainability officer, reports WWD. Martini most recently was CFO of Kiko Milano, and Candellero joins from Dolce & Gabbana. Both will report to chief executive Fabrizio Cardinali.
Ted Baker appoints chief financial officer. Marc Dench will succeed David Wolffe as the British label targets growth. Priorly, he served as CFO of the Walgreens Boots Alliance’s global brands and international retail division.
Love Wellness names new president. Joanne Hsieh joins the wellness and personal care products brand from Bevel and Form Beauty owner Walker & Company Brands, where she served as chief operating officer. Prior to that, she held several positions at Estée Lauder Companies, including senior vice president and international general manager of La Mer.
Discover the most exciting career opportunities now available on BoF Careers — including jobs from Hugo Boss, Banana Republic and House of CB.
To provide actionable insights and inspiration on how fashion and retail industries can further embed diversity, equity and inclusion in the workplace and business strategies today, BoF Careers co-hosted a panel discussion with The Outsiders Perspective. Now, BoF shares key learnings from the panel.
A US regulator has banned most uses of the clauses, which started as a way for fashion companies to prevent senior executives from walking off with trade secrets, but have become a standard retention tool.
Check out this week’s new partners and openings on BoF Careers, the global marketplace for fashion talent.