American Apparel Finds CEO Misused Funds; Helped Discredit Employee

Ousted American Apparel CEO Dov Charney | Source: Reuters

NEW YORK, United States — An internal investigation at American Apparel Inc has found that its CEO Dov Charney violated company policies, ranging from misusing company funds to failing to stop the discrediting of at least one former employee who had accused him of sexual harassment, a person close to the matter said.

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M&S Loses More Market Share as Price Gap With Rivals Widens

Marks & Spencer's ladies campaign | Source: Marks & Spencer

LONDON, United Kingdom — Marks & Spencer Group Plc was the only major clothing retailer to lose U.K. sales and market share in the six months through mid-May and the price gap with rivals widened, according to Sanford C. Bernstein.

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Your Days are Numbered, Top Online Entrepreneur Tells Retailers

Goods ordered on Amazon ready for shipping | Source: Reuters

PARIS, France — The founder of Rocket Internet, the German venture capital company behind dozens of online start-ups, warned the retail industry on Thursday that e-commerce and smartphones would mean there will be little future for stores in emerging markets.

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Italian Prime Minister and BoF Honour 30 Leading Menswear Retailers

Prime Minister Matteo Renzi, Imran Amed and representatives from 30 leading menswear retailers | Source: BoF

In Florence’s historic Palazzo Vecchio, the Italian Prime Minister Matteo Renzi and BoF founder Imran Amed honoured 30 leading global menswear retailers on the occasion of the 60th anniversary of ‘Firenze Home Town of Fashion.’

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Full Video: Suzy Menkes on Going Digital and Her Top Fashion Moments

Earlier this week, BoF published the highlights of an exclusive video interview with intrepid fashion critic Suzy Menkes as she begins her new role at Condé Nast International. Today, watch the full video, where Menkes also reveals some of her key observations about the fashion business and recalls some of her favourite fashion moments.

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Mulberry Profit Falls After CEO, Creative Head Leave Bagmaker

Mulberry's Cara Delevingne bag range | Source: Nowfashion.com

LONDON, United Kingdom — Mulberry Group Plc, the U.K. luxury bag maker that’s lacking a chief executive officer and creative director, reported a second straight decline in annual profit amid weaker third-party sales at home and in Asia.

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