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.
Harvey Nichols has named Julia Goddard chief executive following the departure of Manju Malhotra — who held the post for 25 years — in late 2023. Goddard joins from Alexander McQueen where she spent 14 years, most recently leading expansion in the Europe, Middle East and Africa region as president.
Goddard will take a seat on the board and report to Sir Dickson Poon and Pearson Poon, chairman and vice chairman of the UK-based retailer.
The move comes at a challenging time for retailers, who are strained by the end of tax-free shopping in the UK as well as ongoing cost and inflationary pressures. The Harvey Nichols business is also undergoing a wider reorganisation. In March, the board announced job cuts impacting around 5 percent of employees could be coming as it looked to streamline operations and get on a path toward profitability.
Harvey Nichols has yet to publish results for FY 2023, which ended April 1, 2023. Revenue for the period was expected to rise 13 percent year-on-year to £216.6 million ($269.2 million), while loss was reduced by 30 percent, said the company in the March statement.
ADVERTISEMENT
Learn more:
Harvey Nichols CEO to Step Down
Harvey Nichols chief executive Manju Malhotra is stepping down at the end of the year.
Mining company Anglo American is considering offloading its storied diamond unit. It won’t be an easy sell.
The deal is expected to help tip the company into profit for the first time and has got some speculating whether Beckham may one day eclipse her husband in money-making potential.
The designer has always been an arch perfectionist, a quality that has been central to his success but which clashes with the demands on creative directors today, writes Imran Amed.
This week, Prada and Miu Miu reported strong sales as LVMH slowed and Kering retreated sharply. In fashion’s so-called “quiet luxury” moment, consumers may care less about whether products have logos and more about what those logos stand for.