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.
Emanuel Cristaudo will take on the role of chief financial officer of the 104-year-old South African fashion retailer effective July 1, Reuters reports.
Cape Town-based Truworths owns fashion brands including Truworths Man, UZZI and Office Shoes, which it acquired in 2015 for £256 million (around $358 million). It operates around 780 stores, the majority of which are located in South Africa.
Cristaudo has taken on both executive and director roles at Truworths in the last 16 years. He replaces David Pfaff, who resigned in February, and will work to help the company recover from losses suffered during the pandemic by growing its budget clothing business.
Discover the most exciting career opportunities now available on BoF Careers — including jobs from The Business of Fashion, Stüssy and Anest Collective.
Fashion retailers are promoting fewer store employees into corporate roles, missing out on key expertise and diversity as a result.
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.