BoF compiles the most important professional moves of the week.
NEW YORK, United States — Abercrombie & Fitch Co. named four new independent directors to its board after forging a truce with activist investor Engaged Capital LLC, which had sought a management shakeup at the teen retail chain.
Room for Change (Montecristo) “This encapsulates much of what has been transpiring at the Bay stores across Canada the last few years, a signal that Canada’s iconic department store is entering a new era. It follows the sale of the Hudson’s Bay Company to Richard Baker of the U.S. retail chain Lord and Taylorin 2008, and his appointment of Ms. Brooks to the leadership position at the Bay. Her assignment is to breathe new life
The Bay's Bonnie Brooks' lifelong ‘quest to be the best’ (Globe and Mail) "Ms. Brooks is used to thinking big. [At Lane Crawford], she used some of the same tactics that she’s applying at the Bay to turn it around: introducing an array of with-it brands, ditching old ones and putting a spotlight on high-margin shoes and handbags." How luxury brands can tap the blogosphere’s growing influence (Luxury Daily) "Consumers trust blogs more compared to traditional media than they did five years ago. Brands should actively look for ways to generate positive press by developing relationships with prominent industry bloggers." Hermès needs to style media defense to unsaddle LVMH (Reuters) "Winning the media war against luxury giant LVMH which began…