Gap Names PepsiCo Exec as Global Chief Marketing Officer
Fabiola Torres, who has also held leadership roles at Nike and Apple, will oversee the group's marketing, merchandising and store experience functions.
Asos just spent over $400 million to acquire the legacy high street brand, boosting the online retailer’s place in the race to dominate the surging e-commerce market.
Parent-company Arcadia’s collapse marks the UK’s biggest corporate casualty of the pandemic. What comes next for the brand that was once the crown jewel of the high street?
The departures came shortly before reports that Green is preparing to separate the group’s brands, which include Topshop, Dorothy Perkins and Miss Selfridge, in preparation to sell some off.
The owner of high-street stores Topshop and Dorothy Perkins is preparing to break up his fashion empire after narrowly avoiding collapse into administration in June.
Arcadia said the challenges to the Company Voluntary Agreements, which were approved in June by the required majority of creditors, were "without merit."
Creditors to the billionaire's Arcadia Group will meet in London to vote on proposals to cut rents and close stores in order to ensure its survival.
The online fashion retailer is seeing rapid expansion, with shares up 42 percent and revenue growth of 39 percent to £254.3m in its first fiscal first quarter.
The total amount injected to Arcadia's pension fund during the next three years would increase to £385 million from £360 million, Sky News reported.
This week everyone will be talking about whether creditors will approve a rescue plan for Topshop parent Arcadia, Revolve's initial public offering and new men's collections from Saint Laurent and Prada. Read our BoF Professional Cheat Sheet.
This week everyone will be talking about whether creditors will approve a rescue plan for Topshop parent Arcadia, Revolve's initial public offering and new men's collections from Saint Laurent and Prada. Read our BoF Professional Cheat Sheet.
The charges, stemming from accusations he inappropriately touched a woman in Arizona, comes as Green is locked in a showdown with creditors.
Taveta Investments Limited, the holding company of Green's Arcadia Group, said Sharon Brown had also resigned as a non-executive director.
The fitness clothing brand launched two years ago with British retail tycoon Philip Green, who has faced allegations of sexual harassment.
Fabiola Torres, who has also held leadership roles at Nike and Apple, will oversee the group's marketing, merchandising and store experience functions.
The company is anticipating further sales slumps this year. Its revenue will likely drop as much as 25 percent year over year to $190 million in 2024.
After rallying more than 120 percent last year, Shopify shares have struggled this year after the company had projected higher operating costs than expected for this quarter.
The online fashion specialist said it had built up net debts of £95m in the year to the end of February – down from almost £6m of net cash a year before – after losses widened 76 percent to £160 million.
Levi notified a federal judge in Oakland, California on Tuesday that it was dismissing the case with prejudice, meaning it cannot be brought again. Settlement talks began shortly after Levi sued in January.
Demand for retro shoe styles such as 'terrace' has helped boost sales of sportswear brands like Puma and its rival Adidas at a time when the sector has been hit by weaker consumer demand and excess stocks.
Kenvue beat Wall Street estimates for first-quarter profit on Tuesday, and said it would cut 4% of its global workforce amid the Tylenol and Band-Aid maker’s efforts to expand its key brands.
Vhernier is small but Richemont has a history of turning small brands into success stories