Cascale Appoints New CEO
Former Under Armour COO Colin Browne has been appointed to lead the industry organisation formerly known as the Sustainable Apparel Coalition.
Irving Place, a private equity firm that approached the retailer about an acquisition last year, has grown uncertain about its proposed valuation after months of dealing with American Apparel.
American Apparel Inc. director Robert Mintz has resigned from the retailer’s board, according to two people familiar with the situation.
BoF compiles the most important professional moves of the week.
Former Under Armour COO Colin Browne has been appointed to lead the industry organisation formerly known as the Sustainable Apparel Coalition.
The company also beat Wall Street targets for third-quarter results, hinting at a recovery in demand for beauty and cosmetic products in the US after a long bout of inflation.
The British brand’s share price, which has fallen by almost 60 percent this year, declined by a further 4.5 percent in early trading on Wednesday
Manzanita Capital has selected the investment bank Raymond James to conduct a sale of the premium British beauty retailer, per Sky News.
The British fashion and homewares company said Wednesday that full price sales climbed 5.7 percent in the first quarter, which was slightly ahead of an expected 5 percent rise.
The listing drew orders for multiple times the number of shares available and is contributing to a broad resurgence of European initial public offerings.
The line, Orebella, launches on May 2 with a selection of three perfumes.
E-commerce is seen by the company as its next big potential revenue source as well as a way to keep users spending time and money on its app.