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.
CHELTENHAM, United Kingdom — British fashion retailer Superdry appointed retail industry veteran Nick Gresham as interim chief financial officer on Wednesday, two months after the return of founder Julian Dunkerton sparked the resignation of most of its board.
Gresham, who joins from online sports and cycling retailer Wiggle and has worked for Homebase and Debenhams among others, will take over the role from Ed Barker on June 3.
"This is an important step for Superdry as we continue to focus on rebuilding the board and putting the right leadership and corporate governance structure in place," new Chairman Peter Williams said in a statement.
The majority of Superdry's board stepped down on April 2 after shareholders backed a coup that handed operational control of the company back to Dunkerton.
ADVERTISEMENT
Dunkerton, currently interim chief executive officer, has since begun aggressive moves to change how Superdry is run and revive the retailer's fortunes.
The company, whose main products are sweatshirts, hoodies and jackets, named Boohoo chairman and industry veteran Peter Williams as chairman in April to replace Peter Bamford.
Dunkerton said earlier this month the company was still on the lookout for a permanent chief executive.
By Tanishaa Nadkar; editor: Gopakumar Warrier.
Antitrust enforcers said Tapestry’s acquisition of Capri would raise prices on handbags and accessories in the affordable luxury sector, harming consumers.
As a push to maximise sales of its popular Samba model starts to weigh on its desirability, the German sportswear giant is betting on other retro sneaker styles to tap surging demand for the 1980s ‘Terrace’ look. But fashion cycles come and go, cautions Andrea Felsted.
The rental platform saw its stock soar last week after predicting it would hit a key profitability metric this year. A new marketing push and more robust inventory are the key to unlocking elusive growth, CEO Jenn Hyman tells BoF.
Nordstrom, Tod’s and L’Occitane are all pushing for privatisation. Ultimately, their fate will not be determined by whether they are under the scrutiny of public investors.