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.
British online fashion retailer Boohoo Group Plc said on Monday its board had approved appointing PKF Littlejohn as the group’s auditor with immediate effect, replacing PwC which had been in the role for around seven years.
The company had said in October that PwC would not compete to be the new auditor, as Boohoo rejigged its corporate governance apparatus following a report into working conditions at its suppliers.
By Tanishaa Nadkar; editor: Rashmi Aich.
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.
The company is in talks with potential investors after filing for insolvency in Europe and closing its US stores. Insiders say efforts to restore the brand to its 1980s heyday clashed with its owners’ desire to quickly juice sales in order to attract a buyer.
The humble trainer, once the reserve of football fans, Britpop kids and the odd skateboarder, has become as ubiquitous as battered Converse All Stars in the 00s indie sleaze years.