British fashion brand Superdry said it returned to growth in its fourth quarter, helped by online and wholesale, after COVID-19 disruption resulted
The British retailer made an underlying pre-tax loss of £10.6 million ($14.4 million) in the six months to October 24, versus a loss of £2.3 million the same period last year.
The Canadian sportswear company promotes Celeste Burgoyne to president of the Americas and global guest innovation teams, while Lauren Guthrie will helm diversity and inclusion initiatives at VF Corp.
The revenue drop came as the fashion retailer shut its shops for a second national lockdown in England.
This week, Malika Savell will lead diversity initiatives at Prada North America, while Daniela Falcão is stepping down as managing director of Edições Globo Condé Nast.
Missteps by previous management has led the British retailer's CEO to caution that a turnaround will take up to three years.
Julian Dunkerton won a bitter battle to rejoin the board in April, prompting the resignation of all its directors.
The retailer's founder Julian Dunkerton rejoined the board in April after a bruising boardroom battle, prompting most of its directors to leave.
The British fashion retailer blamed the 'complexity' of reflecting one time lease and store impairment charges, coupled with recent management changes.
The reshuffle comes two months after the return of Superdry founder Julian Dunkerton sparked the resignation of most of the board.
The warning comes just over a month after Julian Dunkerton returned to lead a turnaround.
The return of Julian Dunkerton sparked the exit of most of its board members, including top executives.