Luca de Meo Says Italy Remains Key, Rules Out Production Shift
The Kering CEO also denied any interest in buying a minority stake in Armani, adding that the group was focusing on other challenges.
leadership
Luxury
Another MatchesFashion CEO Exits: What Went Wrong?
Former Amazon exec Ajay Kavan is out after a year in the role, with board member Maureen Chiquet to take the reins while the company searches for a new boss.
Media
Condé Nast Can Learn From Netflix
In a global world where local tastes still matter, the publisher of Vogue should be careful not to dictate too much of its content strategy from New York and London.
Global Markets
Lotte Shopping’s E-Commerce Head Steps Down Amid Digitisation Struggle
Cho Young-je, chief executive of Lotte Shopping’s e-commerce Business Division, has resigned in response to the company’s struggles to grow its
Global Markets
Toshiyuki Hosoya Appointed President, CEO of Isetan Mitsukoshi Holdings
Hosaya, currently president of Fukuoka-based, Isetan-owned department store Iwataya Mitsukoshi, starts his new role on April 1. The company’s current
Retail
Outdoor Voices Names Gabrielle Conforti CEO
The veteran merchandiser comes from Urban Outfitters, where she was promoted to president of the brand in January following the exit of Trish Donnelly, who has since joined PVH as Americas chief executive and global head of Calvin Klein.
Workplace & Talent
Trish Donnelly Appointed CEO of PVH Americas
The retail industry veteran joins from Urban Outfitters, Inc., where she led the Urban Outfitters Group.
Retail
Amazon Fashion After Jeff Bezos
This week, Amazon founder Jeff Bezos said he would step down as chief executive, passing the baton to top lieutenant Andy Jassy. What does the internet giant’s new CEO mean for its fashion strategy?
Workplace & Talent
L Brands Names New CEO at Victoria’s Secret
Martin Waters, who currently leads the troubled brand’s lingerie division, has been promoted to CEO of business as a whole.
Technology
Amazon’s Jeff Bezos to Step Down as CEO
Amazon.com Inc. forecast first-quarter sales that topped analysts’ estimates, signaling the internet shopping boom will continue after fueling the company’s first $100 billion quarter during the holidays.
Luxury
UK Fashion Leaders Speak Out Against Brexit Trade Deal
In an open letter to Prime Minister Boris Johnson, more than 400 executives and creatives said that the current agreement with the European Union will “decimate” the £35 billion fashion and textile industry, with new taxes and tariffs, as well as travel restrictions, making it increasingly difficult to conduct business.
Retail
Neiman Marcus Invests $85 Million in Supply Chain Innovation
As part of its efforts in improving digital customer service, the department store announced it has also hired Apple veteran Bob Kupbens in a new role: executive vice president.
Workplace & Talent
Away CEO Stuart Haselden Steps Down
The luggage brand’s co-founder Jen Rubio will step in as interim chief executive.
The News in Brief
H&M, Adidas and Inditex Back New Effort to Address ‘Waste Colonialism’
The new initiative will explore how the industry can take responsibility for the millions of used and unsold garments exported to secondhand markets around the world.
Dyson’s $499 AI Toothbrush Sees Rocky Debut
The UK firm blamed a production error resulting in ‘water seepage’ for the disappearance of its newly launched camera-equipped toothbrush from stores.
Sephora to Launch at Marks & Spencer
‘Sephora at M&S’ will roll out in M&S stores and online starting next spring, with plans to expand to 100 locations by the end of 2028.
Novo Buys Rights to Early Obesity Pill For $2.6 Billion
The Wegovy maker has signed a deal to license an experimental obesity pill from China’s Jiangsu Hengrui Pharmaceuticals as it seeks to regain share of the global GLP-1 market.
Oura Delays US IPO
The smart ring maker said on Tuesday it has delayed its US initial public offering, citing market uncertainty.
Maxhosa Africa Brings Pan-Africanism to Paris Fashion Week
Creative director Laduma Ngxokolo’s label is the first South African brand to stage a full runway show on the official Paris Fashion Week calendar.
Shein Shares Sink to Record Low After Profit Plunge
The ultra-fast-fashion giant’s share price fell 12 percent after it reported a steep drop in first-half operating income in its inaugural earnings as a public company.