Retail
Forever 21 with new deal to sell assets
The US-based fast fashion retailer Forever 21, which filed for bankruptcy in September last year, reached an agreement with a consortium of companies to sell its assets for 81 million US dollars
Tapestry with key executive appointments
The luxury house has appointed Liz Fraser as CEO & Brand President for Kate Spade; Giorgio Sarné as CEO & Brand President for Stuart Weitzman and Yann Bozec as President of Tapestry Asia Pacific
Sales up by 2.3% at Salvatore Ferragamo
The Italy-based luxury sector player released the Group’s Preliminary Consolidated Revenue for Fiscal Year 2019, which amount to 1,377 million Euros up 2.3% at current exchange rates and 1.3% at constant exchange rates
JCPenney expands leadership team
The Texas-based company announced the appointment of six Vice Presidents, each bringing years of leadership, innovation, and expertise to JCPenney
Shoe Zone with declining profits blames financial burden of public policies
In the last financial year Shoe Zone's underlying pre-tax earnings slid to 9.6 million British pounds from 11.3 British pounds in the previous year. Management blames Government for increasing taxes
J.Crew appoints Jan Singer as CEO
The Board of Directors of the American multi-brand, multi-channel, specialty retailer appointed Jan Singer to serve as Chief Executive Officer, effective from the 2nd of February
Louis Vuitton to open its largest store in Japan
The main brand of the LVMH's portfolio, Louis Vuitton, will open its largest store in Japan in Osaka in February. At the same time the brand will open its first cafe and restaurant
12 Timberland stores to close across the UK
Outdoor clothing and footwear brand Timberland together with their retail partner 73 Retail are closing 12 stores across the UK. Other closures impacting The North Face and Havaianas
Former Crocs CEO and son launch injection-moulded footwear brand
The former CEO of the Colorado-based footwear brand Crocs and his son have created Joybees, a Denver-based company making injection-moulded footwear
Woolworths changes CEO
Woolworths' CEO Ian Moir has resigned and Roy Bagattini, President of Levi Strauss' American operations will fill the position
Bardot to have major restructure
The brand, which went into voluntary administration in November, will close 58 stores over the next two months. 530 employees expected to be impacted
JD Sports with positive holiday sales
The sports-fashion retail company based in the UK announced an update on performance following the Christmas trading period. A positive like for like trend was registered
J.Crew Group announces quarter results
The New-York based company announced financial results for the third quarter and first nine months of fiscal 2019. On the occasion a Transaction Support Agreement with Ad Hoc Group of Creditors has also announced
Reef signs new EMEA distributors
Reef Lifestyle, LLC announced it has entered into several new distribution agreements with leading footwear distributor partners across Europe, the Middle East and Africa (EMEA)-
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