An influential N Brown investor has asked shareholders to vote against the retailer’s remuneration policy at its AGM on Tuesday, saying that executive bonuses are not linked closely enough to performance.
The bridalwear company, owned by BC Partners, has announced the appointment of four new senior executives to boost its international expansion. It follows the appointment of Amandine Ohayon as CEO in January.
NY-based jewelry designer Gabriel & Co. has partnered with Elie Saab for the latest installment of its Designer Flash series, a curated jewelry assortment and podcast series revealing insights from featured designers.
Inditex sales may have risen only 2% in Q1 but it was still a record quarter and without currency exchange effects it would have powered ahead by 7% as both online and stores expansion again proved a winning formula.
New Look has admitted last year was very difficult as it revealed bleak trading results amid external and “self-inflicted” issues. However, it said its turnaround plan is on track to deliver stability for the new year.
Sears Holdings Corp said on Thursday it plans to shutter another 72 locations to stem losses in the face of deepening financial distress and reported a nearly 12 percent drop in quarterly comparable-store sales.