The fashion group said on Thursday it plans to shutter all retail stores in Australia and New Zealand, as the region continues to prove loss-making for the Hong Kong-listed company. Some 350 staff will lose their jobs.
Kering's luxury labels may have boosted supply chain transparency but many luxury firms are falling short, Fashion Revolution claims. And the most transparent fashion labels of all? Sports giants Adidas and Reebok.
New Look’s CEO Anders Kristiansen is stepping down from his role after five years at the once fast-growing fashion retailer, the company said, with "a change to the leadership” needed to spark a turnaround.