Giant fashion group Arcadia is believed to be on the verge of the worst UK corporate collapse of the Covid crisis, with the firm expected to go into administration as early as Monday. This would put 13,000 jobs at risk.
As the Texas-based department store retailer continues on its path out of bankruptcy, it has received court approval for a restructuring plan involving the creation of separate property holding companies.
Additions to the brand's leadership include Martin Waters as CEO; Laura Miller as chief HR officer; Becky Behringer as VP of North America store sales and operations; and Janie Schaffer as chief design officer.
LVMH has announced plans to enhance its commitment to the campaign to prevent violence against women. The luxury group revealed it will donate funds to cover 1,000 hotel nights for the non-profit “Fondation des Femmes."
Following their store debut on Carnaby Street, the Rolling Stones have unveiled a global e-commerce shop equipped with a 360° virtual experience “so customers can shop inside the store from anywhere in the world”.
Abercrombie & Fitch is to close a selection of major flagship stores, including London, Paris and Munich, it announced with its latest set of results on Tuesday. The stores have been a major drag on its performance.
Briton Richard Collier is the new CEO of Jack Wolfskin, starting next week. He’ll be responsible “for the further development of the strategic brand positioning, and the continued internationalisation” of the label.
MeUndies will use the funds to expand its capabilities in product design, production and distribution, build its e-customer community, and expand omnichannel operations to new international markets and store locations.