Michael Kors is promoting Philipa Newman to President, accessories and footwear and Michele Chan to President, women’s ready-to-wear. Newman and Chan have worked for the company for over 20 years combined.
Wal-Mart has turned to the chief of its Chinese business Sean Clarke to revive Asda, its British supermarket group which has been the biggest casualty in an industry price war that has hammered its sales for nearly two years.
Wal Mart stores is finalising plans to name its China boss Sean Clarke as Chief Executive of Asda, Sky News reported. The surprise move could be announced as soon as this week, Sky said, citing sources.
The head of luxury group LVMH's Swiss watchmaking business said on Saturday the company is pushing its TAG Heuer brand in the Chinese market, as rivals scale back their investments due to weaker demand.
Ralph Lauren Corp has appointed former Coach Inc executive Jane Nielsen as chief financial offer, two days after announcing a sweeping plan to lower costs and revive sales growth at the luxury fashion brand.
The sport couture label, in which Chinese group Canudilo owns a 51% stake, has hired a new Creative Director: British designer Lee Wood has joined the brand to support its relaunch, led by new COO Dario Predonzan.
Mike Ashley, the billionaire founder of British retailer Sports Direct, defended the business he built from scratch but told MPs he would work to fix some shocking failings during heated exchanges in parliament.