Fat Face’s CEO is on the way out, but it’s not the usual rapid exit from an under-performing company with the exec to stay for several months and saying the firm is “in good shape”. Anthony Thompson leaves in January.
News this summer that struggling Australian department store chain Myer was looking to sell its designer label Sass & Bide, appears to have been premature with a report on Friday that the firm has called off its plans.
Danish fashion firm Bestseller United, the biggest investor in Asos, the fast-growing British online fashion retailer, said on Thursday it would reduce its holding by selling a 2.4 percent stake in the firm.
Logistics issues may have been a problem for H&M in the US, France, Italy and Belgium in Q3 but the quarter was mainly about good news as online surged, AI and analytics tech delivered, and sales recovered.
The beauty company has announced a new long-term strategy to “Open Up Avon”, focusing on positioning the company to capture strategic opportunities, rebooting its sales model and developing its digital capabilities.
Eyewear company Marcolin Group and TBL Licensing LLC are entering into an early renewal of their licensing agreement for the design, production and worldwide distribution of Timberland optical frames and sunglasses.
Former Balmain CEO Emmanuel Diemoz, who was supposed to table a rescue plan for Carven, has thrown in the towel, FashionNetwork.com has learned. There are just a few days left for any potential buyers to make a move.
The BFC launched the organisation’s China Partnerships Strategy in Shanghai this week with Ambassadorial President David Beckham and a number of BFC luminaries on hand to guarantee maximum publicity for the initiative.