Mike Ashley, British retailer Frasers' founder and biggest shareholder, will likely step down as chief executive next year and be succeeded by Michael Murray, the group's "head of elevation", it said on Thursday.
Selfridges is for sale with a formal auction process about to start. It hasn’t been announced by its owners, the Westons, but a news report said Credit Suisse will be canvassing prospective buyers “imminently”.
Harrods is the latest major name to enter the rental space and, like others, the company is teaming up with a fashion rental specialist in order to do it. The company is linking with My Wardrobe HQ on the move.
Chanel is putting major support behind its Factory 5 launch to mark the centenary of its Chanel N°5 fragrance and has linked up with Selfridges for a pop-up in the retailer’s prime Corner Shop location on Oxford Street.
Animal rights group PETA claimed a victory on Tuesday as it said labels in the portfolio of Spain’s Puig have confirmed they’ll stop selling items made out of the skins of snakes, crocodiles, and other ‘exotic’ animals.
The son of the founder of Factory Records has criticised the label’s current owner and retailer Selfridges after a new collection of fashion and homewares went on sale with prices rising to the high hundreds of pounds.
RewardStyle’s platform and its LiketoKnow.it shopping app are rebranding as LTK, a unified platform “to lead the industry in powering global creator commerce, servicing brands, influencers and shoppers”.