Kappahl has carried out a reorganisation that involves the merging of the functions of its marketing and retail departments. As a result, vice president of marketing, Joakim Holmstrand, will leave the company.
Sports Direct has slammed a report that suggested that the company’s CEO-to-average employee pay ratio was the second highest in the FTSE 350, calling it ‘fake news’ circulated by an "irresponsible organisation".
The owner of the Danish apparel group has increased his stake in Asos to 29% according to regulatory filings Tuesday, taking its investment to just below the 30% mark that would trigger a mandatory bid for the company.
John Lewis has been growing fast in the fashion sector in recent years and it wants to accelerate that growth with its latest move being the launch of an own brand LA-inspired denim lifestyle offer next week.
Pentland Brands has added to its portfolio of sports-linked labels with an investment in Californian casual lifestyle sneaker brand SeaVees. The dormant brand was revived in 2009 and now plans a global rollout
Neiman Marcus posted a net loss of $117.1 million in the second quarter and a loss of $140.6 million for first half of its fiscal year. The retailer is reportedly exploring a sale or debt restructuring.