Tesco UK has announced that its CEO Charles Wilson will step down after being diagnosed with throat cancer, but he will remain on the executive committee and continue to contribute to the company’s strategy.
The Original Factory’s CVA proposal has been approved by creditors this week, allowing the struggling UK retailer to shed around 10% of its store estate. The move puts an estimated 290 jobs at risk of redundancy.
The Belgian lingerie specialist, parent company of brands including Marie Jo and Primadonna, has published negative preliminary results for the first half of the year, confirming the warning issued in April.
With its strategic comeback in full swing, the Kering-owned luxury brand will see its marketing director, Lisa Pomerantz, depart this month, coinciding with the arrival of new creative director, Daniel Lee.
Ybrands has released a new study ranking the most trustworthy brands according to consumers aged 13-36. While Dove took the top spot across all product categories, Nike reigned supreme among fashion brands.