The turnaround specialist, best known for his work at Sinéquanone, is stepping in to lead New Look's French subsidiary, which is planning widespread store closures and layoffs, FashionNetwork.com has learnt.
The heritage shirtmaker, which traces its roots back to 1984, has unveiled a new brand identity and name as part of a major overhaul designed to ensure it remains relevant in the ever-changing retail landscape.
Shares in Nordstrom Inc slumped 9 percent after the U.S. department store operator reported disappointing same-store sales and said it had been forced to refund some of its credit card customers after overcharging them.
The intimates and swimwear company announced on Thursday that it has concluded its acquisition of FOH Online Corp, exclusive licensee for the Frederick’s of Hollywood brand’s international e-commerce business.
Luxury brands will increasingly have to court Chinese shoppers on their home turf, as purchases soar among a clientele who are forecast to generate nearly half the industry’s sales by 2025, a study showed on Thursday.