Following the departure of Matthieu Leclercq this summer, it's Fabien Derville – a member of the Mulliez family and veteran of Leroy Merlin and Movibia – who will now be taking charge of the sporting goods company.
Bestseller saw rising womenswear sales in its latest year but most profit came from menswear. And while its CEO was happy with the results, he said the new year is proving tough and the company needs to work harder.
Mike Ashley, the billionaire boss of Sports Direct , will use an appearance in front of members of parliament next month to demand more assistance for Britain's struggling retail sector, he said on Thursday.
A report has suggested Arcadia is looking to close around a third of its 500 leased UK stores, joining the wave of UK retailers trying to downsize their store estate as online shopping continues to soar.