Almost three months after announcing a new strategic direction, the Sydney-based intimates and swimwear company has revealed that it is considering the strategic divestment of one or more of its brands.
The world is changing and fashion and beauty need to change too - and fast - speakers at the Decoded Future summit in London said. Sustainable packaging, rental, resale and Gen Z mean the old rules no longer apply.
Following a global strategic review, the intimates and swimwear group announced on Wednesday that it has appointed Anna Johnson, the former EGM of its Bendon subsidiary, as its CEO and also revealed a new growth plan.
One would be forgiven for considering this weekend’s London Fashion Week as the Last Fashion Show, as the industry braces for the very real risk of a Brexit no deal and the likelihood of a slow but sure front-row exit.