Luxury group Kering has announced Emmanuel Gintzburger, formerly retail and wholesale director at Yves Saint Laurent, as chief executive of Alexander McQueen. In his new role, Mr Gintzburger will be responsible for pursuing the brand’s global expansion and accelerate growth. He will report to Grita Loebsack, Kering’s chief executive of luxury. Mr...
Fashion retailer Farfetch has raised millions of dollars, equating to £75 million, from investors ahead of planned expansion in Asia. The move follows the acquisition of London-based fashion boutique Browns as well as moves to increase the number of boutique brands selling through the platform. New investors Temasek, IDG Capital Partners and...
Supermarket Morrisons has reported that like-for-like sales in the second quarter rose slightly, the second consecutive quarter of sales growth. The UK’s fourth largest supermarket saw a drop in total sales of 1.8%, excluding fuel, as a result of closing the group’s convenience chain M Local and some of its supermarkets. David...
The former owner of BHS, Sir Philip Green, has agreed to appear in front of a committee of MPs to answer questions about the collapse of the department store. The announcement comes after a separate fast-track investigation was ordered by the government into the actions of BHS directors and their role...
Amazon’s food delivery service, Amazon Fresh, is said to be launching in the UK this month, putting further pressure on the country’s grocery sector. The service, which delivers fresh foods and has been active in the US for approximately seven years, will launch on the 18th according to chilled meals supplier...
It has been announced that UK shop prices fell 1.7% in April which hasn’t changed from the drop seen in March. The report from the British Retail Consortium also confirms that shop prices have been negative for the past three years exactly. Figures show that non-food decreased 2.9% in April from...
It has been revealed that The Co-operative Group will be selling 36 former Somerfield stores and will be putting more emphasis on convenience shopping. The Somerfield stores were purchased by the Food Retailer Group, a division of restructuring experts Hilco who have implied that the move will not lead to stores...
Sainsbury’s has seen a 14% drop in annual profits before tax, after being forced into a price war with the discounters. Including one-off items such as profits or losses on property, the supermarket made a return to profit of £548 million in the 52 weeks to March 12 from a £72...
Next has said that colder weather in March and April reduced demand for clothing, particularly over the Easter holiday period, which was unusually warm last year. Next said that it was possible, however unlikely, that sales will deteriorate further although sales had risen with the temperature in the past few...
It has been announced that with immediate effect, Fabrizio Malverdi will be the new chief executive at Agent Provocateur. With over 15 years’ experience in luxury retail, Mr Malverdi’s previous roles have included managing director of Dior Homme, of Christian Dior Couture, and before that he was CEO of John Galliano...
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