BURBERRY’S chief operating officer, John Smith, has resigned from his position. John is said to be leaving to pursue new interests. The news comes as Burberry’s management structure finds itself regularly in the headlines. Last week the company announced that Smith, along with Bailey and CFO Carol Fairweather, would see their salaries cut by up […]
Luxottica has started legal proceedings against BCBG Max Azria for allegedly copying the famous Wayfarer frame belonging to Ray Ban. The Italian eyewear company, which owns Ray Ban, claims that BCBG has been reproducing, copying, or colourably imitating the Wayfarer trademark and applying such reproductions, copies or colourable imitations to merchandise, labels, signs, packages, receptacles […]
Gucci’s CEO Marco Bizzarri announced his plans to grow the brand by more than double the market average. Forecasting Gucci revenues at an unprecedented €6 billion for the long term , Bizzarri outlined his growth strategy in a meeting. Bizzarri pin-pointed e-commerce as a specific growth area, following the recent redesign of the Gucci website […]
PETA used its position as a Hermés shareholder to confront chief executive Axel Dumas at the luxury label’s annual meeting. A French spokeswoman for the Ethical Treatment of Animals, Isabelle Goetz, read out allegations of cruelty to animals, demanding that Dumas provide an explanation for the fashion house’s use of exotic skins in its handbags. […]
Jonathan Akeroyd, former CEO at Alexander McQueen, has been appointed as CEO at Gianni Versace, replacing Gian Giacomo Ferraris, who has worked at Versace since 2009. Akeroyd’s departure from McQueen was revealed earlier this month when it was announced that Emmanuel Gintzburger, formerly worldwide retail and wholesale director at Yves Saint Laurent, would be filling […]
Marks & Spencer’s chief executive Steve Rowe has revealed how he hopes to turn around the troubled retailer’s fashion offering. It involves getting rid of repetitive capsule collections; improving style, fit and quality; and pleasing the company’s loyal customer, who he referred to as “Mrs M&S”. “We need to cherish her and give her what […]
Puma has debuted the Ignite EvoKnit line of performance running shoes — the first to feature its new EvoKnit technology. The sneakers boast a fully knitted upper and collared sleeve intended to offer breathability with a comfortable, stretchy fit. To provide support, the brand outfitted the shoes with a stabilizing strap to lock the heel […]
H&M has announced that its next designer collaboration will be with Kenzo. The collaboration is slated to launch in store in November this year. “We can’t wait to share with everyone the world of KENZO x H&M, with all of its creativity, fun and love of fashion,” said Ann-Sofie Johansson, creative advisor at H&M. Kenzo, […]
The outlook for the US retail industry has been changed to stable from positive, Moody’s Investors Service says. The rating agency has revised its 2016 forecast for US retail sales downward, and accordingly also its expectations for retail operating income growth. A modest improvement in sales and operating income is expected next year. Moody’s industry […]
After independence this is the biggest tax reform! The Goods And Service Tax Regime, completely renovates the economic design of modern India with respect to matters of taxation as it would merge both the indirect taxes i.e. the central excise and the service tax imposed by Centre and VAT, local taxes collected by states. Perhaps GST will completely […]
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