KappAhl's CEO has quit by mutual agreement with the company saying it's all about opposing strategic visions. And while it said the move isn't based on poor results, it's undeniable that the company has underperformed.
Google will invest $550 million in Chinese e-commerce powerhouse JD.com, part of the U.S. internet giant’s efforts to expand its presence in fast-growing Asian markets and battle rivals including Amazon.com.
London-listed Koovs has been facing cash flow issues in recent periods and has been focused on preserving cash, but on Monday it said it has struck a deal worth £24 million as part of its financing drive.
The New York-based company announced on Friday that Executive Chairman Peter Cuneo will be taking over as interim CEO following the exit of John Haugh, who has stepped down from his roles as president and CEO.
The pioneer of fast fashion isn't looking so fast anymore. Inditex , the world's largest clothing retailer and owner of the Zara chain, faces growing competition from younger, online-only players like Boohoo.