Massmart has appointed Walmart Japan former interim president and chief executive officer Mitchell Slape as its new CEO, succeeding Guy Hayward who resigned in May, the South African retailer said on Thursday.
Brazilian cosmetics firm Natura expects to boost revenues by investing in brand and digital capabilities after sealing a deal to merge with Avon Products and control 76% of the new company, executives said on Thursday.
Steinhoff will face a class action before a German regional court, dragging shares in the South African furniture retailer down by as much as 10 percent on Thursday, as the fallout from its accounting scandal continues.
South African retailer The Foschini Group (TFG) is investing $35 million in technology to adapt to the changing landscape of apparel retail, where online shopping has put a pressure on brick and mortar.
Bergdorf Goodman has partnered with Hong Kong-based designer Marie France Van Damme for a pop-up shop inside Bergdorf Goodman’s New York City location at 754 5th Avenue, set to run from May 27 through June 30.
The fashion and footwear group announced on Thursday that it made over $2 billion in annual revenues for the first time in fiscal 2019, with particularly strong growth seen at its Hoka One One running shoe brand.
The future site in Piedmont will become the European hub for the group's operations, the Swiss subsidiary having been at the core of the tax evasion case that resulted in a record fine for the French luxury group.
Inditex executive chairman Pablo Isla has nominated Carlos Crespo for the role of CEO of the group. The appointment will be effective in July further to the approval of the board at the annual general meeting.
The Charlotte, North Carolina-based womenswear retailer reported a reduced net income of $21.3 million for the first quarter of 2019 on Thursday, with declines registered in both net and same-store sales.