Following the retirement of Joseph R. Gromek, the American footwear manufacturer announced the appointment of apparel and footwear industry vet David W. McCreight to its board of directors on Wednesday.
German payments firm Wirecard is considering buying back shares following its partnership with Japan's Softbank Group which it said on Wednesday had already created leads for potential cooperation in digital payments.
The consumer brands group announced a significant expansion in its first-quarter net loss as impairment charges related to the sale of its Martha Stewart and Emeril Lagasse brands decimated declining revenues.
Select is likely to enter administration this Thursday and propose another company voluntary agreement in a bid to save the business from collapse. 2,000 jobs are at risk and store closures could be on the cards.
The outerwear brand has announced the promotion of Ana Mihaljevic to chief commercial officer, a role in which she replaces Rick Wood, who will now serve as executive advisor on key strategic projects.
It was another sluggish week for John Lewis Partnership in the seven days to May 4 as overall sales fell 2.5% to £214.66 million. And the John Lewis department stores chain didn’t do any better with a drop of 2.6%.
Kasper Rorsted, CEO of the German group, speaking at the press conference for the publication of the group’s Q1 2019 results, gave further indications about Adidas’s new collaboration with pop star Beyoncé.
Maison Lejaby could be about to change owner. Stéphane Collaert and Thierry Le Guénic, owners of Chevignon, have teamed up with Isalys and private equity firm SIG to buy a 100% stake in the label from Impala.