Latest Articles in Report

Justo Gallardo joins the management team of Baldessarini

Ahlers AG has announced the appointment of Justo Gallardo as the new member of the management team at Baldessarini. The company said that Gallardo, who replaces Eris Sperber, takes over the management of sales, product and marketing with immediate effect. "With this step, we want to focus on the collections of Baldessarini and increase the...

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Li & Fung names Darren Palfrey as Chief Digital Officer

Li & Fung has appointed Darren Palfrey as the company’s Chief Digital Officer (CDO). The company said in a statement that as CDO, Palfrey’s primary focus will be to realize Li & Fung’s vision of the supply chain of the future and build the LF Digital Platform – a fully-integrated digital platform that connects suppliers, customers and other...

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Air and Grace posts sales increase

Online footwear retailer Air and Grace, which has adopted a “slow fashion” approach to retail, which included never discounting its product, has reported that revenues have increased by 100 percent in the last 12 months, while its profits have soared by 800 percent. Founded by former footwear buyer Claire Burrows in 2014, she states that the...

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House of Fraser sales drop 60 percent in run up to Christmas

Struggling UK retailer House of Fraser has suffered a difficult Christmas trading period, with sales dropping year-on-year in the 12 weeks up to December 18, according to Kantar Worldpanel figures reported by the Telegraph. In August, Sports Direct owner Mike Ashley bought House of Fraser for 90 million pounds when the company went into...

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TFG London posts strong Christmas sales

TFG London has reported strong growth in sales through the Christmas trading period. This, the company said, represents a continuation of the positive momentum of the first 9 months of the year in which TFG London sales increased by 42 percent to 318.8 million pounds, with comparable sales growth of 3.5 percent. Over the month of December, the...

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Start-Rite Shoes CEO steps down

Start-Rite Shoes Ltd has announced that its CEO, Ian Watson, is leaving the company, effective from 31st January. Watson, who joined the British children's footwear brand in 2016, was the first non-family member to run the company, and led a fundamental overhaul of the business. Commenting on the announcement in a statement, Watson said: “It’s...

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Slipper brand Mahabis saved from administration by YYX Capital

London-based slipper brand Mahabis has been saved from administration by YYX Capital, the investment group co-headed by Simba Sleep founder James Cox. The acquisition, agreed with administrators KRE Corporate Recovery, has safeguarded the jobs of all Mahabis' staff. James Cox will take over as interim CEO, and YYX Capital will lend its expertise...

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Cath Kidston reports annual loss of 10.5 million pounds

For the year to March 25, 2018, Cath Kidston has reported EBITDA loss of 10.5 million pounds (13.5 million dollars), while operating loss for the period amounted to 19.6 million pounds (25.3 million dollars). The company, in its accounts filed with the Companies House UK, attributed the rise in losses to “adverse impact of decline of sterling...

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Ann Summers swings to loss despite rise in revenues

For the year to June 30, 2018, Ann Summers, retailer and wholesales of lingerie, apparel, adult toys and related products, reported revenue increase to 110 million pounds compared to 109 million pounds last year. However, it said in the filing with the Companies House UK that loss for the year was 3.1 million pounds compared to profit of 2.5...

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Puma elevates Arne Freundt to Regional GM Europe and EEMEA

Sports company Puma has announced the appointment of Arne Freundt as Regional General Manager Europe and EEMEA with immediate effect. In this position, the company said in a statement, Freundt, currently Puma's global director retail & ecommerce, will continue to directly report to the company’s CEO Bjørn Gulden. As Regional General Manager...

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John Lewis operations officer Dino Rocos to retire

John Lewis & Partners has announced that its partner and operations director, Dino Rocos, is to retire at the end of May 2019 after 43 years in the business. From the end of January until then he will report to group finance director for the John Lewis partnership, Patrick Lewis, and will be leading the company’s ongoing work on its future...

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Revenues and profit surge at Lovehoney

Pre-tax profits at Lovehoney, the sexual wellbeing and online lingerie retailer, increased by 22 percent to 11 million pounds (14 million dollars) during the financial year 2017/18, which the company said, were driven by strong sales globally as the firm invested in international distribution and customer service. Sales increased 22 percent to...