Kering Acquires 30% Stake in Valentino for €1.7bn
Luxury fashion house Kering has agreed to acquire a 30% stake in Valentino for €1.7 billion, with the option...
Monthly Archives: July 2023
Frasers Group Considers Closing Larger House of Fraser Stores Amid Profit Increase
In a recent report by The Guardian, Frasers could potentially close larger House of Fraser stores in the future...
UK High Street Loses Over 6,000 Storefronts in Five Years
UK High Streets lose over 6,000 stores in five years as vacancy rate hits 13.9%: The British Retail Consortium-Local...
Gap Inc. Welcomes New CEO Richard Dickson
In a major shakeup at Gap Inc., Richard Dickson has been appointed president and CEO, effective August 22nd. Dickson...
B&M Retains Group Trading Director Bobby Arora for Three Years, Maximum Bonus Payout of £16m
In a recent announcement, B&M has secured a deal with group trading director Bobby Arora, ensuring his commitment to...
Superdry Names New COO as Part of Turnaround Strategy
In a recent announcement, Superdry has appointed Shaun Packe as its new chief operating officer, following Silvana Bonello's departure...
Authentic Brands Acquires Rockport, Expanding Global Footwear Portfolio
In a major acquisition, Authentic Brands Group has taken over footwear brand Rockport after receiving approval from the US...
Ocado Solutions CEO Luke Jensen to Retire, John Martin Takes Over and Rachel Osborne Becomes Audit Chair
Today, Ocado Group CEO Luke Jensen announced his retirement as executive director and CEO of Ocado Solutions, effective September...
Amazon Proposes Changes to Marketplace Rules Amid CMA Concerns
Amazon proposes changes to its UK Marketplace platform, addressing competition concerns raised by the Competition and Markets Authority (CMA)....
Unibail-Rodamco-Westfield Reports 8.2% H1 Rental Income Growth
Unibail-Rodamco-Westfield reports a significant increase in net rental income of €1,152m (£987m) during H1 2023, with shopping centers contributing...