Luxury fashion executive joins leading bookseller
- Waterstones hires Karen Ashworth as new CFO
- Ashworth previously worked at Farfetch
- Farfetch underwent layoffs after being acquired by Coupang
- Luxury fashion group made cuts in product design team and retail technology
- Member prices are becoming a must-have for loyalty schemes
Waterstones has announced the appointment of Karen Ashworth, a former finance executive at Farfetch, as its new chief financial officer. Ashworth joined Waterstones earlier this week, following her tenure at Farfetch where she held various finance roles, including vice president of financial control. This news comes after reports of layoffs at Farfetch, which occurred after the company was acquired by South Korean ecommerce giant Coupang. The luxury fashion group made cuts in its product design team and retail technology as part of efforts to streamline the business. In other news, member prices have become increasingly important for loyalty schemes in the retail industry.
Factuality Level: 7
Factuality Justification: The article provides factual information about the appointment of Karen Ashworth as the new chief financial officer of Waterstones and her previous roles at Farfetch. It also mentions the layoffs at Farfetch after its acquisition by Coupang. However, the article contains some unnecessary details and digressions that are not directly related to the main topic.
Noise Level: 3
Noise Justification: The article provides relevant information about the appointment of Karen Ashworth as the new CFO of Waterstones and her background. It also briefly mentions her previous role at Farfetch and the recent layoffs at the company. However, the article contains some irrelevant information about loyalty schemes and does not delve deep into the implications of the changes at Farfetch. Overall, the article stays on topic and provides some valuable insights, but there is some noise present.
Financial Relevance: Yes
Financial Markets Impacted: Waterstones, Farfetch
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article pertains to financial topics as it discusses the appointment of a new CFO at Waterstones and the layoffs at Farfetch. However, there is no mention of an extreme event.
www.retailgazette.co.uk