Matchesfashion has poached Amazon executive Ajay Kavan to be its new CEO, replacing Ulric Jerome. He has been a vice-president at Amazon for the past nine years, and will join the luxury fashion retailer on 19 March.
Shop Direct, Next and Varner and non-governmental NGO Save said the first phase of a project to improve employment conditions for young women in South India’s fabric mills has engaged almost 9,500 people.
One of the biggest jobs in UK fashion has gone to… a top executive from the gambling sector. Shop Direct has named Henry Birch to run the group. He's currently CEO of Rank Group and won't join Shop Direct immediately.
One of the UK’s highest profile high street fashion names is believed to be seeking a new minority investor or possibly even a new owner with Jigsaw as the UK fashion retail sector faces ongoing weak sales.
First it was Shop Direct calling off its mega-billions sale and now Kaupthing is believed to have ended the bidding process for its trio of key (but far less valuable) UK fashion brands, Oasis, Coast and Warehouse.
Shop Direct’s CEO will leave the online retailer next year, the company said Friday. The exec, who has run Britain’s second-biggest pureplay e-tailer since 2012, said it’s time for him to “move on to the next challenge.”
It may not come as a huge surprise but reclusive billionaires David and Frederick Barclay have put their plans to sell the giant Shop Direct e-tail business on hold as analysts said the £3 billion price tag was too high.
Apax Partners seems to be the frontrunner to buy fashion and GM e-tail giant Shop Direct, yet it’s still not a one-horse race with US private equity firm Hellman and Friedman also reported to have entered the fray.