In her first results announcement since taking over as CEO, The White Company chief executive Mary Homer reported sales growth and an operating profit rise at the UK-based company, although profit was only up by 2%.
Sir Philip Green has named Burberry's ex-chief merchandising officer Paul Price as CEO at the Topshop/Topman business with a remit to grow globally and expand its digital footprint. But will it also move upmarket?
Sales and profit at Arcadia fell last year according to press reports, with the retail giant seeing the same squeeze as many peers. Reports also suggest it is seeking a new strategy to battle pureplay e-tailers.
Topshop is to lose its long-serving MD with Mary Homer set to leave to run fast-expanding lifestyle chain The White Company as it prepares to enter the US. Topshop is now seeking a star MD from outside the organisation.
Upscale UK lifestyle brand The White Company will open its first physical store in the U.S. in June with the opening of an international flagship at 155 Fifth Avenue, in the Flatiron area of New York City.