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Business

Pep&Co chooses Poland for multi-billion euro IPO

Pep&Co chooses Poland for multi-billion euro IPO

The owner of the Pep&Co fashion brand has snubbed the London Stock Exchange and chosen to list its shares in Poland instead. The company is thought to be worth around €5 billion. 
Fashion
Business
Hammerson cuts store rents by 30% as it continues retailer support

Hammerson cuts store rents by 30% as it continues retailer support

Hammerson is to slash rents for its retail tenants by around 30% as UK stores reopen post-Lockdown 3. UK & Ireland MD Mark Bourgeois said that “typically, we're resetting our rents to more affordable levels”.
Fashion
Retail

Studio Retail sales soar, ends sale process

​Studio Retail is no longer for sale. The company has received plenty of interest in the business, but said its recent strong trading suggests that it can create greater value for shareholders as a pureplay retailer.
Fashion
Business

China's Ant explores ways for Jack Ma to exit as Beijing piles pressure

Ant Group is eyeing options for Jack Ma to divest his stake in the firm and give up control, as meetings with Chinese regulators signaled that the move could help draw a line under Beijing's scrutiny of its business.
Fashion
Business

Design

Balenciaga winter 2021 pre-collection: Yearning for global travel

Balenciaga winter 2021 pre-collection: Yearning for global travel

With European populations slowly but surely being vaccinated, designers on the Continent are suddenly expressing a new optimism. Few more so than Demna Gvasalia of Balenciaga in Balenciaga's winter 2021 pre-collection.
Fashion
Design
CFDA launches network connecting regional fashion organizations

CFDA launches network connecting regional fashion organizations

The Council of Fashion Designers of America has announced the launch of CFDA Connects, a programming network aiming to support regional fashion weeks and organizations across the United States.
Fashion
Design

County of Milan launches collab SSC Napoli with Kappa

Marcelo Burlon’s County of Milan brand is launching a collab collection with Kappa that reinterprets the sporting uniform of SSC Napoli, the football team of Naples.
Fashion
Design

Michele fetes Gucci’s century with fetish cosmography collection and Balenciaga linkup

Gucci celebrates its 100th anniversary this year; and designer Alessandro Michele has observed the birthday by creating his best ever collection for the house, and a link up with Balenciaga.
Luxury
Design

Appointments

Hugo Boss names Sullivan to key marketing role

Hugo Boss names Sullivan to key marketing role

​Hugo Boss has named a new marketing and comms chief with the appointment of Miah Sullivan. She joins on May 1 after having previously worked at Luxottica, Furla and St John Knits. 
Fashion
Appointments
Coach makes Todd Kahn permanent CEO

Coach makes Todd Kahn permanent CEO

Having served as interim CEO and brand president of the New York-based designer accessories brand since July 2020, Kahn has now had his position at the head of the label made permanent.
Luxury
Appointments

Glossier appoints former L’Oréal executive Kleo Mack as brand vice president

US beauty brand Glossier, launched as an online business in 2014, has recently appointed former L’Oréal executive Kleo Mack to the newly created post of vice president of brand.
Beauty
Appointments

Kohl's settles with activist group, adds three new directors

Department store chain Kohl’s Corp said on Wednesday it has reached a deal with a group of activist investors to avoid a proxy fight, agreeing to add two of the group’s nominees to its board as independent directors.
Fashion
Appointments

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