Articles by Rachel Douglass
VF Corporation opens regional office in Tokyo alongside design collective
30 Jan 2023 - Business
Fashion conglomerate VF Corporation has launched the new Tokyo Design Collective (TDC) alongside the opening of a regional office in the Japanese city’s Harajuku district. The office will be the new home of VF brands Dickies, Timberland and Vans in the region, as well as the TDC team. The mission of TDC is to merge Japanese product design and...
Asos takes to Secret Sales in bid to right-size stock portfolio
30 Jan 2023 - Business
Fashion e-tailer Asos has unveiled a new partnership with non-full-price marketplace Secret Sales, through which customers can shop products from the brand. Secret Sales shoppers will be able to access an initial selection of up to 1,000 products from Asos-owned brands, including Asos Design, Reclaimed Vintage, Topshop and Miss Selfridges, all...
Frasers Group reportedly looking to launch BNPL scheme
30 Jan 2023 - Business
Fashion conglomerate Frasers Group has reportedly set its sights on adding a new financial service to its already expansive portfolio. Under its new boss Michael Murray, the group is said to be preparing to launch its own Buy Now, Pay Later (BNPL) scheme, which could allow buyers to borrow up to 2,000 pounds. According to The Telegraph, the...
JD Sports facing cyber attack, confirms customer data may have leaked
30 Jan 2023 - Business
Retail giant JD Sports has confirmed it has been the target of a cyber attack which has resulted in the unauthorised access to a system containing customer data. The group noted that the information accessed related to online orders placed between November 2017 and October 2020, however added that the affected data was limited. The incident has...
Community space takes over former Debenhams store in London
30 Jan 2023 - Retail
An abandoned Debenhams building in London has finally been transformed into a multipurpose creative space nearly two years after the fashion retailer closed its doors. Set in the top floor of Hounslow’s Treaty Centre, ‘The Loft’ will act as an incubator, allowing businesses to gain their first high street retail experience in what will aim to be...
Yves Saint Laurent files series of metaverse trademarks
30 Jan 2023 - Business
Yves Saint Laurent has filed for a number of trademark applications hinting that the French luxury brand could be next in line to join the metaverse. According to the trademark applications, YSL is setting out to cover its name and logo within the realm of non-fungible token (NFT) and metaverse. The applications mainly centre around beauty and...
Frasers Group ups stake in N Brown, becomes second-largest shareholder
30 Jan 2023 - Business
Mike Ashley’s Frasers Group has once again upped its stake in online retailer N Brown, making it the group’s second-largest shareholder. The fashion giant, which owns the likes of Sports Direct, Missguided and House of Fraser, increased its stake to 17.88 percent, according to the company’s regulatory filing. Frasers initially increased its...
Vestiaire Collective partners with Courrèges on resale rewards scheme
30 Jan 2023 - Fashion
Resale platform Vestiaire Collective has unveiled a new partnership with Courrèges which will see resellers be rewarded for prolonging the life of the luxury brand’s clothing. Through the partnership, Vestiaire Collective hopes to uncover the best pre-loved items from all eras of the French house, while also promoting more responsible fashion....
Events business Hyve Group selects new non-exec director
30 Jan 2023 - Business
Hyve Group, the business behind events companies Shoptalk and Spring Fair, has announced the appointment of Julie Harris as non-executive director of its board of directors, effective February 2. Harris currently serves as CEO of Comparison Technologies, a position she has held since November 2019, and boasts over 25 years of experience working...
Unilever names Hein Schumacher CEO after lengthy search process
30 Jan 2023 - Business
Consumer goods conglomerate Unilever has announced the appointment of Hein Schumacher as its new chief executive officer months after Alan Jope stated his intention to retire. Schumacher currently serves as CEO of dairy and nutrition business Royal FrieslandCampina and became a non-executive director of Unilever in October, 2022. He has been...