Articles by Rachel Douglass
Birkenstock officially launches IPO on NYSE
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Footwear specialist Birkenstock has announced the launch of its initial public offering (IPO), with over 32 million ordinary shares to be made available via the New York Stock Exchange. Under the ticker symbol ‘Birk’, the company said its IPO price is currently expected to be between 44 dollars and 49 dollars per ordinary share. While...
Labour Behind the Label stages rally for Leicester garment workers
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UK non-profit Labour Behind the Label was behind a rally that took place over the weekend in support of garment workers in the Leicester manufacturing industry. With further support from trade unions and workers’ rights organisations, the protest, which took place in Spinney Hill Park, was in regards to job losses and factory closures in the...
Stella McCartney hosts Sustainable Market alongside SS24 PFW show
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For her latest spring/summer 2024 runway show, Stella McCartney complemented the event with a street market that showcased some of the British fashion designer’s sustainable and materials innovation partners. The occasion came as part of Paris Fashion Week, during which McCartney held her runway show at the Marché Saxe-Breteuil where the...
John Lewis head Sharon White to step down within a year
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Sharon White, the chairman of British department store group John Lewis Partnership, has announced her intention to step down from the helm position, asking the board to initiate a process to appoint her successor. It comes as White begins to enter the final stages of her five-year term at the company, having initially stepped into the role in...
Sports Direct faces 5.4 million pound fine from JPMorgan
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Sportswear retail chain Sports Direct could be faced with a 5.4 million pound bill after asset management firm JPMorgan filed court documents regarding the refurbishment of its former Wigan unit. According to JPMorgan, the retailer owes the money after it left the site in a state of disrepair once it vacated the property in 2019, breaking...
Finland’s Stockmann mulls name change, begins strategic review
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Finnish retail giant Stockmann has said its board of directors are to begin a strategic assessment in a bid to bolster value for shareholders, with plans to specifically revolve around a refocusing on the group’s lingerie business, Lindex. As part of the review, the company said it was mulling a name change to Lindex Group, reflecting the...
Wandler strikes partnership with Bluebell Group for Japanese market
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Accessories and leather goods label Wandler has established a new partnership with Bluebell Group as it looks to secure a presence in the Japanese market. The Dutch brand, which said the collaboration was “significant for both parties”, will gain access to Bluebell’s market expertise in the region from November. Through the agreement, the luxury...
Vestiaire Collective names new head of global communications
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Luxury resale platform Vestiaire Collective has announced the appointment of Lauren Picciano as its new head of communications, a role she will assume from the company’s New York office. Reporting to global chief marketing officer, Marie-Christin Oebel, Picciano has been tasked with overseeing the global team strategising brand communications...
The RealReal’s CFO to step down
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Luxury resale platform The RealReal has announced that its chief financial officer, Robert Julian, will be stepping down from the role from either January 31, 2024, or when his successor assumes the position. If a new CFO is named ahead of January 31, Julian will continue to serve in an executive advisory position to the company through to that...
Guess co-founder Maurice Marciano to retire from board
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The co-founder of premium brand Guess, Maurice Marciano, has announced his retirement from the company’s board of directors, effective immediately. Marciano established Guess in 1981 alongside his brothers, Paul, Georges and Armand, and had previously served as chairman and chief executive officer of the company over the duration of his career....