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Business

Ascena to sell premium and plus brands for $540 million

Ascena to sell premium and plus brands for $540 million

As it seeks to exit bankruptcy, the Mahwah, New Jersey-based fashion retail group has announced plans to sell its Ann Taylor, Loft, Lane Bryant and Lou & Grey brands to an affiliate of Sycamore Partners.
Fashion
Business
Sycamore unit to acquire Ann Taylor, Loft, others for $540 million

Sycamore unit to acquire Ann Taylor, Loft, others for $540 million

Ascena Retail Group, which owns clothing brands such as Ann Taylor and Loft, said on Thursday it will be acquired by Premium Apparel LLC for $540 million on a cash-free and debt-free basis.
Fashion
Business

New look Mothercare looks to profitable future after torrid year

​With Mothercare’s radical transformation into an international franchise operation now complete, the retailer is hoping the toughest of years (and some ugly trading figures) are now firmly in the past.
Fashion
Business

Moss Bros to launch CVA as it seeks to cut rent costs

Crisis-hit Moss Bros has launched a CVA proposal as it works towards restructuring its fixed cost base on the back of the Covid crisis and a second wave of lockdowns that have “severely impacted” its trading.
Fashion
Business

Design

Kim Jones' next artistic link-up for Dior will be with Kenny Scharf

Kim Jones' next artistic link-up for Dior will be with Kenny Scharf

Christian Dior’s menswear creative director Kim Jones, an inveterate fan of collaborations with fine artists, has a new design teammate for his next Dior collection, legendary New York street artist Kenny Scharf.
Luxury
Design
Louis Vuitton ups support for RED with new sneaker

Louis Vuitton ups support for RED with new sneaker

Louis Vuitton has strengthened the RED collab’ club with a new red sneaker. Vuitton previously supported RED, the global organization founded by Bono and Bobby Shriver in 2006 to fight AIDS, with a special candle. 
Luxury
Design

GucciFest 2020: Winners and losers

Where were Ben Hecht or Federico Fellini just when you needed them? Gucci’s online TV series whose finale episode premiered on Sunday night didn't set the cinematic world on fire, but its GucciFest sure impressed.
Luxury
Catwalks

Tom Ford launches watch made from 100% ocean plastic, partners with 52HZ for The Tom Ford Plastic Innovation Prize

The timepiece, made from 100% ocean plastic, launches alongside The Tom Ford Plastic Innovation Prize, a prize that aims to fight against ocean plastic pollution, offering an award total of $1 million.
Luxury
Design

Appointments

Current global president of Napapijri to become Calida Group CEO

Current global president of Napapijri to become Calida Group CEO

Timo Schmidt-Eisenhart, who has served at VF Corp brand's including The North Face, Timberland and Napapijri, will take over as leader of Switzerland's Calida Group in early 2021, succeeding Reiner Pichler. 
Fashion
Appointments
​Boots appoints Markey to head new marketing initiatives

​Boots appoints Markey to head new marketing initiatives

Health and beauty retailer Boots has appointed Pete Markey chief marketing officer for its UK and Ireland operations, effective February. He replaces Helen Normoyle, who has left the retailer.
Beauty
Appointments

Hammerson names Grégoire Peureux to new COO role

Retail property giant Hammerson has created a new senior role with Grégoire Peureux joining it as Chief Operating Officer. He will “focus on the delivery of strategic initiatives at a group level”.
Fashion
Retail

Net-A-Porter MD Brandolese exits after streamlining

​Net-A-Porter’s managing director Nicola Brandolese has left his role at the Richemont-owned luxury e-tailer after little over a year at the helm.
Luxury
Appointments

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