Year: 2019

Marco Agnolin departs Diesel CEO role

Marco Agnolin has announced he has stepped down as CEO of Diesel after just over a year in the role. Agnolin will officially leave the role on 27 March, however he will continue to serve on the company’s board. The CEO joined Diesel in January 2018 after leaving Inditex’s Bershka…

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Mahabis appoints Iain Martin as its new CEO

Mahabis, the upmarket footwear retailer, has appointed former Moonpig MD Iain Martin as its new chief executive, taking over from interim chief executive, James Cox. During his nine-year leadership at Moonpig, which he joined in 2006, Martin grew revenue from £1.8m to over £60m and took EBITDA growth from £0.3m…

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Bonmarche issues another profit warning

Clothing retailer Bonmarche has warned on its profits after it saw “significantly weaker” trading since the beginning of March. The retailer said its performance reversed sales gained in previous months and said if this continued for the rest of the month, it expected its underlying profit before tax to record…

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Links of London on ‘verge of collapse’

British jewellery brand Links of London is on the verge of collapse, according to reports. The Times said the jeweller, which has around 350 stores, is now working with Deloitte, and has looked into a company voluntary arrangement (CVA) to cut rents and close stores, putting 500 jobs at risk.…

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M&S to add full range of food products to more standard stores

Marks and Spencer has announced it is planning to add its full range of food products to its standard stores as it targets the family shopping trip. Currently only 12 of the retailer’s stores offer all 6,500 items in its food range, with the retailer’s Simply Food convenience stores deemed…

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How retailers can keep up with the pace of change

Has the future of retail ever looked so bleak? From crumbling giants like HMV and Hammerson to headline-grabbing losses at Laura Ashley and Paperchase, it’s fair to wonder what the future holds for the high street. Factors like cold weather and inflation haven’t helped the recent slump, but it’s the…

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Moss Bros appoints Joules CEO as new director

Men’s fashion retailer Moss Bros has appointed Colin Porter as its new non-executive director, effective 18 March 2019. According to the retailer, Porter will become chairman of the company following its AGM in May 2019, when, as part of the board’s succession planning, the current chairman, Debbie Hewitt, will retire…

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Zalando discontinues private label business

Zalando, the online platform for fashion and lifestyle, has announced it will discontinue its private label business zLabels as it aims to unite all of its private labels and partner brand assortments under one roof. ZLabels will be discontinued as of April 1, 2019 and starting spring/summer 2020, Zalando said…

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JD Sports to buy Footasylum for £90.1m

JD Sports has revealed it has made an offer to buy its remaining shares in struggling rival retailer Footasylum in a £90.1m takeover. JD Sports said it had “reached [an] agreement on the terms of a recommended cash offer” which will be financed from JD’s existing cash resources and facilities.…

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Jobs and stores could go as Green considers Arcadia restructure

Sir Philip Green is preparing to unveil a company voluntary agreement (CVA) for Arcadia in a matter of weeks, Sky News has reported. The proposal could result in a number of job losses and store closures across its high street brands which include Topshop, Miss Selfridge, Dorothy Perkins and Warehouse.…

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