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Shaftesbury Capital Introduces LABRUM Pop-Up Store in Soho

365 Retail

Shaftesbury Capital has unveiled plans for a new pop-up store in Soho for LABRUM, the British African menswear brand that gained attention at London Fashion Week in February. The brand, known for its modern approach to fashion retailing, seeks to meld Western society with West African culture.

Fashion 105
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ASOS Gets Second Interim CFO as Leadership Reorg Continues

Retail TouchPoints

British online fashion and beauty retailer ASOS has appointed its second interim CFO in four months as current interim CFO Katy Mecklenburgh plans to leave in May 2023 for another role. Sean Glithero has been named as the company’s new interim CFO until a permanent CFO is appointed.

Fashion 297
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ThredUP Forges Ahead with its War on Fast Fashion Amid Cost-Cutting Initiatives

Retail TouchPoints

Resale platform ThredUP has debuted a new, light-hearted marketing ploy in its ongoing battle against “fast fashion addiction,” mere days after announcing it was joining the ranks of tech companies cutting staff amid an economic slowdown. A Fast Fashion Confessional to Help Gen Z. Strong Q2 Masks Impending Slowdown.

Fashion 260
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American Eagle to Expand Presence in India with 50 New Stores

Retail TouchPoints

American Eagle ’s licensee in India, Aditya Birla Fashion and Retail Limited (ABFRL), has announced plans to open 50 additional stores across the country over the next three years. The news was announced in conjunction with the brand’s latest store opening in Jaipur, Rajasthan.

Fashion 277
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Luxury Brands Including Kering, Neiman Marcus Flee Farfetch in Wake of Sale to Coupang

Retail TouchPoints

Kering hasn’t made a formal announcement of its decision, but Jean-Marc Duplaix, the luxury giant’s Deputy CEO in charge of operations and finance, announced the news during the company’s recent earnings call, and Duplaix said in comments to WWD that Farfetch “is not a strategic partner for us.”

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Capri Holdings Chairman/CEO Stays On, Michael Kors CEO to Depart

Retail TouchPoints

Global fashion luxury group Capri Holdings changed course this week as it announced the departure of Michael Kors CEO Joshua Schulman. The news of Schulman leaving Capri, which also owns Versace and Jimmy Choo , was accompanied by an announcement that Capri Chairman and CEO John D. Idol would remain at the helm.

Fashion 249
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Saks CMO on How Luxury Marketing is About Making it Both ‘Aspirational and Really Easy’

Retail TouchPoints

Many shoppers are cutting back their spending under the weight of more than a year of inflation, but there’s still good news for the luxury industry — 62% of its shoppers plan to spend the same or more on luxury in the next three months compared to the last three months , according to Saks Fifth Avenue ’s Saks Luxury Pulse survey.

Travel 245