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Qurate Retail Names Finance Veteran as Permanent CFO

Retail TouchPoints

Qurate Retail Group , parent company of brands including QVC, HSN and Zulily , has hired Bill Wafford as its new CFO, effective March 20, 2023. His experience also includes serving as Partner at KPMG and holding finance roles at Walgreens Boots Alliance, Target and Archstone Consulting. Hathaway will become CFO of QVC U.S.,

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Kohl’s, Franchise Group Enter Exclusive Negotiation Period at $8 Billion Purchase Price

Retail TouchPoints

Kohl’s has entered into exclusive acquisition negotiations with Franchise Group for a three-week period. Franchise Group has offered to acquire the retailer for $60 per share , which would value the company at approximately $8 billion. The $60 per share price tag is still a significant premium over the retailer’s $45.80

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The Very Group appoints Lionel Desclée as group CEO

365 Retail

The Very Group, operator of multicategory digital retailers Very and Littlewoods, has appointed former president and CEO of Walmart Japan Lionel Desclée as group CEO. Current group CEO Henry Birch will step down on 24 September 2022 after four and a half years in the role. The Very Group appoints Lionel Desclée as group CEO.

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Macy’s Adds 2 Arkhouse Directors to Board in Deal to End Proxy Fight

Retail TouchPoints

Arkhouse has withdrawn its other director nominations as part of the deal, and Clark and Markee will join the board’s finance committee, which will evaluate the acquisition proposal from Arkhouse and Brigade Capital Management that began in December 2023 with a $5.8 Markee, as independent members of its board of directors. billion buyout bid.

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ASOS Gets Second Interim CFO as Leadership Reorg Continues

Retail TouchPoints

Glithero has led large finance functions at businesses including Auto Trader Group , Funding Circle Holdings and, most recently, as CFO of fellow British fashion retailer MatchesFashion. Mecklenburgh, who previously served as Director of Group Finance, took over the CFO position on an interim base at the time of Dunn’s departure.

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Mall Operator PREIT Exits Bankruptcy, Goes Private and Replaces CEO

Retail TouchPoints

PREIT Realty has emerged from bankruptcy in an expedited process, reducing its total debt by approximately $835 million , extending its maturity runway and receiving commitments of about $130 million in new debtor-in-possession financing and exit revolver financing from a diverse group of investors.

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

Retail TouchPoints

A group of Farfetch shareholders, calling themselves the 2027 Ad Hoc Group, were vehemently opposed to the Coupang deal and put forth a last-ditch effort to scuttle the sale in late January, but their efforts were in vain. Now NMG has announced that none of that will be happening.