Articles by Rachel Douglass
SMCP names Elina Kousourna CEO of Maje
23 Mar 2023 - Business
Maje has welcomed Elina Kousourna as its new chief executive officer, its parent company SMCP group has announced. She will take on the position from April 17. Koursourna has been a part of the SMCP group since 2015, first joining the luxury conglomerate as a business and retail performance manager before moving on to become strategy and...
Item of the week: the retro men's cardigan
22 Mar 2023 - Fashion
What it is: The AW23 season saw cardigans move beyond women’s wardrobes, to now be a staple item in men’s collections, offering the group a casual layer addition. This can be linked back to the item’s origins, as a piece worn by men during the Crimean War in the 1800's. Its name even descends from a British Army general, James Brudenell. The...
Rakuten Fashion Week Tokyo returns with an emphasis on local brands and craftsmanship
21 Mar 2023 - Fashion
Since Japan began easing its Covid restrictions a year ago, the country has been in a continued state of recovery, attempting to breathe new life into its internal fashion industry. This was the central task of the AW23 edition of Rakuten Fashion Week Tokyo (FWT), which returned to almost full capacity for the first time since the pandemic hit....
L’Oréal becomes founding investor in sustainable material developer, Geno
21 Mar 2023 - Business
Beauty giant L’Oréal has become the final founding investor in Genomatica (Geno), a manufacturer of sustainable materials, joining the likes of Unilever and Kao Corporation in backing the venture. L’Oréal’s presence will bring the group’s collective member revenue to over 100 billion dollars as it also accesses a wide range of products for...
Dior names Olivier Bialobos deputy managing director
21 Mar 2023 - Business
Luxury fashion house Dior has announced that its communications executive Olivier Bialobos has been promoted to the newly created role of deputy managing director in charge of global communication and image. Bialobos will report to Delphine Arnault, who moved from Louis Vuitton in February to take over as chairman and CEO at Christian Dior...
Rue21 names new chief executive officer
21 Mar 2023 - Business
American retailer Rue21 has announced the appointment of Josh Burris as its new chief executive officer and member of the board. Burris will succeed Bill Brand, who revealed his intention to step down from the position earlier this month. In a release, Burris said on this appointment: “I’m honoured to be joining Rue21 as CEO. “As a brand, Rue21...
Jeremy Scott to exit Moschino
20 Mar 2023 - People
Luxury Italian brand Moschino has announced that Jeremy Scott will be departing from his role as creative director. Scott initially joined the Aeffe-owned house in 2013, with his debut coinciding with the brand’s autumn/winter 2024 collection. Since then, the brand has become the centre of theatrics during fashion weeks, launching debates...
Kering outlines new 40 percent GHG reduction target
20 Mar 2023 - Business
Kering, a luxury fashion conglomerate, has outlined a new commitment to reduce its greenhouse gas emissions (GHG) by 40 percent by 2035. The group said the new target came as a next step in accelerating its sustainability strategy, which it is looking to implement throughout its portfolio of brands. Linked to a 2021 baseline, it builds on the...
Bed Bath & Beyond seeks to reverse stock split plan
20 Mar 2023 - Business
Bed Bath & Beyond has announced that it is looking to approve a reverse stock split, a move that sent its shares plummeting by 13 percent. The company said it is planning to hold a special meeting of shareholders on March 27 in an attempt to achieve the approval, seeking to split at a ratio in the range of 1-for-5 to 1-for-10, with the ratio to...
Marks & Spencer plans to grow high street brand offer to compete with rivals
20 Mar 2023 - Business
Marks & Spencer is reportedly looking into expanding its ‘Brands at M&S’ e-commerce concept as it looks to take on its department store rivals Next and John Lewis. According to The Telegraph, the retail chain is planning to sell more high street brands alongside its own clothes, with the media outlet reporting that it could be increasing the...