Anders Kristiansen news and archive

Esprit-CEO: Our plan is “ambitious but it’s also realistic”

Struggling fashion retailer Esprit has unveiled an ambitious plan to counter years of revenue decline last week. But will it succeed in finding a new place on the market, after what the company itself defined as years of “brand inconsistency”? Chief Executive Officer Anders Kristiansen, who joined Esprit in June, sounded confident when...

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People

Ex-New Look CEO Anders Kristiansen to take charge at Esprit

The board of directors of Esprit Holdings Limited has announced that Anders Kristiansen has been appointed to succeed Jose Manuel Martínez Gutiérrez as Executive Director and Group Chief Executive Officer effective 1 June 2018. The company also said that Dr Raymond Or Ching Fai will be re-designated from independent non-executive chairman of the...

People

New Look CEO Anders Kristiansen steps down

The board of New Look Retail Group has announced departure of the company’s CEO Anders Kristiansen, after serving in the role for five years. The company said that Danny Barrasso, Managing Director UK & ROI, has been appointed as Interim CEO with immediate effect. Commenting on the development, John Gnodde, New Look Chairman, said in a...

Retail

New Look chief executive reveals plans for men's wear push

High street fashion chain New Look is not satisfied with being one of the largest women's wear retailers and aims to take a larger slice of the men's wear pie/market as well. Following the appointment of Christopher Englinder as global director of men's wear from rival fashion chain H&M, New Look is planning big push into men's wear this year....

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Business

New Look snapped up by Brait in 1.9 billion pound deal

Following months of speculation, British high street retailer New Look has finally found a new owner and has been acquired by South African billionaire Christo Wiese in a deal which values the fashion label at 1.9 billion pounds, including debts. Brait, the private equity vehicle owned by Wiese, has signed an agreement to acquire a 90 percent...

Design

New Look considering sale of French Mim

British fashion retailer New Look may be preparing to sell its French Mim label, after the company reported full-year pretaxloss, which drew a stark contrast to the 5.8 percent increase in underlying earnings. The company, which is owned by founder Tom Singh, alongside with private equity firms Apax and Permira, reported a pretax loss of 55...

Fashion

New Look opens first stores in China

British fashion chain New Look enjoyed the opening of its first two flagship stores in China last week, the first of a series of store openings set to occur throughout the year. The flagship stores, which are located in first-tier cities shopping malls Glory Mall in Beijing and Cloud 9 in Shangai, opened their doors on February 28 at precisely...

Design

Executive chairman of New Look, Alistair McGeorge, steps down

Alistair McGeorge has stepped down from his role of executive chairman and passed over his responsibilities to the chief executive Anders Kristiansen. McGeorge, who joined New Look in 2011 and helped the company handle its debt issues, said in a previous statement: “We have already made substantial progress against these objectives and under the...

Fashion

New Look appoints new chief executive

Budget fashion chain New Look has announced the appointment of Anders Kristiansen as its chief executive, after a year long search for a new boss. Kristiansen was vice chief executive of Bestseller Fashion Group China, the largest fashion retailer in China, which operates brands including Vero Moda and Jack & Jones. He takes up his new role with...