The famous Florentine luxury retailer has finalized the sale of a 40% stake to Italian investment fund Style Capital. Founder Andrea Panconesi, has retained his role as president, while Alessandra Rossi has become CEO.
US retail giant JCPenney has a new CEO and has named Marc Rosen to the post, effective November 1. And Stanley Shashoua, chief investment officer at the firm’s owner, Simon Property Group, becomes executive chairman.
The executive, who has extensive experience boosting the profiles of Western brands in China, is now responsible for managing all of the German fashion company's operations on this essential Asian market.
After half a century of loyal and honourable service, Marie-Louise de Clermont-Tonnerre has left the Parisian label. She joined Chanel in 1971 and set up the PR department, notably overseeing brand communications.
Missguided has finally filled the long-vacant key post of chief digital officer. The UK-based online fast-fashion retailer has reportedly poached Nick Thomas from UK health supplements retailer Holland & Barrett.