Following a global strategic review, the intimates and swimwear group announced on Wednesday that it has appointed Anna Johnson, the former EGM of its Bendon subsidiary, as its CEO and also revealed a new growth plan.
Katarzyna Niemirowicz, currently global sales manager at & Other Stories, will become H&M’s new country manager for Spain and Portugal, taking over from Ralf Wein who has been appointed country manager for France.
Arcadia is set to embark on a store closure plan that could it close over 67 stores of varying sizes in the UK and Ireland. Occupied by brands from across its portfolio, the stores are located in malls and high streets.
The embattled UK retail industry was dealt another blow on Friday after news emerged that Arcadia is considering a restructuring process which could result in significant store closures and job losses.
After slumping for three successive quarters, the owner of the Dessus-Dessous site and of lingerie label Felina regained momentum in Q4, though its overall sales decreased 3.6% in 2018, down to €77.2 million.
Primark is moving hundreds of UK-based roles to its headquarters in Dublin in September this year in a move that will affect 220 jobs across the company’s buying, merchandising, design, quality and sourcing teams.