Currently in the process of restructuring, the apparel group has condensed two roles into one new position, naming Mia Ouakim as its first chief product and brand officer – and she'll have a lot to be getting on with.
Pressure by big brands on suppliers to deliver more quickly and cheaply contributes to labour abuses in factories that manufacture garments, footwear and textiles, according to a report published on Wednesday.
Real estate investment companies Built to Build and Urban Interest have jointly acquired shopping and entertainment center, The Wall. The investors will focus on new tenants to serve the nearby Leidsche Rijn area.
The news doesn't get any better for Esprit with the fashion giant saying that its fiscal first quarter was tough. And the warm summer weather continuing into early autumn seems to have been partly to blame.
The Australian menswear retailer entered into voluntary administration on Thursday, announcing the company could no longer cope with the influx of international competitors and the fast evolution of online shopping.