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Tag: fashions

Asos fashions board shake-up after profit alerts

Asos fashions board shake-up after profit alerts

Business
Asos, the online fashion retailer which has been buffeted by a series of profit warnings, will on Wednesday unveil a boardroom shake-up as part of an attempt to rebuild relations with investors.Sky News has learnt that Asos, which has seen its value more than halve during the past year, has recruited several new non-executive directors, including Luke Jensen, the boss of online grocery retailer Ocado's technology solutions arm. The new board members have been drafted in by Adam Crozier, who took over as Asos chairman in April. Image: Adam Crozier the Asos chairman has drafted in new board members Since Mr Crozier's arrival, the former City darling has issued its second profit alert in seven months, blaming a troublesome IT upgrade in ...
Primark fashions M&S assault with ex-Zara exec

Primark fashions M&S assault with ex-Zara exec

Business
Primark is throwing the gauntlet down to rivals Next and Marks & Spencer (M&S) by hiring a former executive from the owner of Zara to become its new womenswear chief.Sky News has learnt that the high street chain, which is part of the conglomerate Associated British Foods (ABF), has recruited Paula Dumont Lopez as its new trading director.The role, which she will take up next month, will give her oversight of the main functions of Primark's womenswear operations in all of the markets in which it operates, including the UK and US.Paul Marchant, Primark's chief executive, announced the hiring of Ms Dumont Lopez to his top management team this week, according to insiders.Ms Dumont Lopez, who began her career at Zara, which is owned by the giant Spanish retailer Inditex, more recently ...