UK: More New Look directors leave business
New Look confirmed today (2 March) that creative director Barbara Horspool is one of three directors to leave the business, along with head of buying Nicky Wills and head of merchandising David Barton.
The departures are the latest in a series that have hit the fashion retailer in recent months. COO Will Kernan left to join the White Company in December, while CEO Carl McPhail left in March, and e-commerce director Dominic McBrien left in October.
The company is also reportedly looking to restructure its more than GBP1bn debt pile.
Executive chairman Alistair McGeorge and founder Tom Singh are considering options for the debt, with New Look expected to appoint an adviser in the coming weeks, The Financial Times reported. Options include Singh, who owns about a quarter of the company, putting more money into the business, the FT said.
The report said New Look is talking to US investment bank Houlihan Lokey about advising it on a debt restructuring.
A new 3D virtual dressing room allowing shoppers to "try on" limitless apparel and accessories has been launched by FaceCake Marketing Technologies....
French women's wear retail chain Mim is poised to open its first stores outside of Europe with three outlets planned in Morocco, through a partnership agreement with local company, Jacquesther....
Marks & Spencer has declined to comment on reports that Kate Bostock, its executive director of general merchandise, is set to leave the company....
- Indian apparel exporters discuss policy changes
- INTERVIEW: David Nieper pushes Made in UK momentum
- Clothing seen as central focus for new Tesco CEO
- Is China's dream becoming a nightmare scenario?
- Wolverine Worldwide evolves to exceed new demands
- European MEPs call for more TTIP transparency
- US cotton prices set for five-year low
- Crystal Group improves worker communication
- TIMELINE: Charney ousting from American Apparel
- ILO backs Burma project to improve work practices