The rating agency expects that the operating income outlook of all operators in the sector will drop 20% on average this year, down from the 15% decline estimated two months ago.  

The company has incorporated Brian Small, Boohoo’s advisor and former chief executive officer of JD Sports, to its board of directors.

The company is looking for a replacement for its chairman and has hired AlixPartners to review its operations.

Valérie Hermann has been tapped by private investment firm EPI to be managing director of its fashion and luxury division.

The sportswear company has announced that chief technology officer and chief supply chain officer will join the company’s senior leadership team.

The Paris-based jewelry company, owned by LVMH, has opened its first store in Australia in Sydney Westfield shopping mall.

The deal, which terms were not disclosed, aims to strengthen the positioning of the German cosmetics company in Asia.

Mahmud Kamani and Carol Kane have sold 142.5 million pounds (187 million dollars) in shares of the ecommerce platform.

After selling its flagship store at the beginning of the year, the department store will reinvent itself with the opening of a pop-up store in Soho.

The Italian eyewear group has acquired a 70% stake of the Californian company, valued at 90 million dollars.

The British company has also hired a headhunting agaency to find replacement for incumbent chairman David Bernstein.