Asos said it delivered an “encouraging” start to its financial year when it issued a trading update on Thursday, with the four months to December 31 seeing both total group revenue and total group sales up 20%.
The consumer products conglomerate and its ethnic beauty-focused subsidiary have teamed up to launch Emerge, a new brand that aims to empower multicultural Gen-Z women with affordable textured hair care products.
CEO Iris Epple-Righi is no longer with the German luxury label, which was bought by US private equity firm Regent last autumn. She left of her own initiative, according to an article published in the German media.
M&S is focusing heavily on its retail operations and said that it has added two key new roles to the organisation to help it build “a store estate that’s fit for the future with industry-leading store operations”.
Sainsbury’s CEO Mike Coupe, has bowed to the inevitable and is stepping down from his role in May. He’s being replaced by current Retail and Operations Director Simon Roberts, who’s been at the firm for three years.
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