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Business

KKR to buy up to $44 billion of PayPal's buy now, pay later loans in Europe

KKR to buy up to $44 billion of PayPal's buy now, pay later loans in Europe

Private equity firm KKR has agreed to purchase a substantial portion, or up to 40 billion euros ($43.71 billion), of payments company PayPal's buy now, pay later (BNPL) loans in Europe, the companies said on Tuesday.
Fashion
Retail
S.Africa's Steinhoff gains court approval for debt restructure, shares tumble

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Steinhoff International said on Wednesday it had received approval from a Dutch court for a debt restructuring plan, paving the way for resolution of an accounting scandal that brought down the retailer.
Fashion
Business

Debenhams collapse left unsecured creditors with £1.3bn losses

It’s been a tough month for unsecured creditors of failed retail companies. But money owed by Hunter Boot (£112.8 million) and Edinburgh Woollen Mill Group (£167 million) are dwarfed by the cost of Debenhams’ failure.
Fashion
Business

Revolution Beauty responds to Boohoo move, aims to postpone AGM

The turmoil surrounding Revolution Beauty Group intensified Wednesday as the beleaguered beauty supplier/retailer aims to postpone next week’s AGM in the face of “hostile shareholder actions” by Boohoo Group.
Beauty
Business

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Vans announces key new 'pinnacle category' called OTW

Vans announces key new 'pinnacle category' called OTW

​Vans has big news this week, revealing its new pinnacle category, OTW by Vans. This is “where elevated product and brand experiences come together with art, design, style, skate culture and entertainment”.
Fashion
Design
Tencel and Amy Powney choose Fashion Reimagined finalists

Tencel and Amy Powney choose Fashion Reimagined finalists

​Lenzing’s Tencel and its ambassador — Amy Powney of Mother of Pearl — have revealed the five finalists of design contest ‘Fashion Reimagined’, showcased as part of the ‘Best of GFW’ Catwalk at Graduate Fashion Week.  
Fashion
Design

Louis Virginian: Pharrell debuts at Vuitton with Minecraft mode

Pharrell Williams took over the center of Paris Tuesday evening for his debut runway show for Louis Vuitton, staged open air on Pont Neuf painted gold damier for one night.
Fashion
Catwalks

Sabine Brunner on building momentum at MCM

MCM, German luxury’s most famous marque, was back in Milan this season, with a dashing presentation, a new design team and plenty of momentum. So, we spoke with its president Sabine Brunner.
Lifestyle
Design

Appointments

Matalan hires Retail and Supply Chain execs as its Ops Director moves on

Matalan hires Retail and Supply Chain execs as its Ops Director moves on

​Value omnichannel fashion and homewares retailer Matalan has made two key senior executive appointments with Phil Hackney joining as Chief Supply Chain Operations Officer and Katherine Davis as Chief Retail Officer. 
Fashion
Appointments
The Kooples: MD Marie Schott leaves, Anne-Laure Couplet takes over

The Kooples: MD Marie Schott leaves, Anne-Laure Couplet takes over

Managing Director Marie Schott left The Kooples at the beginning of the week. Anne-Laure Couplet, former CEO of Burton and Paule Ka, is taking over from her as head of the label owned by the MF Brands group.
Fashion
Appointments

Vuitton CEO Pietro Beccari on managing talent, briefing Pharrell, and what’s next at LV

Pietro Beccari's fifth-floor office overlooks Pont Neuf, where we met the Louis Vuitton CEO before Pharrell Williams’ debut show to consider picking talent, briefing the Grammy winner, and needing a thick skin. 
Luxury
Appointments

VF Corp has chosen Bracken Darrell as its new CEO

The American giant that owns Timberland, The North Face and Vans has announced this surprising appointment and reorganised its management board. Bracken Darrell has been CEO of electronics company Logitech since 2012.
Fashion
Appointments

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