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Richard Collins, an employee of The Fossil Group for 12 years has been promoted from operations director to managing director. Starting as an account merchandising manager in 2004, the company commented he had roots “firmly established in the fashion sector” and will now take a “holistic approach to ensure the entire...

Unsettled weather and a lack of consumer confidence have seen UK retail sales remain flat for the second month. In the four weeks from April 3rd to April 30th, the BRC-KPMG’s sales monitor showed overall flat sales across the UK retail industry, with positive food sales offset by record declines in...

Healthcare chain Holland & Barrett has told suppliers that it will be pushing through cost reductions of at least 5%, three months after first writing to suppliers demanding price cuts. An initial letter from CEO Peter Aldis to suppliers in January suggested the price cuts would enable suppliers to “contribute proportionally...

The chief executive of Claire’s Accessories, Beatrice Lafon, has resigned after two years at the head of the business. Ms. Lafon previously served as CEO of TJ Hughes Limited from January 2011 to April 2011. She will be replaced by Ron Marshall, formerly CEO of book chain borders, who has been...

Greggs, the bakery chain has reported its sales growth has slowed since the beginning of this year due to weaker high street conditions in March. Figures show that like-for-like sales increased 3.7% in the first 18 weeks of this year, compared to a 6% rise the previous year. Greggs commented by saying...

It has been revealed that Dragon’s Den star and entrepreneur, Touker Suleyman, who already owns menswear brand Hawes & Curtis as well as womenswear label Ghost, has voiced his interest in Austin Reed, which is currently in administration, confirming “parts of the business are on my radar”. Austin Reed fell into...

The founders of Hotel Chocolat, Angus Thirlwell and Peter Harris, have each walked away with £20 million after the company raised £55.5 million raised through flotation of the luxury chocolatier of London’s Alternative Investment Market. The money raised will be used to fund further expansion of its store estate and website...

Luxury group Kering has announced Emmanuel Gintzburger, formerly retail and wholesale director at Yves Saint Laurent, as chief executive of Alexander McQueen. In his new role, Mr Gintzburger will be responsible for pursuing the brand’s global expansion and accelerate growth. He will report to Grita Loebsack, Kering’s chief executive of luxury. Mr...

Fashion retailer Farfetch has raised millions of dollars, equating to £75 million, from investors ahead of planned expansion in Asia. The move follows the acquisition of London-based fashion boutique Browns as well as moves to increase the number of boutique brands selling through the platform. New investors Temasek, IDG Capital Partners and...

Supermarket Morrisons has reported that like-for-like sales in the second quarter rose slightly, the second consecutive quarter of sales growth. The UK’s fourth largest supermarket saw a drop in total sales of 1.8%, excluding fuel, as a result of closing the group’s convenience chain M Local and some of its supermarkets. David...