Retail news round-up: Sir Philip Green's title stripping put on hold, Dunhill London appoints new chief executive and MatchesFashion reports increase in sales
Decision on Sir Philip Green’s title delayed
A Whitehall panel are waiting for all the investigations into Sir Philip Green to be concluded before making any decision about his title, The Times reported.
In a letter, honours forfeiture committee chairman Sir Jonathan Stephens said: “As you know, the government is taking the circumstances surrounding the collapse of BHS very seriously, including investigations by the Insolvency Service and the Independent Pensions Regulator."
"I believe it will be important to ensure any consideration of Sir Philip’s case by the forfeiture committee should have the benefit of the findings of the independent inquiries into BHS by the relevant regulators.”
He also added that last year’s unanimous Commons vote to strip Sir Philip of his honour “will be carefully considered”.
Sir Philip declined to comment.
Dunhill London names new chief executive
Dunhill London has appointed Andrew Maag as its chief executive officer, Drapers reported.
Maag replaces Fabrizio Cardinali, who left the company on January 5 after three years in the role.
Maag was previously working for Burberry, with 10 years as chief executive for Europe, Middle East, India, Africa and the Americas and senior vice president of menswear.
Before joining Burberry, Maag held senior positions at Limited Brands, Donna Karan, Gap Inc, GFT and Saint Laurent Rive Gauche.
MatchesFashion reports boost in Christmas sales
MatchesFashion has reported an 82% increase in sales for the six weeks to January 8, Drapers reported.
The retailer recorded its largest single app order of £94,000 during Christmas.
The average order values increased 16% and at its busiest, the firm was taking one order every seven seconds.
More than three-quarters (77%) of total sales were outside of the UK, with 145,000 items shipped to 122 countries in the six-week period.
Signet Jewelers announces organisational changes
Signet Jewelers has announced several organisational changes to strengthen customer service, enhance digital capabilities and drive profitable growth, Professional Jeweller reported.
The company has promoted UK managing director Sebastian Hobbs as president and chief customer officer, a newly created role.
Hobbs will report to the chief executive and lead store operations, merchandising and marketing globally.
UK store operations director Emma Hayward has been promoted to executive director of the UK Division, reporting to Hobbs.
CVS Health chief digital officer Brian A. Tilzer has been appointed to the board to increase the company’s digital expertise.
Bryan Morgan has been promoted as the new chief operations officer and chief merchandising and marketing officer George Murray is the new chief retail insights and strategy officer.