Asda has appointed two former Marks & Spencer executives to take up senior roles at its George clothing range.
Arman Djemil and Steve Jackson joined the Wal-Mart-owned retailer in its boyswear and menswear deaprtments in recent weeks and are understood to have left M&S earlier this year.
The head of George at Asda, Anthony Thompson, is a former director of M&S and has bolstered his team with colleagues from Gap, Next and Sainsbury’s, as well as M&S.
Today M&S revealed that adjusted pre-tax profits in the year to March 28 fell from £604.4m from £1bn the year before.
Footwear specialist Clarks has slumped to record losses in its more recent full-year results due to coronavirus restrictions and store closures.
Unilever has hiked prices and warned of further inflationary pressure next year amid rising costs for energy and raw materials.
JD Sports has acquired a controlling stake in Greek retailer Cosmos as it presses ahead with its international expansion drive.
Jonathan Akeroyd’s appointment as new Burberry chief executive should serve to ease some of the concerns surrounding the future of the fashion giant.
THG boss Matt Moulding will dispose of his golden share in the business he co-founded and apply to move onto the main market of the London Stock Exchange next year.
Everything you need to know from both days of Retail Week Live 2021
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