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Author: Scott Dylan
Scott Dylan, Founder of NexaTech Ventures, is an entrepreneur and investor, offering expert insights on AI, technology, and business transformation across global industries.
The fashion retail sector witnessed numerous executive shifts this week, reflecting ongoing changes in the industry.John Lewis CEO Nish Kankiwala transitions to a non-executive role, continuing to influence the board with his expertise.Mulberry’s long-serving non-executive director, Julie Gilhart, plans to step down after nearly a decade with the company.Matalan CEO Jo Whitfield resigns after 18 months, seeking to diversify her career portfolio.Gucci names Stefano Cantino as CEO, effective January 2025, amidst a challenging period for Kering’s renowned brand.The fashion industry is undergoing significant transformations, as evidenced by various strategic leadership changes across major brands. Notably, Nish Kankiwala, CEO of John…
Recent developments in fashion retail have seen significant leadership changes across several notable brands.John Lewis CEO Nish Kankiwala transitions to a non-executive role, continuing to advise the board.Mulberry announces the departure of non-executive director Julie Gilhart after nearly a decade.Gerry Sweeney steps down as CFO of Quiz, ending an eight-year tenure with the company.Jo Whitfield exits as CEO of Matalan, with plans to pursue a portfolio career.In a week marked by a series of pivotal movements within the fashion retail industry, multiple key leadership positions are seeing notable changes. These shifts reflect both strategic realignments and personal career transitions, pointing…
Mulberry announces the departure of Julie Gilhart after nearly a decade on the board.Gilhart joined Mulberry as an independent non-executive director in December 2014.She will not seek re-election at the upcoming annual general meeting on 19 November 2024.Chris Roberts, Mulberry’s chairman, expressed gratitude for Gilhart’s contributions.Frasers Group has increased its stake in Mulberry amidst ongoing acquisition discussions.Mulberry has revealed that Julie Gilhart, an independent non-executive director, will be stepping down from the company’s board. Gilhart’s exit follows nearly ten years of service, marking a significant tenure since her joining in December 2014. Gilhart chose not to seek re-election and will…
THG is set to demerge its Ingenuity division while launching a significant equity raise.This move is aimed at refining THG’s focus on consumer beauty and nutrition markets.THG is moving forward with the demerger of its Ingenuity division, simultaneously initiating a £75 million equity raise. The Ingenuity demerger is intended to simplify THG’s operational structure, enhancing its focus on core areas such as consumer beauty and nutrition. This business separation aims to create a cash-generative profile for THG, improving its balance sheet and cashflow dynamics.Ingenuity, valued at approximately £100 million, will become an independent private company. The THG board is optimistic…
THG successfully raised £95.4 million to facilitate the spin-off of its Ingenuity division.The fundraising exceeded the initial target of £75 million, showing strong investor confidence.Chief Executive Matthew Moulding personally contributed £10 million to the fundraise.Frasers Group invested £10 million, strengthening its partnership with THG.The funding aims to support Ingenuity as a standalone entity, with additional proceeds for corporate purposes.THG has raised a substantial £95.4 million in funding to enable the separation of its Ingenuity technology branch into an independent company. This capital injection surpassed their initial goal of £75 million, demonstrating notable confidence from investors.The fundraising comprised £67.7 million from…
THG raises £95.4m to support the demerger of its Ingenuity division.The funding surpasses the initial target of £75m.Existing shareholders, led by CEO Matthew Moulding, contributed significantly.Frasers Group confirms a £10m strategic investment in THG.The demerger will result in a standalone Ingenuity business with sustainable growth potential.THG has successfully raised £95.4m as it advances its plans to demerge the Ingenuity ecommerce solution service into a separate entity. This capital raise, achieved through a share placing and subscription offer, exceeds the previously announced target of £75m, highlighting robust investment interest. Existing shareholders played a crucial role, contributing approximately £50m, with CEO Matthew…
In the midst of a crucial electoral campaign, former President Barack Obama is leveraging his influence once again. His focus is on galvanising support for the Democratic nominee, Vice President Kamala Harris.As Kamala Harris navigates a challenging political landscape, Obama’s intervention may prove pivotal. With the stakes high, his presence in battleground states underscores the urgency of the Democratic campaign.Sixteen years after his electrifying 2008 campaign, Barack Obama has re-entered the political arena, this time in support of Kamala Harris. His presence in Pennsylvania is a tactical move, aimed at securing votes in this key state.He underscored Trump’s alleged incompetence…
Barack Obama, once hailed as the embodiment of change, revisits the political stage, actively supporting Kamala Harris in her presidential bid. Sixteen years after his own historic campaign, Obama remains a pivotal figure, stepping into the political spotlight not for himself, but to energize and invigorate Harris’s campaign.In a pivotal rally in Pennsylvania, Obama, known for his rhetorical prowess, seeks to galvanize voters and articulate a clear vision against Donald Trump’s potential return to the presidency. His presence underscores the gravity and urgency of the upcoming election, highlighting his unique ability to unify and inspire amidst political complexities.Obama’s rallying call…
Donald Trump has once again spotlighted mainstream media practices, criticising CBS for their handling of an interview with Vice President Kamala Harris.The former president has alleged that CBS’s editing amounted to manipulation, showcasing a recurring conflict between media ethics and political narratives.Former President Donald Trump has accused CBS of improperly editing an interview with Vice President Kamala Harris, labelling it a “scandal”. Trump argued that the editing was manipulative and misrepresented Harris’s responses. This accusation adds yet another point of contention between Trump and mainstream media outlets, continuing a longstanding battle over perceived biases and editorial practices.CBS aired an interview…
Political campaigns often face unexpected challenges and public moments that draw attention.Governor Whitmer’s recent ‘Doritos moment’ has gone viral, while Vice President Harris navigates potential difficulties on college campuses.Governor Gretchen Whitmer recently experienced a unique moment in the political sphere that swiftly garnered public attention across social media platforms. This incident, humorously dubbed the ‘Doritos moment’, highlights how unexpected interactions can quickly become focal points within political campaigns. Such moments, while amusing, also underscore the power of social media in shaping public perceptions of political figures.A warning was issued by political activists about potential misalignments in campaign messaging with student…