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Hudson's Bay
appoints new
CEO for Europe
Louis Vuitton faces
labourers' protest
over wages
Hudson’s Bay Company has announced the appointment of
Wolfgang Link as Chief Executive Officer of HBC Europe,
effective from May 2017. He will lead the company’s
expansion and growth strategy for the European business
including Galeria Kaufhof, Galeria Inno, and the entrance
of Hudson’s Bay and Saks OFF 5TH. Reporting to HBC’s
Chief Executive Officer, Jerry Storch, Dr. Link will oversee
the European management team.
Commenting on his appointment Jerry Storch, CEO stated:
“We are pleased to welcome Wolfgang to the HBC family
during this new phase of development for our European
A group of leather workers, upset over
Louis Vuitton management’s failure
to meet wage expectations, reportedly
staged protest recently at the French
fashion house. The hour-long walkout
started with employees gathering
in front of their various production
facilities across France at 7:30 AM.
Later they were invited for talks. This is
the second labour protest at Vuitton in a
span of 15 years.
The company had reportedly offered
a gross raise of ¤30 a month or about
US $ 31.95 for every employee
which is far lower than the ¤55
that workers requested through
unions’ representatives. Company
Managers had also offered raise of
an additional ¤10 to ¤20 a month for
80 per cent of workers, but that too
didn’t go well.
Louis Vuitton has 18 leather
workshops, 12 of which are in France.
The house employs 4,500 people,
including 2,000 in French workshops,
according to the unions.
Global Fashion Group's
revenue zooms
business, as we prepare to launch two new banners in
the region. Wolfgang is an accomplished leader with a
proven track record in the retail sector in Germany and
throughout Europe. His experience in both digital and
traditional channels and profound knowledge of the
European market were keys in selecting him for this role,
and will help foster the expansion and success of HBC
Europe, including our significant investment in Germany.”
The fashion retailer has also decided to invest around
US $ 425 million in Europe with an aim to increase its
sales there. It is planning to increase its sales in the region
by 20 per cent over the next two years.
Global Fashion Group (GFG), the
leading online fashion destination
for emerging markets, has reported
strong results for the Financial Year
2016. GFG delivered net merchandise
value (NMV) in excess of ¤1 billion,
representing growth of 30.3 per
cent on a constant currency and
pro-forma basis. Total net revenue
of the Group for 2016 exceeded ¤1
billion, up 26.4 per cent on a constant
currency pro-forma basis despite
continued macroeconomic challenges
in several regions and associated
increased pricing pressure. 2016
also saw the implementation of
40 Apparel Online Bangladesh | MAY 2017 | www.apparelresources.com
several regionally led initiatives,
including for example brand
recruitment across all regional
companies, warehouse automation
and capacity increase at Lamoda
and Dafiti, optimisation of the last
mile delivery infrastructure with
Lamoda Express, IT investment
and integration of Kanui and
Tricae IT into Dafiti, fixed cost
rationalisation with the setup of a
Malaysian shared service centre for
all of Zalora. These developments
helped enhance GFG’s efficiency
and improve its services to both
partner brands and consumers.