Ongoing underperformance at its Australian operations has led to the exit from his group post of Woolworths Holdings’ CEO Ian Moir, the South African company replacing him with an executive from Levi Strauss.
Perfumery retailer The Fragrance Shop said its Christmas trading was positive, boosted by its omnichannel positioning in a market that was tough. But its annual profits dropped due to the market’s discount frenzy.
The French cosmetics group has appointed Cheryl Vitali, former head of the Kiehl’s brand, to the new position of global president of luxe American brands. She will be succeeded in her previous role by Leonardo Chavez.
Rising sales but falling profits were a feature of Space NK's latest financial year. But analysts were impressed with its overall performance as it made the most of opportunities both in stores and online.
As it continues to explore sale possibilities, the New York-based cosmetics company announced on Monday that it has named Coty alum Sergio Pedreiro as its new chief operating officer, effective immediately.