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Victoria’s Secret CEO to step down

Posted:
16 February 2016 10:37

The chief executive of luxury lingerie company Victoria Secret is resigning from the company after ten years at the head of the chain. Sharen Jester Turney, who has been with the retailer for 16 years, was promoted to chief executive officer in 2006 since when she has grown sales by ...read more

SuperGroup founder sells shares worth £53 million

Posted:
15 February 2016 10:35

The founder of casual fashion brand SuperGroup, which owns SuperDry, has sold £53 million worth of shares, leaving him with a 27% stake worth £292 million. Julian Dunkerton made £80 million after his company was floated on the stock exchange in 2010. He stepped down as CEO in 2014 and was ...read more

Wiggle to acquire Chain Reaction Cycles

Posted:
15 February 2016 10:34

Online cycle retailer Wiggle looks set to create an online sports retail giant after it was announced that it would be buying its Northern Ireland rival, Chain Reaction Cycles. The deal, which will create a company with sales upwards of £300 million, was confirmed on Friday and will see an end ...read more

Aldi releases new price reductions to match rivals

Posted:
15 February 2016 10:34

German discounter Aldi has released new price reductions in response to moves from its competitor Morrisons. The supermarket is known for maintaining a ‘price advantage of up to 38%’ against Morrisons who reduced its own prices as part of its Morrisons Price Crunch Initiative. CEO Matthew Barnes at Aldi, said: “Our competitors ...read more

Walpole appoints Harrods’ MD as chairman

Posted:
15 February 2016 10:31

It has been announced that Michael Ward, Harrods’ managing director, will be joining luxury alliance Walpole as the new chairman as Ben Hughes steps down after four years. Mr Ward has been a Walpole board director since 2012 and between 2014 and 2016 was president of the European Creative and Cultural ...read more

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