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BMW appoints Milan Nedeljkovic as CEO to replace Oliver Zipse

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December 9, 2025

BWM’s supervisory board on Tuesday appointed Milan Nedeljkovic as the German carmaker’s new CEO with effect from May 14, 2026 as the carmaker launches a new generation of models in a tough market environment.

Milan Nedeljkovic, Member of the Board of Management of BMW AG responsible for production speaks at a press conference, on the BMW Group’s investment for the MINI production in the UK, at the MINI plant in Oxford, Britain, September 11, 2023 – REUTERS/Andrew Boyers/ File Photo

Nedeljkovic, ⁠aged 56 and currently the head of production, has worked for the ⁠group since 1993, it said in a statement. The Serbian-born leader who studied in Germany and Cambridge, Massachusetts, joined ‍the ‌group as a trainee and worked his way ⁠through several BMW ‌locations in Germany before joining the ‌management board in 2019.

The current CEO, Oliver Zipse, will resign, by mutual agreement with the supervisory board, at the end of May 13, ‍2026- the day planned for the 2026 annual general meeting.

Zipse, 61, whose mandate had been ‌extended ⁠until ​2026, will hand over the reins ⁠of ​a carmaker struggling to find its footing amid stiff competition from China and high US tariffs. Those ​challenges saw the luxury automaker cut its 2025 earnings forecast in October ⁠and is banking ⁠on the first model from the all-electric “Neue Klasse” series to drive growth in 2026.

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Authentic partners with Pattern to optimize e-commerce operations

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December 11, 2025

Authentic Brands Group has named Pattern Group Inc. as its global e-commerce marketplace accelerator and premier TikTok Shop partner, a move aimed at strengthening the digital performance of more than 50 brands in its portfolio. 

Authentic partners with Pattern to optimize ecommerce operations. – Champion

Pattern, known for its AI-driven ecommerce technology, will manage and optimize e-commerce operations for labels such as Champion, Reebok, Quiksilver, Aeropostale, Forever 21, Billabong and Juicy Couture, among others.

The partnership expands Authentic’s marketplace strategy, with Pattern responsible for managing official storefronts on TikTok Shop and expansion planned across Amazon, Walmart, Target Plus, Zalando, Otto and additional marketplaces worldwide. The work will include marketplace-specific content, translations and retail media strategies designed to boost visibility and conversion.

“Authentic’s global marketplace strategy meets customers on the platforms they trust, creates smarter discovery for our brands, and optimizes conversion at scale,” said Tim Derner, global head of marketplaces at Authentic. 

“Partnering with Pattern is an important step in our digital expansion strategy. TikTok Shop is critical to how today’s consumers discover and purchase our brands, and Pattern’s proven technology and global expertise will enable us to scale faster while driving long-term, sustainable growth across our portfolio and protecting the strength of our brands.”

As part of the collaboration, Authentic will centralize core ecommerce functions such as inventory planning, forecasting, fulfillment and brand protection. Pattern will provide technology to monitor unauthorized sellers and improve marketplace consistency, giving Authentic greater insight into supply, demand and execution across global retail channels.

“Authentic owns some of the world’s most recognizable brands,” said John LeBaron, chief revenue officer at Pattern.

“We’re thrilled to leverage our AI-powered platform and operational excellence to help Authentic’s brands accelerate e-commerce growth globally across an increasingly dynamic e-commerce landscape. As Authentic’s premier TikTok Shop partner, we’re excited to help their brands sell on TikTok Shop and leverage this fast-growing channel, where customers are increasingly discovering and purchasing products, to reach new customers and expand their global footprint.”

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Tommy Hilfiger appoints Sergio Pérez as global menswear ambassador

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December 11, 2025

Tommy Hilfiger has announced the appointment of Sergio Pérez as its new global menswear ambassador, reinforcing its long-standing relationship with Formula 1 and its standing at the intersection of sport, style and contemporary culture.

Tommy Hilfiger appoints Sergio Pérez as global menswear ambassador – Cortesía

The announcement comes in the run-up to the 2026 season, when the Mexican driver will return to the grid with the Cadillac Formula 1 team, with Tommy Hilfiger as the team’s official kit partner.

“We have long championed drivers’ freedom to express themselves through style and, as Formula 1 continues to embrace fashion and entertainment, its stars have become truly global figures,” said Tommy Hilfiger.

He added that Pérez, an icon in Mexico and an international fan favourite, is a figure capable of inspiring new generations with his talent, confidence and personality.

From Pérez’s perspective, the collaboration also reflects the paddock’s cultural evolution.

“Tommy brought style to the paddock and gave drivers the confidence to show who they are away from the track. He has always been at the centre of the action,” Pérez said.

He explained that returning to competition with the brand marks a new chapter he embraces with enthusiasm and commitment, aligned with his preparations for the next sporting cycle.

The partnership encompasses menswear collections, fan merchandise inspired by the world of racing, timepieces, and participation in the brand’s campaigns and events.

Tommy Hilfiger adds Pérez to its line-up of athletes with global cultural impact, at a time when Formula 1 is extending its influence into image, consumer culture and fashion.

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In Paris, VF Corporation bets on Le Marais with Timberland and Vans

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December 11, 2025

VF Corporation is bolstering its Parisian presence with the back-to-back openings of two of the group’s flagship stores in the Marais. The neighbourhood has become one of the most sought-after areas for international brands.

Interior of the Timberland store – Timberland

Timberland has opened a new boutique at 14 Rue du Temple, while Vans has unveiled a large-scale, creative flagship store, underscoring the American group’s interest in urban areas with strong cultural and commercial influence. VF Corporation reports global revenue of $9.5 billion.

The American group’s new stores are located side by side in the heart of the Marais, a stone’s throw from the capital’s Hôtel de Ville. Timberland’s offering is presented in a 130-square-metre space designed by Studio Andrea Caputo. Situated on Rue du Temple, a lively shopping street already home to Rossignol, Aigle, K-Way and American Vintage, the store sits within a particularly dynamic setting for outdoor and lifestyle brands.

The store showcases the brand’s premium lines, exclusive collaborations and heritage outerwear pieces. The brand said the space was conceived as a continuous sculptural landscape, where polished concrete, solid wood and textured surfaces create an environment dedicated to craftsmanship and product presentation. The project forms part of Timberland’s international strategy to expand its presence in Europe’s key cultural capitals, in line with its outdoor heritage and upmarket positioning. The brand generates $1.6 billion in revenue for the group.

The new Vans store on rue du Temple, Paris
The new Vans store on rue du Temple, Paris – Vans

A few metres away, Vans opened Vans Le Marais, one of its most ambitious retail concepts in Europe. The store spans 170 square metres on the ground floor, complemented by an outdoor courtyard of around 200 square metres dedicated to cultural programmes and community gatherings.

Also designed by Andrea Caputo, the space adopts a gallery-inspired approach, blending artworks, sensory installations and a selection of premium products. Vans accounts for $2.35 billion of VF Corporation’s revenue. 

Shoe display wall in the new Vans store in Paris
Shoe display wall in the new Vans store in Paris – Vans

The store is the only one in France to stock the OTW line, limited editions and several exclusive capsule collections. OTW features original collaborations, such as the one launched on December 11 with the Californian brand Gallery Dept by artist and designer Josué Thomas, centred on its Authentic 44 model and featuring hand-applied paint marks on each pair.

As part of its global reorganisation initiated over a year ago, Vans had closed its store in Beaubourg. At this new site, the brand is rolling out a programme of events combining music, skateboarding, design and local collaborations, making it a hub for Parisian creatives and communities.

These two openings illustrate the strategy of VF Corporation, which includes The North Face, Timberland and Vans, and which continues to focus on urban markets with strong potential for influence. The American group relies on a global distribution network covering more than 100 countries. The simultaneous arrival of Timberland and Vans confirms Rue du Temple’s dynamic position as a hotbed for brands combining streetwear, lifestyle and outdoor codes.

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