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Lectra promotes John Brearley to Americas president

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September 15, 2025

Lectra on Monday announced the promotion of John Brearley to the role of president, Americas, effective October 1. He also becomes a member of the group’s executive committee.   

Lectra

With a career that spans four decades, Brearley cut his teeth at Investronica, where he managed the business in the UK, before moving to the US in 2001 to lead the North American division.

Following Investronica’s acquisition in 2004 by the Lectra group, the executive was charged with growing the consumables and parts activity. From here, he was promoted to the role of vice president of customer care for Lectra Americas in 2007, a role he served in for 13 years. In 2020, Brearley was enlisted as senior vice president of customer success for the region.
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“We look forward to John Brearley continuing his impactful journey within the Group as he steps into this pivotal leadership role”, said Daniel Harari, chairman and chief executive officer of Lectra.

“With his extensive experience in the industry and a proven track record of leading our teams to support our customers and drive growth in Lectra’s recurring business, John is well-positioned to lead our Americas teams toward accelerated growth, strengthened customer relationships, and achieve our strategic objectives.”

​Lectra currently operates in 31 countries in the Americas region, with 400 employees across seven locations – including Tolland, one of the group’s three production sites – servicing more than 8,000 customers.

Founded in 1973, Lectra is ​a technology solution provider combining software in SaaS mode, cutting equipment, data, and associated services to brands in the fashion, automotive and furniture industries.
 
Last year, Lectra reported revenues of €527 million, including €77 million coming from its SaaS offerings. The Americas is a crucial market for the company, contributing to 33% of the group’s sales in 2024.

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Gieves & Hawkes opens new store as it returns to Bath

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December 10, 2025

Frasers Group’s Gieves & Hawkes brand is continuing to expand at retail and has returned to the city of Bath with the opening of a store in the newly redeveloped Shire’s Yard. 

Gieves & Hawkes, Bath

Bath is a key destination for both UK and and international tourists, as well as having an affluent local catchment, so it looks like a strong move for the heritage menswear brand.

The 2 Broad Street store is set across three floors in a prime location at the heart of the city with the company saying the opening is “a significant moment in the brand’s continued celebration of craftsmanship and heritage”.

The space covers 2,085 sq ft and showcases the full breadth of the Gieves & Hawkes offering, from ready-to-wear tailoring and “refined” casualwear to the made-to-measure service for which the label is known.

Managing director Jason Gerrard said of the opening: “Bath is a city where Gieves & Hawkes has enjoyed a longstanding presence and loyal following. The opening of our new store is within the exceptional Shire’s Yard development, and we are privileged to be part of its vibrant community. Our new store represents our long-term commitment to Bath and the Southwest.”

Gieves & Hawkes, Bath
Gieves & Hawkes, Bath

The Bath return is part of an ongoing national expansion strategy. Earlier this year, in a 254-year retail first, the brand opened a store-in-store within Frasers Group’s Flannels flagship in Leeds.

At the time Frasers said the debut “marks a significant milestone in the brand’s history and is a precursor to a wider regional expansion strategy to tap into a desire for craftsmanship, integrity, and authenticity outside of the capital”.

Bath is clearly another step in that journey.

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Marc Cain names Marc O’Polo’s Patric Spethmann its new CEO

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December 10, 2025

German womenswear brand Marc Cain has named a new CEO and it’s clearly preparing well in advance as he’ll take the reins of the business as of June next year.

Dr. Patric Spethmann – MARC O’POLO

He’s Dr Patric Spethmann, who will be responsible for all areas of the business. Helmut Schlotterer, founder and owner of Marc Cain, will remain chairman of the board, “primarily to mentor Patric Spethmann and act as a coach and advisor”.

So what is it about Spethmann that made the company (whose products are available internationally include the US and UK) pick him? He joins from Marc O’Polo, where he most recently held the position of COO. There, his focus was on “optimising internal processes, increasing the efficiency of workflows and organising structures”.

“In Patric Spethmann, we have gained a leader who brings with him many years of experience in the industry. Together, we will set the course for maintaining our brand and values and strategically driving them forward. This puts us in an excellent position for the future and enables us to respond quickly and efficiently to the challenges of the new era,” Schlotterer said.

And Spethmann added: “I am very much looking forward to joining Marc Cain in June 2026. As a leading player in the field of premium women’s fashion, I am particularly impressed by the company’s extraordinary innovative strength and its clear focus on forward-looking technologies. This combination of creativity, quality and progressive thinking makes Marc Cain, in my opinion, a company that sets trends for the entire industry.”

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South Africa’s Mr Price makes European debut through German value retailer deal

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December 10, 2025

South African fashion retailer Mr Price will acquire NKD Group, a German-based discount retailer for up to 487 million euros ($567.55 million), it said on Wednesday, marking its first entry to the European market. By 1030 GMT, Mr Price shares were down 13.35%. 

A shopper pushes a trolley outside a branch of South African clothing and homeware retailer Mr Price, at the Trade Route Mall, in Lenasia outside Johannesburg, South Africa, February 8, 2023 – REUTERS/Siphiwe Sibeko/File Photo

Mr Price said that NKD, an apparel and homeware retailer with 2,108 stores in ⁠seven Central and Eastern European countries, is a strategic fit. Market data indicates that the growth in the value ⁠retail market is outpacing that of the overall retail market. In Europe, value retailing accounts for about 22% of the market.

“After meeting the NKD team, it was ‍evident that ‌this was the right business to pursue,” said the group’s Chief ⁠Executive Officer Mark Blair. “Like ‌us, they are value-retailers at heart and have a very ‌clear understanding of who their customer is and how to best serve them,” he added.

The acquisition of NKD, which is from funds managed by TDR Capital LLP,  includes the purchase of all NKD ‍shares and income from shareholder loans. The deal will be settled using a mix of existing cash reserves and debt facilities, Mr Price ‌said in ⁠a ​statement.

The transaction is subject to regulatory approvals, including clearance ⁠from ​the European Commission and the South African Reserve Bank. It is expected to close by the second quarter of 2026, Wednesday’s statement said.

Once completed, ​Mr Price’s annual revenue would increase to approximately 53 billion rand ($3.12 billion) from 40.9 billion rand, while ⁠the number of its stores would ⁠reach more than 5,000, up from around 3,100,  and it would have more than  40,000 employees.

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