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ASOS creates key MD roles as CEO radically restructures leadership

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February 26, 2025

Fashion e-tail giant ASOS on Wednesday unveiled a radical plan to restructure its business with some big leadership changes including an MD for the UK and US and another covering Europe and the rest of the world. Through all the numerous changes, there’s a clear theme of bringing commercial and customer functions together.

ASOS

CEO José Antonio Ramos Calamonte’s aim is to create a more joined-up business that has the customer’s needs at its heart. Decision-making should be accelerated and continuous innovation and improvement will be a core focus.

The 25-year-old company also said it has “significantly” reduced its stock levels, as well as improving its product and refinancing debt. That stock levels issue is a key point given how much surplus stock the company held in recent years.

The retailer, which currently has 20 million active customers in more than 200 markets, said the changes are expected to take effect from April.

So, what are the key leadership moves that have been announced? Importantly, the company has expanded Vanessa Spence’s role from executive vice-president of creative. With the firm since 2007, she steps up from ‘only’ leading the design and creative direction for all its owned brands to become EVP brand and creative. That’s a crucial move as it sees its brand and creative strategy coming together.

There there’s the aforementioned creation of MDs for the firm’s key regions. Current VP North America Sean Trend is becoming MD for the UK and US, which is a new role. And its SVP operations Jag Weatherley becomes MD for Europe and the rest-of-world region.

Meanwhile, Michelle Wilson, previously chief of staff and strategy, is now MD of Topshop and Topman and leading a dedicated cross-functional team to ensure the brands prosper as standalone since they were sold last autumn. The brands are now majority owned by Heartland, the holding company of major ASOS shareholder and Bestseller owner Anders Holch Povlsen. But ASOS retains a minority stake and continues to sell the high-profile labels. 

ASOS

Wilson will also be in charge of the ASOS global wholesale division, that takes in its American partnership with Nordstrom in the US, its Indian one with Reliance Retail, and its European one with Bestseller.

Meanwhile, it was also announced that highly experienced Zalando’s software engineering VP Przemek Czarnecki joined ASOS earlier in February as its EVP technology. That role had been held by interim EVP Hugh Williams.

And that’s not the end of the changes. To “better align strategic decision-making and communication”, EVP people experience Ras Vaghjiani’s role is also expanding to become EVP people, communications and strategy. And supporting Vaghjiani will be Rishi Sharma, promoted from interim general counsel and company secretary to SVP corporate affairs and strategy.

The business is also creating product development teams (PDTs) with a focus on strategic priorities such as loyalty and Test & React with each team having an engineering lead partnered with a product manager. It comes as the firm has radically boosted its team of software engineers and product managers.

CEO José Antonio Ramos Calamonte called the news “an exciting new chapter for ASOS” that will better equip it for speedy growth.

The changes come as it fights back from a tough period that has seen its results (and its share price) declining sharply.

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Quiksilver to relaunch womenswear in US and Canada

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February 26, 2025

Authentic Brands Group announced on Wednesday a new partnership with Velocity Global Brands to relaunch Quiksilver’s women’s line in the United States and Canada.

Quiksilver to relaunch womenswear in U.S. and Canada. – Quiksilver

Under the agreement, Velocity will oversee the design, manufacturing, and distribution of the collection, set to debut in spring 2025.

The upcoming line will feature high-quality, timeless, versatile pieces inspired by nature, adventure and the free spirit. The line is expected to include boardshorts, dresses, swimwear, t-shirts, outerwear, woven tops, denim, knitwear, fleece and sweaters. 

“We are thrilled to expand our partnership with Authentic to bring the Quiksilver women’s line back to life,” said Chris Laurita, co-CEO of Velocity Global Brands. 

“Through this launch, we will honor Quiksilver’s rich legacy while looking ahead. We will blend surf culture with refined sophistication, bringing the best of the past and future together.”

In 2023, Authentic inked a partnership with Centric Brands to design, manufacture and distribute kids apparel for Quiksilver, as well as established an agreement with Liberated Brands to be the retail and e-commerce operator for the brand, across North America.

“Velocity has proven time and again its talent for translating brand vision into standout products,” added David Brooks, EVP, action & outdoor sports, lifestyle, Authentic. “We’re eager to work together to drive growth and meet our increasing consumer demand for the Quiksilver brand.”

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Shein reports two child labour cases in 2024 as it increased supplier audits

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February 26, 2025

Fast-fashion retailer Shein found two cases of child labour at its suppliers last year, the same number as in 2023, following more audits of its mostly China-based third-party manufacturers, the company told British lawmakers in a letter.

Reuters

The disclosure by Shein, which is planning an initial public offering in London, was in a February 7 response to questions from a British parliamentary committee. It was written by Yinan Zhu, Shein’s general counsel for Europe, Middle East and Africa, and published late Tuesday.

Shein has faced allegations of worker abuses in its supply chain, and the cross-party Business and Trade Committee questioned Zhu in person in January, following up with letters asking for additional information.

In the letter, Zhu said one of the incidents involved a child aged 11 years and 8 months, whom the audit found spent time during the summer holiday at a factory where her father was the general manager and her mother worked, and “helped with tasks”.

“Nonetheless, and irrespective of these details, we took the issue extremely seriously, including designating the incident as child labour and immediately terminating our relationship with the supplier,” Zhu said in the letter.

The second case was 15 years and 3 months. Zhu also gave the ages of the children Shein previously said it found working at suppliers in 2023 as 15 years and 11 months, and 15 years and 9 months.

Shein conducted around 4,300 audits in 2024, covering about 317,000 workers, up from 4,000 audits in 2023 covering 285,000 workers, according to the letter.

“We take a strict zero tolerance approach to child labour,” Zhu wrote. “We will continue to work tirelessly to ensure that these isolated cases are removed from our supply chain entirely in future, bringing our network of third-party suppliers globally, including in China, Brazil and Turkey, along with us.”

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EU proposes cutting back sustainability laws for companies

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February 26, 2025

The European Commission on Wednesday proposed sweeping changes to EU green rules, scrapping sustainability reporting requirements for thousands of companies and delaying its due diligence policy by a year.

Reuters

Under the proposals, only companies with over 1,000 employees would be obliged to report on their environmental and human rights impact.

The rules currently target firms with over 250 employees, and the commission said the change would exempt 40,000 companies – or 80% of all firms the policy was originally designed to apply to.

The proposals will need to be negotiated and approved by the European Parliament and EU member states.

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