M&S may still be impacted by the spring cyberattack that dented its seemingly unstoppable recovery drive, but its ambitions are undimmed and that includes international growth. Now the company is launching its first non-UK fashion deal in a tie-up with Australia’s David Jones.
M&S/David Jones
Its deal with the upmarket department stores chain is part of its overall plan to grow sales outside of its core UK market.
David Jones said online: “Introducing M&S – exclusive to David Jones. A UK favourite, now for the first time in Australia. Known for its quality, comfort and trusted fit, M&S has arrived with a curated collection of lingerie and sleepwear — including the coveted Rosie by M&S, designed by Rosie Huntington-Whiteley. From everyday essentials to elegant lace and silk pieces, experience why this beloved British brand is a go-to for women across the UK. Available online and in selected stores.”
Reports said that as well as the lingerie, it will sell women’s and menswear in 24 David Jones department stores and online. The chain has 40 stores in total across Australia and New Zealand.
“This is a market which has always shared longstanding and strong links with the UK and where brand recognition is high,” M&S MD of international, Mark Lemming, told The Times. “With a shared set of values surrounding quality, innovation and trust, David Jones is the perfect partner as we take our first venture into a partnership in fashion.”
As he said, it’s a first for M&S as its fashion division hasn’t previously entered such a wholesale partnership with another retailer. But it underlines how well respected the company’s fashion is, no longer seen as ‘just’ an own-brand, it also has a life beyond the confines of M&S’s stores and webstore.
As Lemming’s comments show, Australia is seen as a natural market for the brand to try out the idea and awareness of the label exceeds 50% among Australians, it said. That also suggests that a successful initial period could see the deal getting bigger.
M&S has had a checkered history with its international ops, opening and then exiting Canada as well as Western Europe, as well as making ultimately unsuccessful acquisitions abroad such as Brooks Brothers.
Its more recent moves have proved more successful but were still loss-making in its latest financial year. Yet CEO Stuart Machin has called out non-UK ops as a major “growth opportunity”. It has a major deal with Reliance Retail in India and it has a longstanding franchise deal with Al-Futtaim across the Middle East. It has also been re-entering European markets.
The demerger of Unilever‘s ice cream division, to be named ‘The Magnum Ice Cream Company,’ which had been delayed in recent months by the US government shutdown, will finally go ahead on Saturday, the British group announced.
Reuters
Unilever said in a statement on Friday that the admission of the new entity’s shares to listing and trading in Amsterdam, London, and New York, as well as the commencement of trading… is expected to take place on Monday, December 8.
The longest federal government shutdown in US history, from October 1 to November 12, fully or partially affected many parts of the federal government, including the securities regulator, after weeks without an agreement between Donald Trump‘s Republicans and the Democratic opposition.
Unilever, which had previously aimed to complete the demerger by mid-November, warned in October that the US securities regulator (SEC) was “not in a position to declare effective” the registration of the new company’s shares. However, the group said it was “determined to implement in 2025” the separation of a division that also includes the Ben & Jerry’s and Cornetto brands, and which will have its primary listing in Amsterdam.
“The registration statement” for the shares in the US “became effective on Thursday, December 4,” Unilever said in its statement. Known for Dove soaps, Axe deodorants and Knorr soups, the group reported a slight decline in third-quarter sales at the end of October, but beat market expectations.
Under pressure from investors, including the activist fund Trian of US billionaire Nelson Peltz, to improve performance, the group last year unveiled a strategic plan to focus on 30 power brands. It then announced the demerger of its ice cream division and, to boost margins, launched a cost-saving plan involving 7,500 job cuts, nearly 6% of the workforce. Unilever’s shares on the London Stock Exchange were steady on Friday shortly after the market opened, at 4,429 pence.
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Burberry has named a new chief operating and supply chain officer as well as a new chief customer officer. They’re both key roles at the recovering luxury giant and both are being promoted from within.
Matteo Calonaci becomes chief operating and supply chain officer, moving from his role as senior vice-president of strategy and transformation at the firm.
In his new role, he’ll be oversee supply chain and planning, strategy and transformation, and data and analytics. He succeeds Klaus Bierbrauer, who’s currently Burberry supply chain and industrial officer. Bierbrauer will be leaving the company following its winter show and a transition period.
Matteo Calonaci – Burberry
Meanwhile, Johnattan Leon steps up as chief customer officer. He’s currently currently Burberry’s senior vice-president of commercial and chief of staff. In his new role he’ll be leading Burberry’s customer, client engagement, customer service and retail excellence teams, while also overseeing its digital, outlet and commercial operations.
Both Calonaci and Leon will join the executive committee, reporting to Company CEO Joshua Schulman.
JohnattanLeon – Burberry
Schulman said of the two execs that the appointments “reflect the exceptional talent and leadership we have at Burberry. Both Matteo and Johnattan have been instrumental in strengthening our focus on executional excellence and elevating our customer experience. Their deep understanding of our business, our people, and our customers gives me full confidence that their leadership will help drive [our strategy] Burberry Forward”.
Traditional and occasion wear designer Puneet Gupta has stepped into the world of fine jewellery with the launch of ‘Deco Luméaura,’ a collection designed to blend heritage and contemporary aesthetics while taking inspiration from the dramatic landscapes of Ladakh.
Hints of Ladakh’s heritage can be seen in this sculptural evening bag – Puneet Gupta
“For me, Deco Luméaura is an exploration of transformation- of material, of story, of self,” said Puneet Gupta in a press release. “True luxury isn’t perfect; it is intentional. Every piece is crafted to be lived with and passed on.”
The jewellery collection features cocktail rings, bangles, chokers, necklaces, and statement evening bags made in recycled brass and finished with 24 carat gold. The stones used have been kept natural to highlight their imperfect and unique forms and each piece in the collection has been hammered, polished, and engraved by hand.
An eclectic mix of jewels from the collection – Puneet Gupta
Designed to function as wearable art pieces, the colourful jewellery echoes the geometry of Art Deco while incorporating distinctly South Asian imagery such as camels, butterflies, and tassels. Gupta divides his time between his stores in Hyderabad and Delhi and aims to bring Indian artistry to a global audience while crafting a dialogue between designer and artisan.