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Rautureau Apple Shoes adopts a new governance structure

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January 12, 2026

Rautureau Apple Shoes is implementing a new organisational structure at the start of 2026. The French footwear specialist announced a dual promotion on January 12, appointing Riccardo Ribolla to the role of chief executive officer and Fabrice Delecolle to the role of deputy chief executive officer.

Riccardo Ribolla and Fabrice Delecolle – Rautureau Apple Shoes

The pair take the helm of the company, previously led by Camilla Schiavone, which develops the No Name and Schmoove brands (the latter unveiling its new ‘Black Sheep’ identity), to be presented from this Tuesday at the Pitti Uomo trade fair in Florence. The company also operates the more accessible Armistice brand, sold through footwear retailers across France.

The duo know the company and its markets well; the group reports having sold 500,000 pairs in 2025. Riccardo Ribolla has been commercial director since 2020, while Fabrice Delecolle joined the Vendée-based company in 2018 as administrative and finance director.

Rautureau Apple Shoes has had to contend with a turbulent footwear market in recent years, in particular discontinuing its premium Freelance label last summer after selling the Jean Baptiste Rautureau brand back to the founding family.

Today, the company, which counts around 1,500 customers worldwide, says it intends to ‘conquer its future’ around its three brands, as stated in a press release. To this end, its development plan focuses on strengthening domestic market share, targeted expansion in Asia and the Middle East, and diversifying into ready-to-wear from 2026 for its flagship No Name brand, which has around 1,000 retailers and accounted for 80% of the pairs the company put on the market last year.

The company does not disclose how its turnover has evolved in recent years, but it “is now organised like a creative start-up, with short decision-making processes, a heightened sense of anticipation and a dynamic of continuous innovation.”

The company states that 18% of its business is generated digitally, and that nearly half comes from exports, notably with No Name, 59% of whose turnover is derived internationally, particularly from markets such as Italy, the Benelux countries, Germany, and Japan. Its presence at the Pitti Uomo trade fair, where the brand will showcase its ready-to-wear collection, should also enable it to scale up.

All the more so as the company’s new management, with the group majority-owned by Xavier Marie’s investment firm Marco Polo, aims to forge new connections with cultural and lifestyle spheres to energise its offer in the coming months.

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Dior names Josh O’Connor as latest brand ambassador

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January 12, 2026

The house of Dior has named UK actor Josh O’Connor to be its latest brand ambassador, joining soccer legend Kylian Mbappé in the brand’s style diplomatic corps.

Josh O’Connor for Dior – George Eyres

 
“Dior is delighted to welcome Josh O’Connor as the new ambassador for Jonathan Anderson’s collections,” the Paris-based house said in a release.
 
The actor had previously been a presence at several runway shows of J.W. Anderson, who was appointed overall creative director of Dior in June 2025.

O’Connor first grabbed attention and international fame with his performance as Prince Charles in hit series The Crown- for which he won a Golden Globe Award for Best Actor .
 
Subsequently, he has garnered critical acclaim in a variety of films, including Luca Guadagnino’s Challengers, in which he wore clothes designed by Anderson in this studied melodrama about competing players and emotions in tennis.
 
O’Connor has also worked with Guadagnino in an ad campaign for Aston Martin, shooting an elegiac road movie short in sun-dried Sicily.

“Josh O’Connor embodies a singular, sensitive, and undeniably modern expression of masculine elegance, perfectly in sync with the contemporary Dior style,” added Dior about the Cheltenham, England-raised thespian.

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Very Group Q1 underlying profitability improves

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January 12, 2026

The Very Group has published its results for Q1 of FY26 (the 13 weeks to late September 2025) and they show the e-tail giant still loss-making but seeing “further improvements in profitability and a return to top-line growth compared to the same period in the prior year”.

The launch of The Very Collection in September 2025 was a key development for Very UK

It comes after what it described as “robust” results for FY25, even though they included a major pre-tax loss linked to a writedown of an inter-company loan made to the then-controlling Barclay family’s holding company as lenders prepared to take over the business.

Now owned by major lender Carlyle and reportedly up for sale, the company said that the market remains challenging but the group saw revenue growth of 2.4% to £460.8 million in Q1. At the star Very UK operation, revenue (which accounts for the bulk of the firm’s total retail sales) rose 3.7% to £406.7 million.

Growth was achieved in both Retail revenue with group sales of goods up 0.9% to £341.3 million and in Finance revenue, which jumped 5.8% to £112.9 million.

The company added that the Very UK operation saw strong results within its higher-margin Home category that rose 10.9% year on year, while its Sports offering increased 12.3% following the introduction of a number of key new brands in the second half of the previous year.

Meanwhile the Toys and Beauty category continue to perform well with 6.4% growth, of which Beauty alone saw 4.1% growth.

That said, Fashion and Sports combined declined 1% in a tough market but, as mentioned, Sports was strong. Parts of the Fashion market were buoyant as well with a 30.1% increase in casual womenswear sales, in part supported by the launch of its new own-brand offering The Very Collection in September 2025. Given that Q1 only ran until the end of that month, it looks likely that the collection will be able to contribute even more in the future.

This all led to gross profit rising to £173.4 million from £163.3 million, or a statutory gross margin rate of 37.6% up 1.3%pts.

It also said that its continued focus on cost controls contributed to a 16.3% increased in pre-exceptional EBITDA to £63.4 million.

That said, it still made a total pre-tax loss of £24.9 million, wider than the £23.1 million loss in the previous year. Similarly, the net loss of £31.4 million was larger than a loss of £23.1 million of the year before, although the company is clearly moving in the right direction on an underlying basis.

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British Land CEO Carter to step down

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January 12, 2026

UK property giant British Land is looking for a new CEO. Simon Carter’s five-year tenure at the top oversaw the firm’s successful pivot to a retail park focus. He’s departing after an 18-year total association to head European logistics properties firm P3 Logistics Parks.

British Land’s Nugent Shopping Park, south London

His departure comes with a 12-month notice period so there’ll be no immediate hurry to sign a replacement.

Carter first joined British Land in 2004, working in several roles across Strategy, Corporate Finance and Treasury before leaving in 2015 to become CFO at Quintain Estates & Development and then Logicor. He returned to British Land as CFO in 2018 and was appointed CEO in 2020.

William Rucker, chairman, said: “I want to thank Simon for his significant contribution to British Land. During his 18 years here across two stints he has achieved a huge amount, and as CEO has positioned the business for future success with a very strong management team and an exceptional London office campus and retail park platform.”

Carter added: “British Land has been a huge part of my professional life, and it has been a privilege to work for such a fantastic business.

“The contrarian calls we made post-pandemic have positioned British Land for long-term success. There is never a perfect time to move on, but I will be leaving the business with market-leading positions in London campuses and retail parks – both of which are benefitting from strong rental growth in supply-constrained markets.”

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