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Rooney Mara become new face of Calvin Klein fragrance Friday, 17th May 2013
Hollywood actress Rooney Mara has been unveiled as the new face of Calvin Klein’s newest fragrance, Downturn, and the company estimate that the fragrance could accumulate USD 120 million in retail sales globally. The company have said that they hope the fragrance will rival its flagship women’s scent, Euphoria, which has proved particularly popular with customers.
B&Q exits examinership with approval from the High Court in €2.4m investment plan Tuesday, 7th May 2013
B&Q Ireland has exited the examinership today with the High Court approval in the investment plan that retained 640 jobs that were potentially under threat. However, during the procedure its Waterfords store closed after being unviable resulting in 47 employees becoming redundant.
Stephane Linder named new Tag Heuer CEO Tuesday, 7th May 2013
Stephane Linder is set to become the new chief executive of watch brand Tag Heuer, owners LVMH Moet Hennessy Louis Vuitton confirmed on Tuesday. Taking effect on 1 June, Linder will be replacing Jean-Christophe Babin, who stepped down earlier this year to take over Italian jewellery company Bulgari, after their former chief executive Michael Burke became the new boss of Louis Vuitton.
Sainsbury’s chief Justin King “not planning on going anywhere” Monday, 29th April 2013
Sainsbury’s chief executive Justin King was forced to play down reports over the weekend that he could be preparing to leave the retailer. King, who had led the UK’s third-biggest supermarket since 2004, rubbished claims that he could be in line to replace Bernie Ecclestone as chief executive of Formula One, or Marc Bolland as boss of Marks & Spencer.
New chief executive for Ben Sherman Friday, 19th April 2013
Iconic British clothing company Ben Sherman has appointed Mark Maidment as its new chief executive. Maidment has worked with Ben Sherman since 2002, and as the brand’s creative director from 2005. Having played a key role in repositioning the brand into more premium channels, Maidment has said to have helped evolve the Ben Sherman label for a modern audience.
Selfridges charging suppliers for having their invoices settled Monday, 15th April 2013
Selfridges has been criticised after it was revealed that it was reportedly charging its suppliers a minimum of 3 per cent of their invoice values in exchange for the department store paying bills within 60 days. The suppliers have also been told that they can give up 5 per cent of their invoice to recieve their payment within 21 days or 4 per cent to be paid within 30 days.