In this video, fashion brand Enfants Riches Déprimés has presented its FW21 collection entitled 'Xeropittura' at Paris Fashion Week (PFW).
Watch the video below.
Do you want to see more FW21 clothing collections? Click here to view the FashionUnited Marketplace.
Video: Enfants Riches Déprimés via YouTube
Photo credit: Paris Fashion Week
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Women shirts & amp; Pajamas and versatile Fashion of Amazon and Alibaba., fashion, Facebook,youtube, instagram, tweeter and google
Saturday, March 13, 2021
Friday, March 12, 2021
Video: Chanel FW21 collection at PFW
In this video, French fashion house Chanel has presented its FW21 collection at Paris Fashion Week (PFW).
Watch the video below.
Do you want to see more FW21 clothing collections? Click here to view the FashionUnited Marketplace.
Video: Chanel via YouTube
Photo credit: Chanel, Facebook
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Video: Christian Dior FW21 collection
In this video, French fashion label Christian Dior has presented its FW21 collection at Paris Fashion Week (PFW).
Watch the video below.
Do you want to see more FW21 clothing collections? Click here to view the FashionUnited Marketplace.
Video: Christian Dior via YouTube
Photo credit: Paris Fashion Week
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Video: Ellery FW21 collection at PFW
In this video, luxury womenswear fashion label Ellery has presented its FW21 collection at Paris Fashion Week (PFW).
Watch the video below.
Do you want to see more FW21 clothing collections? Click here to view the FashionUnited Marketplace.
Video: Ellery via Vimeo
Photo credit: Paris Fashion Week
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Thursday, March 11, 2021
Hugo Boss sales decline, expects recovery towards second half of 2021
In the fourth quarter of 2020, currency-adjusted sales for Hugo Boss decreased by 26 percent, corresponding to a sales decline of 29 percent in group currency to 583 million euros. The company said in a statement that despite the significant sales decrease, Hugo Boss was able to record a positive EBIT of 13 million euros compared to 124 million euros in the fourth quarter of 2019. The company recorded a currency-adjusted sales decline of 31 percent in fiscal year 2020, while in group currency, sales decreased by 33 percent to 1,946 million euros.
“For Hugo Boss, 2020 was undoubtedly a challenging year. I am proud that we have managed to overcome the many challenges of the pandemic, ending the year with a positive free cash flow,” said Yves Müller, Spokesperson of the managing board of Hugo Boss AG, adding, “We have made significant progress along the execution of our strategic initiatives – especially in the important online business, and in China. Although the pandemic continues to have a severe impact on our business in the short term, I am highly confident when it comes to the further recovery of our business in the course of the year.”
Review of Hugo Boss FY20 results
The group’s own retail business and its wholesale business recorded double-digit sales declines in fiscal year 2020. On average, around 20 percent of the company’s more than 1,000 own points of sale globally were closed in 2020. From a brand perspective, the company added, decline in sales was slightly lower for Hugo than for Boss, with both brands’ casualwear offerings performing significantly better than formalwear.
The company saw its own online business performed very strongly, with a currency-adjusted sales increase of 49 percent. Hugo Boss has managed to break the 200 million euros mark with its annual online sales for the first time in its history. This was also supported by the successful expansion of the company’s online flagship store to 32 additional markets. During the second quarter, the company was able to return to its double-digit growth trajectory in China and managed to keep this momentum throughout the remainder of the year. Overall, currency-adjusted sales in mainland China grew by 5 percent in 2020. Overall, at 343 million euros, currency-adjusted sales in Asia/Pacific came in 20 percent below the prior-year level.
In Europe, currency-adjusted sales were down 31 percent to 1,231 million euros, while currency-adjusted sales in Americas decreased by 42 percent to 308 million euros in fiscal year 2020. Currency-adjusted sales in the company’s own retail business declined by 30 percent to 1,279 million euros and on a comp store and currency-adjusted basis, sales were down 32 percent on the prior year level. Amounting to 221 million euros, online sales were up 49 percent on the prior-year level, currency-adjusted. In the wholesale business, HUGO BOSS recorded a currency-adjusted sales decline of 34 percent to 603 million euros in fiscal year 2020, while the license business recorded a currency-adjusted sales decrease of 23 percent to 64 million euros. While BOSS recorded a currency-adjusted sales decline of 32 percent, sales at Hugo were down 27 percent, currency-adjusted.
Hugo Boss Q4 performance in core markets
Currency-adjusted sales in Europe decreased by 32 percent to 327 million euros over the three-month period, in the Americas, decline in sales was limited to 28 percent. Due to another quarter of strong double-digit 24 percent sales increase in mainland China, overall sales in Asia/Pacific, at minus 3 percent, came in only slightly below the prior-year level to 124 million euros.
Currency-adjusted sales in company-owned retail were down 24 percent, amounting to 418 million euros, while comp store sales declined by 28 percent, currency-adjusted. At 80 million euros, currency-adjusted online sales were up 33 percent on the prior-year level. In the wholesale business, currency-adjusted sales declined 33 percent to 143 million euros, while sales in the license business decreased by 16 percent to 22 million euros. While Boss recorded a decrease in currency-adjusted sales of 27 percent in the fourth quarter, the decline for Hugo was 23 percent.
Hugo Boss expects recovery towards the second half of the year
The company expects that particularly the first quarter of 2021 will still be significantly impacted by the negative implications of the pandemic. At the same time, Hugo Boss expects its global business to recover noticeably in the further course of the year.
The company currently expects that group sales in 2021 will be significantly above the level of 2020. Also for the operating result (EBIT) and the group’s net income, the Company forecasts a strong increase as compared to the prior year.
The managing and supervisory boards of Hugo Boss intend to propose to the annual shareholders’ meeting to only pay the legal minimum dividend of 0.04 euros per share for fiscal year 2020.
Image: Hugo Boss, Facebook
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Part 1 of 3: A conversation of race & fashion
Part one of three, the podcast Fashion: No Filter gives the mic to Henrietta Gallina, an advocate, creative director and co-host of popular podcast 'The Conversations', who shall be leading the discussion throughout the series.
In this edition of the series, Henrietta sits down with digital creator Tamu McPherson, and BET Style Director Danielle Prescod. The three discuss their own individual experiences as black women creatives in fashion. The one-hour and 25 minute conversation brings to light systemic racism in the industry and new perspectives, interpretations and potential solutions to fix the issue.
Image: Andrea Piacquadio / Pexels
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Video: Beautiful People FW21 collection
In this video, LA-based fashion house Beautiful People has presented its FW21 collection at Paris Fashion Week (PFW).
Watch the video below.
Do you want to see more FW21 clothing collections? Click here to view the FashionUnited Marketplace.
Video: IMAXtree.tv via YouTube
Photo credit: Paris Fashion Week
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Wednesday, March 10, 2021
Farfetch unveils Ramadan capsule collection with 30 designers
Farfetch has unveiled a new capsule collection for Ramadan featuring exclusives from 30 Middle Eastern and international designers.
The edit places a spotlight on modest wear and features more than 200 exclusive styles from designers including Oscar de la Renta, J.W. Anderson, Marchesa, Carolina Herrera, Tory Burch and Dion Lee, as well as regional brands such as Sandra Mansour, Sem Sem, Bambah and Shatha Essa,
The collection for Ramadan and Eid combines both “classic favourites with looks right off the runway,” as well as pieces that blend traditions and global influences, explains Farfetch, offering comfort and elegance.
Styles include tailored suiting, striking kaftans and modest evening dresses to luxe loungewear.
Edward Sabbagh, managing director of Farfetch Middle East, said in a statement: “For the coming Ramadan season, we wanted to ensure we could deliver a take on modesty with an ‘Only on Farfetch’ angle by working with a variety of global and local brands across core categories that we know to be in demand during the period.
“At Farfetch we aim to curate the customer journey to their needs and keep exclusive options fresh and unique. We listen, we study the customers shopping trends and we react to it in what we believe to be the best fusion of supply and culture.”
Other designers involved in the exclusive edits include Annoushka, As29, Astley Clarke, Baruni, Chopard, David Morris, David Yurman, Dolce and Gabbana, Elle B Zhou, Golden Goose Kids, Karl Lagerfeld, Nicholas Kirkwood, Off-White, Pinko, Proenza Schouler, Pucci, Rasario, Stella McCartney Kids, Taller Marmo, and Yoko London.
Images: courtesy of Farfetch
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Digital Director of ELLE Spain's roadmap of digital transformation in fashion
The Covid-19 pandemic has changed the roadmap of the fashion industry, making digital transformation a top priority. What will happen to printed magazines? How do you make yourself stand out on the web? How do you win over the new generations? These are some of the keys that Amaya Ascunce, the current Digital Director of ELLE Spain, has revealed to us. A digital guru and literary critic from Navarre. Take due note of her answers, because sometimes a crisis can become an opportunity.
You started out as an editor. How did you take the leap to the digital world? And to the fashion world?
I started in printed form with beauty and health, but during my degree I did the final project for a newspaper in html. That was a rare occurrence in 2001, as there weren't many people who knew how to programme, and although as a journalist I didn't need it, it has always been a plus that has helped me to do many things on my own and to understand processes and possibilities. I came to fashion through beauty, since they are closely related in magazines.
Have you always been aware of the potential of the internet?
I have always loved the digital environment. I'm what's called a heavy user, anything they launch gets me hooked. I love trying out formats, networks, surfing for hours... And I've always thought that it has a great power. Above all, it allows you to produce content at a very low cost and reach a large audience if you have something interesting to say.
It also allows you to create a lot of niche content. Someone who is very fond of one subject can get in touch with another person on the other side of the world who also likes jasmine-based perfumes. The problem is how mainstream media with expensive structures and production costs fit into this scheme. The chessboard has changed.
How has the pandemic changed the future scenario for fashion magazines?
Printed fashion and non-fashion magazines are suffering a lot. Advertising has plummeted at a time when there was already a crisis in the sector due to the fall in printed copies. It also makes it very difficult to produce stories, and the pandemic is forcing us to adapt much more quickly.
That being said, I think they will always exist, but they have to become luxury items. Something similar to what happened with vinyl. They are still sold but it is the minority, special, key piece... And then streaming reaches the masses. I don't think the future is only on the web, and even less so if the web is free. Unlimited free content is not sustainable indefinitely.
It seems that the pandemic has also slowed down the pace of fashion shopping. Do you think it's an illusion or a trend that's here to stay?
I think it’s the same as the printed magazine sector. It’s the result of two crises. Saturation began to emerge from excess buying, collections, clothes that we throw away... And the pandemic has shown us that we don't need to wear something new every week.
Although I think that when things get back to normal, there will be more clothing bought than now, of course. Everyone wants to wear crazy things: mini skirts, pink tones, lots of feathers... After so many leggings and tracksuits, it's normal.
Generation Z was born with a tablet under their arm. How would you define them as fashion information consumers?
I think they have a different ideal body image. You only have to look at the strong bodies of singers who are the stars of these generations. This also changes fashion, the way of dressing and even the functions of clothing.
They seem to be freer, and what they ask of fashion allows them to adapt it more than previous generations. Besides, it seems to me that there are no longer any boundaries: genres, influences, tribes... Everything seems more mixed.
Does this generation read in print?
I don't think they read newspapers or magazines and I have my doubts about books. I think they read a lot but not in print.
What are the keys to a good digital strategy?
This question is complicated because it is one thing to have an audience and another to have revenue. The key for the audience is to have good content. Something true, good stories, and being clear and loyal to those who read about you. That makes people share you, follow you, even if Google changes its algorithm. Facebook makes you pay to boost your visibility and Instagram only wants you to do reels...
If you do it well, the public follows you. The problem is profitability. I don't have the key but I think it's a kind of Spotify of the media. One part free and access to a lot of more exclusive content with a paywall. And at the moment, that includes a lot of video. We're not just talking about articles, of course, but also podcasts.
What do you think about Big Data?
Every now and then there's a boom on the Internet. We've gone from influencer marketing to big data now. I think it's useful and very interesting but you have to know what it’s for and how to manage it. It's the same as with influencers, all brands launched campaigns but many realised what they were or not interested in, or their audience didn't follow them, or they didn't manage to change...
They are tools but you have to know if they are useful for your product. Hype is not always for everyone. Or not just in any way. That said, what could be more interesting than having access to an audience that is looking for you or wants to buy from you? Well done, it will be very useful.
What advice would you give to a brand that is just starting out and wants to go 100 percent digital?
I think that the most important thing is for them to have their own game board. That they use the different tools to reach their client (networks, Google, Seo, Sem, whatever) but that they have their own home (a website for example, something that belongs to them and on which they can build in the long term). There are people who only have something on IG, for example, and they change the algorithm to show you your fans and you stop seeing 80 percent of them. You must have alternatives. And the next thing is to be very honest and sincere. The Internet doesn't allow for smoke and mirrors because you always get feedback.
Your first book started from a blog. Would you say that in a way the internet has been your patron?
For me it has been an incredible tool that has allowed me to reach an audience that would otherwise have been impossible. And all this from my home, with a tacky design and a laptop. And those followers opened the doors of a publishing house like Planeta for me.
I think you have recently made your debut in the world of newsletters. Why do you think this new way of communicating is proving so successful?
Yes, it's called "Leer por leer" (https://amayaascunce.substack.com/), and I already have more than 3000 subscribers. I think there is a boom now (like podcasts) because they are a very good tool for creators. It allows you freedom and also has the advantage of not depending on networks or Google to reach people where the mainstream media play hard and small creators find it more complicated.
What’s more, newsletters allow payment by subscription. In the United States there are writers who make a living from that. I think that free quality content is something that is going to disappear, or at least in part. Because creators need to make a living from their work. In my case it's more of a hobby. I love reading and I feel like writing and the newsletter allows me to set the rules for frequency, content... And also, I don't depend on social networks.
What do you like most about social networks? And what do you like the least?
What I like most is that they put people in contact with each other. I have met many people and have great friends thanks to social networks. Also, they give a small person a big voice. But in general I would say that I don't like them. They are created to spend a lot of time on them, and I think they are a great source of dissatisfaction. Things aren’t always what they seem. It happens to all of us.
I myself always end up posting pretty things... It's OK, I'm 42 years old... But sometimes I think how a teenager can live with the pressure of seeing all the faces with filters. And then look at herself in the mirror. Life is not social networks. Not at all. Maybe in a couple of generations we'll know how to use them better.
Give us a digital forecast for 2021...
I'm not very good at being a guru... I said in 2008 that Facebook was finished, so imagine that! But well, I'm going to go for it. I think there will continue to be a boom in video, and more so in streaming. The younger generations consume a lot of video. Podcasts are going to have a lot of advertising investment and in Spain newsletters are going to have a lot of readers. Let's see if I get it right this time, or at least a bit more than in 2008. I think we are living in a moment in which everything has to be real, of course. In digital, on paper, on a catwalk, or even in my own newsletter... People want true stories.
This article was originally published on FashionUnited.ES
Crédito de foto: Amaya Ascunce, Freepik.
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Video: Auralee FW21 collection at PFW
In this video, Japanese fashion brand Auralee has presented its FW21 collection at Paris Fashion Week (PFW).
Watch the video below.
Do you want to see more FW21 clothing collections? Click here to view the FashionUnited Marketplace.
Video: Vrai Magazine via YouTube
Photo credit: Paris Fashion Week
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Tuesday, March 9, 2021
Vince Holding Corp names Jack Schwefel new CEO
Vince Holding Corp, the US fashion group that owns brands Vince, Rebecca Taylor and Parker, has announced the appointment of Jack Schwefel as its new CEO, effective March 29.
Schwefel, who will be based at the company’s New York headquarters, succeeds David Stefko who has served as interim CEO since August 28, 2020. Stefko will stay on as executive vice president and chief financial officer.
Prior to joining Vince was the CEO of US retailer Cost Plus from 2017 to 2021, where he was credited with transforming the business with a focus on omnichannel performance, data-driven merchandising and marketing and partnerships.
He also spent several years as CEO at Dutch Fashion LLC, where he initially joined as a board member in 2012. There, he helped expand the retail division across all three of Dutch Fashion’s labels: Joie, Equipment and Current/Elliott.
Earlier still in his carrier, Schwefel held a range of senior management positions at multiple brands, including Gap, Esprit, Kohl’s.
Vince Holding Corp chairman of the board Marc Leder thanked Stefko for his leadership as interim CEO and welcomed Schwefel to the permanent position.
“We are delighted to announce the appointment of Jack as the CEO of Vince Holding Corp. His strong track record of driving profitable growth combined with his expertise in developing and implementing omnichannel strategies will be ideal to continue to grow Vince,” Leder said in a statement.
Schwefel commented: “I am thrilled to be joining the Company at this exciting time as we execute the next phase of growth for the Vince brand and continue to advance the progress made at Rebecca Taylor. These are two incredible brands with tremendous potential, which are supported by extraordinary creative leadership.
“I look forward to working with the teams to further strengthen the foundation and drive the strategies to deliver long term profitable growth for our shareholders.”
Image: Vince, Facebook
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Mango swings to full-year loss as sales drop 22 percent
Spanish fashion retailer Mango has swung to a full-year loss after its sales fell 22 percent amid the pandemic.
For the 2020 fiscal year, the company reported a loss of 110 million euros compared to a profit of 41 million euros a year earlier.
Sales fell to 1.84 million euros compared to 2.37 million euros for the previous year, as store closures and limited opening hours impacted the business.
Sales from physical stores plummeted by 43 percent during the period, though that was slightly offset by a 36 percent increase in online income to 766 million euros. Online sales represented 42 percent of total group turnover compared to 24 percent for 2019.
That online growth was particularly strong in some of the company’s major markets, such as France, Italy and Portugal.
The company has previously announced a target to achieve online turnover of 1 billion euros in 2021.
Breaking sales down by geographical regions, the group’s international activity represented 79 percent of the total, while its home Spanish market represented 21 percent. By business lines, Man, Kids and Violeta continued to account for 18 percent of total sales.
Post IFRS-16 EBITDA stood at 193 million euros.
Mango CEO Toni Ruiz described the year as “absolutely exceptional and unpredictable”.
“Thanks to the major commitment Mango has made to its online channel over the last 20 years, we have succeeded in it representing 42 percent of our total turnover in 2020, which is an extraordinary figure in our sector and a huge competitive advantage for our company,” he said in a statement.
“We have achieved reasonable turnover levels bearing in mind the context and we have accelerated the digital transformation of the company even further. I would like to emphasise the huge effort made by the best team we could wish to have. Thanks to all our employees, the financial and organisational structure of the company remains very solid.”
Image: Mango
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Creatives Wants Change calls on Black teens to apply for fashion scholarship
“I am a unicorn. I should not be here,” says Randy Cousins, SVP of Product Design at Tommy Hilfiger, of being a Black creative in the fashion industry. During last summer’s Black Lives Matter uprising while in conversation with friend Joe Medved, founder of recruiting firm Joe’s Blackbook and the annual scholarship competition, and Matthew Kane, Design Manager at Club Monaco, they had an impactful realization: They couldn’t name five Black creative directors working in their industry.
That conversation led to the formation of the non-profit Creatives Want Change. Says Cousins, “CWC will incubate high school level talent, offering support and guidance as they progress through the career pipeline. The support begins by linking Black talent with established pre-college programs to unleash their creative genius. This development will bring us one step closer to increased representation of Black creatives in our industry.” Creatives Want Change is currently putting out the call for applications ahead of the March 15 deadline for those wishing to apply for a scholarship.
“To this day, college is still a rule or rite of passage to be a leader in this industry,” says Cousins. “But for many kids of color, this is a North Star.” While the industry is being urged to hire more Black talent, the talent pool itself has never been filled. Without addressing this most fundamental problem, there will be no long-term solution to the industry’s lack of equity and diversity. “Being a merchant or designer is one of the best kept secrets,” says Cousins. “But opportunities aren’t meant to be a secret.”
Young Black talent unaware of opportunities in fashion industry
Marcus LeBlanc, Global Creative Design Director at The North Face, who is one of the mentors of Creatives Want Change, says, “I was actually Resident Advisor at the Otis College of Art and Design precollege program in the early 2000’s, I saw the positive impact that exposure to higher education had on the students. These programs are expensive and there is a likelihood that Black students aren’t even aware of their existence. The fashion industry, design in particular, has an unfortunate underrepresentation of Black voices and I believe this is a smart way to work towards positive change.” Other advocates attached to Creatives Want Change include Maxwell Osborne, co-founder of Public School, Ernest Adams, SVP Talent at Ralph Lauren, Keisha Golding, Head of Community Belonging at Gap Inc.
In partnership with 7 top fashion schools––New York City’s Parsons School of Design, and Fashion Institute of Technology; Rhode Island School of Design; Savannah College of Art and Design, Academy of Art University in San Francisco; California College of the Arts, Otis College of Art and Design in Los Angeles––Creatives Want Change will provide funding for high-school level students with a desire to enter the industry and pair them with one of the institutions. Programs commence this summer and candidates do not require a portfolio to apply. The scholarship covers the full cost of tuition and supplies. Recipients will be announced at the beginning of April.
Creatives Want Change see the relationships continuing through the students’ college years, and corporate careers, and its founders are grateful that the pause forced upon us by the pandemic has helped bring universal focus on racial injustice. Systemic racism is not confined to the US and they believe Creatives Want Change could eventually go global. As they prepare to welcome the inaugural batch of talent this summer, says Kane “If we start now, we can really be reshaping the field of design. This is just the start.”
Photos of Randy Cousins, Joe Medved and Matthew Kane provided by Creatives Want Change
Fashion editor Jackie Mallon is also an educator and author of Silk for the Feed Dogs, a novel set in the international fashion industry
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Monday, March 8, 2021
Exor snaps up 24 percent stake in Christian Louboutin
Exor, the European holding company controlled by the Agnelli family, has acquired a 24 percent stake in Christian Louboutin for 541 million euros.
The investment will help the luxury footwear brand expand geographically, with a particular focus on the Chinese market, Exor said in a release. It will also help the company develop its multi-channel distribution strategy, in part by extending its existing digital and e-commerce platforms.
Fashioned designer Christian Louboutin [pictured] founded his eponymous label in Paris in 1991 alongside Bruno Chambelland. Since then, the business has grown into one of the world’s leading global luxury brands, known worldwide for its iconic red-soled shoes, and controlling an international network of 150 directly operated retail stores located in 30 countries.
Exor said the deal, which is expected to close in the second quarter of 2021, comes at a moment when Louboutin is “poised to capture significant new opportunities”.
Louboutin secures Exor as shareholder
“I have admired over the years Christian’s talent in creating one of the world’s great, independent global luxury brands,” said Exor chairman and CEO John Elkann in a statement. “Today, we’re very excited to be joining him, Bruno and their fantastic team to work together to accelerate the development of this ambitious company.
“We share the same family spirit, culture and values, which are the basis of a strong partnership. Christian Louboutin’s extraordinary creativity, energy and unique vision are precisely the qualities needed to build a great company.”
Alongside the investment, Exor will nominate two of the seven members of Louboutin’s board of directors.
Founder Christian Louboutin said a search for an associate that “should respect our values, be open-minded and should have an ambitious, young dynamism” led to Exor.
“And so it became clear that Exor would be the ideal partner with whom we would continue the Louboutin adventure, which began just 30 years ago,” Louboutin said. “We are, as is my entire team, very happy with this union and we would like to thank John and the Exor team for having taken such great care to understand the human history of our Maison in order to be able to accompany us well for the decades to come.”
Read more:
* Christian Louboutin: a six-inch heel is a form of freedom
Image: courtesy of Christian Louboutin
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HanesBrands appoints chief compliance officer
HanesBrands has appointed Tracy Preston as general counsel, corporate secretary and chief compliance officer, effective March 29, 2021. The company said, Preston brings more than 25 years of experience in leading corporate legal teams and serving in international law firms. She will be responsible for HanesBrands’ global legal and compliance functions and will report to Chief Executive Officer, Steve Bratspies.
“Tracy is a strategic leader with extensive experience in apparel, retail and e-commerce, and I am pleased she’s joining the HanesBrands team,” Bratspies said.
Preston joins HanesBrands from The Neiman Marcus Group, where she was executive vice president, chief legal officer, corporate secretary and chief compliance officer. Prior to joining Neiman Marcus in 2013, Preston worked for Levi Strauss & Co., where she held a number of senior legal positions, including chief counsel, global supply chain; chief compliance officer; and chief counsel, global human resources and litigation. Earlier in her career, Preston was a partner at Orrick Herrington and Sutcliffe, an international law firm founded in San Francisco.
Preston holds a bachelor’s degree from Georgetown University and a juris doctorate degree from the University of Virginia School of Law.
“HanesBrands has iconic brands, a strong commitment to sustainability and a passionate team of 61,000 associates. This is an exciting time for the company, and I’m thrilled to be a part of helping the company unlock its full potential,” added Preston.
Image: Tracy Preston, Business Wire
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HanesBrands appoints chief compliance officer
HanesBrands has appointed Tracy Preston as general counsel, corporate secretary and chief compliance officer, effective March 29, 2021. The company said, Preston brings more than 25 years of experience in leading corporate legal teams and serving in international law firms. She will be responsible for HanesBrands’ global legal and compliance functions and will report to Chief Executive Officer, Steve Bratspies.
“Tracy is a strategic leader with extensive experience in apparel, retail and e-commerce, and I am pleased she’s joining the HanesBrands team,” Bratspies said.
Preston joins HanesBrands from The Neiman Marcus Group, where she was executive vice president, chief legal officer, corporate secretary and chief compliance officer. Prior to joining Neiman Marcus in 2013, Preston worked for Levi Strauss & Co., where she held a number of senior legal positions, including chief counsel, global supply chain; chief compliance officer; and chief counsel, global human resources and litigation. Earlier in her career, Preston was a partner at Orrick Herrington and Sutcliffe, an international law firm founded in San Francisco.
Preston holds a bachelor’s degree from Georgetown University and a juris doctorate degree from the University of Virginia School of Law.
“HanesBrands has iconic brands, a strong commitment to sustainability and a passionate team of 61,000 associates. This is an exciting time for the company, and I’m thrilled to be a part of helping the company unlock its full potential,” added Preston.
Image: Tracy Preston, Business Wire
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