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Wednesday, 1 May 2019
Alannah Weston Named Chairman of Selfridges Group
LONDON – Alannah Weston is moving up, becoming chairman of Selfridges Group, a role previously held by her father, W. Galen Weston, who will become chairman emeritus of the family-owned group. Selfridges said Wednesday that Weston’s promotion is part of a planned succession within the family business. The change will take effect immediately. In addition to Selfridges, the group includes Brown Thomas and Arnotts in Ireland, Holt Renfrew in Canada, and de Bijenkorf in the Netherlands. The group said Weston, who until now had served as deputy chairman, will oversee Selfridges Group’s commitment to “significant investment” across all of its banner businesses, and continue the retailer’s leadership in the area of sustainability. Weston will also work closely with the recently announced leadership team to position the business for continued growth. As reported last October, Selfridges promoted its top managers just weeks after the firm reported an 11.5 percent uptick in 2017-18 revenues to 1.75 billion pounds. Paul Kelly became managing director of Wittington Property Investments in the U.K. and Europe, responsible for the development of the group’s portfolio of properties. Anne Pitcher succeed Kelly as managing director of Selfridges Group, while Simon Forster replaced Pitcher as managing director of Selfridges & Co., overseeing its four stores in the U.K. andFollow WWD on Twitter or become a fan on Facebook.
from WWDWWD http://bit.ly/2DI4YMB
Tuesday, 30 April 2019
Holt Renfrew’s Mario Grauso Talks Growth
After sitting back and watching competitors enter its territory, Canada’s Holt Renfrew is renovating, modernizing and embracing the creme de la creme of the luxury market. “Catching up is really the way to say it,” Mario Grauso, the president of Holt Renfrew, told WWD. “We were a little behind for a certain amount of time. Now we are getting to the place we should have been a few years ago.” For the Toronto-based Holt Renfrew, “catching up” means investing in the business — $400 million Canadian for a spectrum of brick-and-mortar, e-commerce, omnichannel and technology projects that began in 2017 and conclude in 2020. It also means defending the home turf. Long the only upscale department store in Canada, the 182-year-old Holt Renfrew has since the Nineties witnessed luxury retailers from Tiffany to Prada trickling into downtown Vancouver and onto Bloor Street and Yorkville Avenue in Toronto, and in the past four years, Nordstrom and Saks Fifth Avenue have planted stores in Toronto, Calgary, Ottawa and Vancouver. In Canada, Nordstrom has six stores and Saks has three. Asked about the impact of Nordstrom and Saks, Grauso replied: “Our volume has only gone up. We have heavily differentiated in this market. That is our approach. ItFollow WWD on Twitter or become a fan on Facebook.
from WWDWWD http://bit.ly/2UNRNzu
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