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SurfStitch managing director stepping down this week

Inside Retail

Justin Hillberg, managing director of shared services of SurfStitch-owner Alquemie Group, is stepping down from his role leading the surf brand’s restructure at the end of this week. Hillberg joined SurfStitch as merchandise manager in 2014, before becoming general manager in 2015 and managing director in 2018.

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Jean-François Palus named interim Gucci CEO amid Kering management shuffle

Inside Retail

Gucci’s president and CEO since 2015, Marco Bizzarri, is to leave the brand this September after serving at Kering Group for 18 years. Alongside CEO Bizzarri, Michele oversaw a period of soaring growth between 2015 and 2019, with profits increasing nearly four-fold and revenues almost trebling.

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Retail Food Group settles class action filed by former franchisees

Inside Retail

Headquartered in Queensland, RFG is a multi-brand retail food franchise manager, with brands including Gloria Jean’s, Donut King, Brumby’s Bakery, Michel’s Patisserie, Crust Gourmet Pizza and Beefy’s Pies. The company affirmed this move has no impact on its annual financial results.

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Michael Hill ordered by NSW Supreme Court to pay $2.6 million in damages

Inside Retail

On May 8, 2015, the companies signed another agreement where Gispac would supply small and large bags for Emma & Roe, Michael Hill’s recently launched business back then, for Australia. The company had to shut down six underperforming Michael Hill stores and cut a number of senior management roles to reduce operating costs.

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Alibaba Cloud Unit CEO Steps Down; Freshippo IPO Reportedly Delayed

Retail TouchPoints

Zhang, who had been named CEO in May 2015 , recently narrowed his responsibilities to focus on leading the Alibaba Cloud Intelligence Group, which Alibaba plans to spin off under a separate management team to be appointed at a later date. Alibaba ’s former Chairman and CEO Daniel Zhang has stepped down from his roles with the company.

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With Sights on Global Growth, Draper James Sells Majority Stake

Retail TouchPoints

Consortium Brand Partners (CBP), a consumer-focused investment manager, has acquired a majority ownership stake in Draper James , the fashion and lifestyle retail brand founded by actress Reese Witherspoon. ” Founded in 2015, Draper James is focused on its next era of growth. Financial terms of the deal have not been disclosed.

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The Container Store Names New Digital Chief, SVP of Stores

Retail TouchPoints

Pape joined The Container Store in 2015 and has held several leadership positions within the company, managing store operations and customer experience. As SVP of Stores she will continue to oversee the company’s expanding store fleet and have an increased focus on the Custom Spaces business.