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Zambrero founder sues former CEO

Inside Retail

A former medical student turned entrepreneur, Prince founded Zambrero in 2005 and brought Cook on board four years later. The company is seeking an injunction to have Stuart and Samantha Cook “permanently restrained” from making statements about his role at Zambrero. Stuart and Samantha Cook’s lawyer is Marlia Saunders at Thomson Geer.

Finance 259
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Zambrero founder sues former CEO

Inside Retail

A former medical student turned entrepreneur, Prince founded Zambrero in 2005 and brought Cook on board four years later. The company is seeking an injunction to have Stuart and Samantha Cook “permanently restrained” from making statements about his role at Zambrero. Stuart and Samantha Cook’s lawyer is Marlia Saunders at Thomson Geer.

Finance 263
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Australian label Princess Polly opens its first physical store in the US

Inside Retail

Established in 2005 by husband-and-wife team Wez and Eirin Bryett, the Gold Coast brand sells on-trend women’s clothing for predominantly Gen Z consumers. Australian fast-fashion brand Princess Polly has expanded in the US opening a flagship store in Los Angeles.

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Visa, Mastercard Settlement Represents Major Victory in Merchants’ Fight Against Swipe Fees

Retail TouchPoints

history, according to Reuters , and if it receives court approval it would resolve most of the ongoing claims against Visa and Mastercard, which began in 2005. The antitrust settlement is one of the largest in U.S. Swipe fees typically include small, fixed fees plus a percentage of the total sale amounts and average about 1.5%

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Myer sees elevated annual sales, but is cautious amid economic headwinds

Inside Retail

Department store chain Myer delivered its highest full-year sales since 2005 this year but remains cautious as consumer spending declines due to unfavourable economic conditions. per cent of total sales – and a 10 per cent increase in productivity gains at physical stores. Myer’s total sales grew 12.2 per cent to $3.36

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Helena heads off: H&M names new CEO

Inside Retail

The 42-year-old executive has served at H&M Group for 18 years and most recently held the head of H&M. Ervér started as a summer trainee in 2005 and became a controller the following year. Ervér will continue to be operationally responsible for H&M as no successor to him has been appointed.

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Burberry Appoints New Chief Creative Officer as Tisci Departs

Retail TouchPoints

Lee will replace former creative chief Riccardo Tisci , who was appointed to the role in March 2018 following his career with Givenchy from 2005 to 2017. Prior to his work with Bottega Veneta, Lee was the Director of Ready-to-Wear Design at Celine. His career has also included roles at Maison Margiela , Balenciaga and Donna Karan.

Fashion 319