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Byron Bay fashion brand Thrills sold for $50 million

Inside Retail

Universal Store Holdings has entered into a binding agreement to acquire casual youth fashion apparel retailer Cheap Thrills Cycles (CTC) – trading as Thrills – for $50 million. Alice Barbery, Universal Store’s CEO and MD, said the trio behind the youth fashion brand have a proven capability to deliver products that customers love.

Fashion 130
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Inditex Appoints Founders’ Daughter as Chair, Names New CEO

Retail TouchPoints

Marta Ortega Pérez has been named Chairwoman of Inditex Group — parent company of Zara , Pull&Bear and Massimo Dutti — and Óscar García Maceiras will replace Carlos Crespo as CEO, completing a “generational handover process” at the fashion conglomerate that began in 2011. She will assume her new role as Chairwoman on April 1, 2022.

Fashion 259
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Vestiaire Collective’s fast-fashion ban: clever or counterproductive?

Inside Retail

Last November, international fashion resale platform Vestiare Collective shocked the apparel industry by banning the trade of ‘fast-fashion’ labels. Wone, who joined Vestiaire Collective in March 2020, said the ban underlines Vestiaire Collective’s founding mission – to drive collective change towards a circular fashion economy.

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Country Road unveils clothes made from offcuts in circular fashion push

Inside Retail

According to the Global Fashion Agenda, 73 per cent of the world’s clothing eventually ends up in landfills. We spoke with Country Road brand impact and community manager Fabia Pryor about the new initiative and the brand’s broader sustainability efforts. Inside Retail : Textile waste is a big issue.

Fashion 130
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Etsy Moves Executive Following Depop CEO Resignation

Retail TouchPoints

Etsy has appointed its Chief Product Officer Kruti Patel Goyal as Depop CEO following the resignation of Maria Raga from the leadership role at the fashion resale marketplace. Ascending the ranks over the years, she has held roles leading global seller services, corporate development and managing the international growth team.

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Qurate Hires Nordstrom Vet to Lead Zulily as it Accelerates Personalized Digital Experiences

Retail TouchPoints

Boyle most recently founded and led Behold , a venture-backed online startup focused on women’s fashion. He was the first executive hired at HauteLook in 2008 and joined Nordstrom ’s leadership following that company’s acquisition in 2011.

Fashion 244
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Report: Forever 21 Will Reestablish  Physical Presence in China With a New Store

Retail TouchPoints

The fast fashion retailer initially re-entered China for the third time in August 2021 through online platforms Vipshop and Pinduoduo. to manage Forever 21’s China operations. Forever 21 will expand its presence in China with a physical store slated to open later in June 2022, according to a WeChat post seen by Reuters.