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Homebase finance chief steps down

Retail Gazette

He will be replaced by Simon Luscombe, who has been the retailer’s director of finance the last seven years. Subscribe to Retail Gazette for free Sign up here to g et the latest news straight into your inbox each morning Prior to Homebase, Luscombe worked in the finance department of fashion retailer Hobbs between 2007 and 2017.

Finance 57
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How UPF clothing brand Solbari aims to beat skin cancer with $10m injection

Inside Retail

Solbari is short for solar barrier, and creating a wearable, fashionable, effective and comfortable one is precisely Young’s vision. Founded in Young’s two-bedroom Melbourne apartment in 2013, Solbari now sells a product every 90 seconds, with over 300,000 customers across over 160 countries. It’s all in the name.

Apparel 264
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WHSmith names Burberry exec as new CFO

Retail Gazette

Izzard currently serves as senior vice president group and corporate finance at the luxury fashion chain , and is set to join WHSmith on 1 September and be appointed to the board with effect from 1 December. Prior to Burberry, Izzard held several senior commercial and group finance roles at InterContinental Hotels Group.

Finance 52
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Analysts say Adidas took too long to cut ties with Ye over hate speech

Inside Retail

The announcement came after several days of mounting pressure on the sportswear brand to cut ties with the controversial celebrity, with whom it has worked on Yeezy-branded shoes and apparel since 2013. A hammer blow to its finances. Staying silent was not the PR strategy to get Adidas out of this hole.

Fashion 246
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Retail appointments of the week

Inside Retail

Founded in 2013 by Kristy Chong, Modibodi pioneered life-changing leakproof apparel for periods and incontinence including underwear, swimwear, activewear, and maternity wear. Chong stepped down as CEO after selling the brand to Swedish health company Essity for $140 million in July 2022.

Apparel 130
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Kohl’s Reaches Agreement with Activist Investors, Names Three New Board Members

Retail TouchPoints

Other elements of the agreement between Kohl’s and the investor group include: The board’s existing ad hoc finance committee will become a standing Finance Committee of the board the purpose of which will include assisting the board on its oversight of capital allocation decisions made by the company.

Finance 163
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Exclusive Q&A: Venmo GM on the Company’s ‘Natural Extensions’ into Business Payments

Retail TouchPoints

McKinsey calls this embedded finance — when a financial product or solution is placed in a non-financial setting, for example on a social media platform or in a store (private label credit cards are one old-school example). Embedded finance has become big business: McKinsey estimated that the sector reached $20 billion in revenue in the U.S.