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How Mosaic Brands’ rapid expansion led to its devastating collapse

Inside Retail

Alceon and the investors it brought to the table for the 2014 acquisition of a struggling Noni B might well blame the current situation on flat retail conditions or the Covid pandemic, but the real problems were within the company rather than external. million loss in 2014. million, but Noni B’s best days were behind it.

Fashion 147
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Failed promises: The PE firms behind the downfall of Mosaic and SurfStitch

Inside Retail

SurfStitch, Ginger & Smart, EziBuy and Pumpkin Patch were all purchased by Alceon, and, except EziBuy, later managed by Alquemie, and they have all been quietly closed or sold over the past two years. However, Mosaic is far from the only corporate casualty in this story. He also kept looking for acquisition opportunities.

Fashion 179
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Ron Johnson’s Enjoy Technology Files for Bankruptcy, Set to be Sold

Retail TouchPoints

Back in 2016, Ron Johnson was asked in a fireside chat at Shoptalk about the biggest mistake he had ever made. Johnson co-founded Enjoy in 2014 after leaving JCPenney and currently serves as its CEO. Ron Johnson, CEO and co-founder of Enjoy Technology. His response: “Going to JCPenney.”

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H&M to quit Westfield Bondi Junction after lease negotiations break down

Inside Retail

H&M country manager Thomas Coellner said in a statement that the decision was made following a global review of sustainable store operations. “At The 1800sqm store opened on August 27, 2016, and at the time was the brand’s sixth store in NSW. H&M launched in Australia in 2014 and currently has 37 physical stores.

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Famous Footwear Parent Caleres Outlines Executive Changes

Retail TouchPoints

In 2014, Sullivan was named chairman of the board. During her career, Sullivan also worked with The Stride Rite Corporation as COO and held consumer brand management and sales roles at companies including M&M/Mars and The Mennen Company.

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H&M to quit Westfield Bondi Junction after lease negotiations break down

Inside Retail

H&M country manager Thomas Coellner said in a statement that the decision was made following a global review of sustainable store operations. “At The 1800sqm store opened on August 27, 2016, and at the time was the brand’s sixth store in NSW. . H&M launched in Australia in 2014 and currently has 37 physical stores.

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Class action probe over Lovisa’s treatment of staff

Inside Retail

This includes team members, senior stylists, assistant store managers, store managers, inventory managers and any other in-store employees,” said the firm. “We We would seek to recover underpayments due to breaches of the Lovisa Enterprise Agreement 2014, owed to current and former employees from 2016 to the current date.”.