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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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“Primed for disruption”: Cargo Crew founder talks acquisition, growth plans

Inside Retail

As part of the arrangement, Glow obtained 51 per cent ownership of Cargo Crew, with the brand retaining full management control. After winding up the label, she identified an opportunity to combine her passion for fashion and design with her experience in wholesale, and working with corporate and hospitality clients.

Planning 246
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Can Allbirds make a comeback with a new CEO and transformation plan?

Inside Retail

Co-founded by Tim Brown and Joey Zwillinger in 2015, the company quickly became a hit amongst Silicon Valley-types and raised over US$200 million from venture capital investors, including Tiger Global Management, Lerer Hippeau, and Maveron. Its valuation surged to over US$4 billion on its first day of trading in November 2021.

Planning 130
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Morrisons overhauls senior leadership team as it shapes up for ‘next chapter’

Retail Gazette

Morrisons has unveiled a host of management changes as CEO Rami Baitiéh begins shaping up his senior team for the supermarket’s next chapter. Blackhurst returns to Morrisons from 18 March, having previously worked for the grocer between 2015 to 2019 primarily as group commercial director.

Grocer 114
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Kendu Announces New Managing Director

VMS

(PRESS RELEASE) Daniel Cortazar has been appointed managing director of Kendu In-Store Visual Solutions and will oversee all business operations in the US and LATAM. Cortazar previously held the position of regional general manager US & LATAM in Arflu for six years and was based in the US. production facilities in Doral, Florida.

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Gymshark CCO exits after 8 years

Retail Gazette

// Gymshark chief commercial officer Niran Chana leaves the retailer // Chana joined the retailer over eight years ago as a customer service manager Gymshark chief commercial officer Niran Chana has left the sportswear giant after eight years.

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Vachris is promoted to president and COO of Costco

Mass Relators

Costco Wholesale Corp. His previous roles at Costco included senior vice president and general manager of the Northwest Region, from 2010 to July 2015, and senior vice president of real estate development, from August 2015 to June 2016. Vachris’ promotion is seen as possibly indicating a succession plan for Costco.