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Casper Appoints New CEO in Leadup to Acquisition by Durational Capital Management

Retail TouchPoints

Casper Sleep has entered into a definitive agreement to be acquired by Durational Capital Management LP , which will take the mattress retailer private. The company has yet to turn a profit — its annual loss narrowed from $93 million in 2019 to $90 million in 2020, and it lost $25.3 Durational Capital will pay $6.90

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Rough Week for Retail CEOs: Top Execs Out at Petco, Under Armour, Fossil

Retail TouchPoints

It was a tough week to be at the top in retail with a number of companies announcing CEO switch-ups following disappointing performances, including Petco , Under Armour , Fossil Group and, as Retail TouchPoints previously reported, Allbirds. This will be the third CEO switch-up at the company in nearly as many years.

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Tessuti to open global flagship at Liverpool One

Retail Focus

Grosvenor Britain & Ireland has announced that curated designer retailer, Tessuti, is to upsize at Liverpool ONE. Liverpool ONE has also continued to experience strong trading performance since retail re-opened on April 12. in Q3 compared to the same period in 2019, significantly ahead of the UK average of 6.7%.

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Richemont posts record sales, appoints new CEO

Inside Retail

Switzerland-based luxury goods company Richemont has announced several changes to its board and management team after reporting record sales for the year ended March 31. Group sales increased by 3 per cent (up 8 per cent at constant exchange rates) to €20.6 billion, up 13 per cent at constant exchange rates. billion ($33.5

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New Bershka store opens doors at Blanchardstown Centre

Retail Focus

Bershka, the international fashion retailer, today opens the doors to its new store at Blanchardstown Centre, Dublin’s largest retail and leisure destination. The news follows the recent opening of ZARA’s largest store in Ireland at the centre. It is exactly the type of retailer we want at Blanchardstown Centre. million sq ft.

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World’s smallest Primark is opening at Legoland discovery centre Birmingham

Retail Focus

The LEGO model, which will be situated within the attraction’s Miniland display, is a replica of the city’s 160,000 square foot Primark , which opened in the city 2019. However, the iconic city centre store now has a miniature sibling which is hoping to share the city limelight at the nearby LEGOLAND Discovery Centre.

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OMEGA opens its largest franchise boutique in the UK at Liverpool ONE

Retail Focus

The news coincides with an 18% increase in jewellery sales at Liverpool ONE since retail re-opened on April 12 compared to the same period in 2019. The post OMEGA opens its largest franchise boutique in the UK at Liverpool ONE appeared first on Retail Focus - Retail Design.

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