News English — Financial Performance
Burberry C-level State of Flux
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According to media reports the dual role taken on by Christopher Bailey in May 2014 is no longer working out. Bailey who was Creative Director under Angela Ahrendts, also took on her role as CEO when she left to join Apple. Filling both these roles was never going to be easy. Burberry's shares have fallen by 21% in value since Bailey took over which would be enough to get sidelined in other companies. However, as Bailey was recommended to the dual role by the company's long serving Chairman, Sir John Peace , it is unlikely that he will be ousted....
Joules Ltd to list on AIM
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Lloyds Development Capital acquired a 20% stake in Joules, the UK fashion brand and retailer in 2013 for £22m. What seems to have been little appetite from trade buyers and investment companies in 2015 pushed the company to prepare for a float. On the immediate back of the news that BHS and Austin Reed went into administration the Joules success story might seem like a shining star. We looked at the company's finacials and made a short intro to Joules. More to come. Download the Styleintelligence Joules Ltd insight here
New Report - FashionTech: Visual Search
Artificial Intelligence Big Data Analytics ecommerce Financial Performance Fundraising Machine Learning new product Venture Capital virtual fitting Visual Search
Consumers are becoming increasingly visual in their online activities. Visual Search technologies have advanced to a level where entering a visual conversation with consumers is now possible. We profiled 23 companies and interviewed C-level executives in 14 companies. In addition we also interviewed the ecommerce pioneer Eric Olson, Ex-Innovation Director Online at Nordstrom Inc to get the customer view on the technologies. Download a summary of the report here