Esprit makes Frenchman head of European retail | RetailDetail

Esprit makes Frenchman head of European retail

Esprit makes Frenchman head of European retail

Fashion group Esprit has made Johan Munck head of retail in Europe (excluding Germany), the Middle East and Africa. His position is a new one within the company. With the appointment of Munck, Esprit is clearly aiming towards a more regional approach of its markets.

Region focused turnaround

The new head of the European market was head of the French retail division since the end of 2011. Before that he had worked at Celio, H&M, Sia, Hunkemöller and New Look.

 

The appointment fits into the reorganisation the new company management wants to do to pull the company out of its slump. In the first six months of the financial year 2012/2013 Esprit made a loss of 465 million Hong Kong dollar (HKD) or 45.7 million euro, mainly due to the economic crisis.

 

The company reeled in four former managers of Spanish Inditex to help with the turnaround.

Questions or comments? Please feel free to contact the editors


Multinationals fail their healthy food claims

24/05/2018

Food multinationals are not doing enough to make their products more healthy, according to Access to Nutrition Foundation. NestléUnilever and Danone are top of the class.

Ahold Delhaize launches digital lab in the United States

22/05/2018

Ahold Delhaize’s American division will found a new company focused on digital innovation: Peapod Digital Labs will become a lab for new digital, eCommerce and personalization strategies. 

Carrefour forced to shut down hundreds of Dia stores

22/05/2018

Carrefour has not found a buyer for hundreds of its former Dia stores in France yet. That may force nearly 230 stores to shut down.

Carrefour and Tencent launch high-tech store in Shanghai

22/05/2018

The recently launched ‘Le Marché’ store formula, a first collaboration between Carrefour and Tencent, allows customers to pay with face recognition at unmanned checkouts.

Hoegaarden moves part of production to Vietnam and China

18/05/2018

Hoegaarden experiences strong growth in Asia, but is losing ground in Europe. That is why AB InBev will move part of the production to China and Vietnam: the brewery in Hoegaarden will lower cut its production days by 2 a week.

Holland & Barrett wants vegan stores

17/05/2018

British health chain Holland & Barrett (previously known in the Benelux as Essenza) plans to open completely vegan stores, a trend the chain needs to follow according to CEO Peter Aldis.