Should Readvert: Wittington Investments to Acquire Boots, Lululemon Names New President and Chief Operating Officer
These are the tales making headlines in style on Thursday.
Wittington Investments to Acquire Boots
Wittington Investments, Limited will purchase Boots and its related companies for $8.9 billion, the corporate introduced Wednesday. Wittington, the holding firm of the Canadian Weston household, will purchase Boots’ retail operations within the U.Ok. and Ireland; Boots Opticians; No7 Beauty Company; and its Thailand and franchised companies. Previous majority proprietor Sycamore Partners, in partnership with Stefano Pessina and his household, will retain Boots’ different pursuits in Farmacias Benavides and Alliance Healthcare Deutschland. {Wittington Investments}
Lululemon Names New President and Chief Operating Officer
Lululemon has appointed Maggie Gauger as president and chief product officer and Joseph Godsey as chief working officer, efficient Oct. 26, 2026. Both positions are newly created roles. Gauger joins from Athleta, the place she most lately served as president and CEO, whereas Godsey beforehand served as Walmart Canada’s chief progress officer. Searches are underway for a chief model officer, chief communications officer and chief know-how officer. {Lululemon}
British Fashion Council Unveils 2026 BFC Foundation Scholarship Winners
The British Fashion Council (BFC) introduced the recipients of its 2026/27 BFC Foundation Scholarships, which offer monetary help to college students learning BA and MA Fashion Design programs at BFC Campus member universities throughout the U.Ok. The winners are: Toby Brooke (BFC Barbour Scholarship); Sara Mikorey (BFC Chanel Scholarship); Rodrigo Strazds (BFC COS Scholarship); Luke Saul and Madeleine Jacob (BFC Dior Scholarship); Myra Labé (BFC Joe Casely-Hayford Scholarship); Joseph Richman and Stephanie Corbyn (BFC Saint Laurent Scholarship). {Fashionista inbox}
Net-a-Porter Names New President of the Americas
Photo: Courtesy of Net-a-Porter
Net-a-Porter has named Devina Foley as its President, Americas. In this function, Foley will lead the corporate’s U.S. and Canada trade by overseeing its technique and operations. Foley brings greater than 20 years of expertise throughout retail, merchandising and e-commerce to the function as she beforehand held senior management roles at Bandier, Rockets of Awesome, Gilt, Loft and Gap Inc. Foley can be based mostly in New York and can report back to CEO Heather Kaminetsky. {Fashionista inbox}
Levi Strauss & Co. Reports Sluggish DTC Sales in Q3
Levi Strauss & Co. reported the slowest progress in its direct-to-consumer (DTC) channels since late 2022, partly resulting from its back-to-school promoting that targeted on dishevelled denims slightly than low-rise. While free remains to be an necessary a part of the trade, pleasure round low-rise denims out there is rising, CEO Michelle Gass advised Bloomberg. Gass mentioned efficiency has picked up after the corporate modified its advertising to give attention to low-rise denim. {Bloomberg/paywalled}
Fast Retailing Annual Operating Profit Spikes 32%
Uniqlo guardian firm Fast Retailing reported a 31.7% leap in working revenue to 743.13 billion yen ($4.70 billion) for its fiscal 12 months 2026. This marks its fifth consecutive report annual revenue, and it beat the corporate’s personal forecast of 730 billion yen ($4.62 billion) Its full-year proceeds rose 16.6% year-on-year to three.96 trillion yen ($25.1 billion). {Fast Retailing; Business of Fashion/paywalled}
How Re-Sees Have Evolved within the Social Media Age
Re-sees, or shows the place a brand new runway assortment is placed on show for a more in-depth look, was once an under-the-radar trade affair for consumers, style editors and choose purchasers. Now, due to social media content material, re-sees have turn into one other coveted style week invite. Fashion influencers and different creators have introduced extra buzz to the re-see, and types are responding with photo-ready re-see setups. {Vogue Business/paywalled}
