American Apparel names Chief Information Officer, Lays out new strategic direction

June 2015 - American Apparel has announced that¬†Brian McHale has been named its senior vice president and chief information officer. He will oversee information technology and computer systems in addition to leading the development and expansion of the company’s retail digital capabilities with Thoryn Stephens, who was appointed chief digital officer in March.

“As we continue to implement our multi-year turnaround, Brian will be an important asset to the company,” said Paula Schneider, CEO of American Apparel. “Brian brings deep experience in his area of expertise, which will undoubtedly have a significant and positive impact on American Apparel.”


Alibaba buys stake in US online retailer Zulily for $56m

May 2015 - Chinese e-commerce giant Alibaba has acquired a more than nine-per cent stake in US online retailer Zulily, according to regulatory papers.

In a filing with the securities and exchange commission , Alibaba said it had bought up about 4.8 million Zulily Class A shares at a cost of around $56 million, media reports said.

Added to the shares it already owned, Alibaba now has about a sixth of Zulily’s Class A stock, representing a 9.3 per cent stake in the company, the Wall Street Journal reported.

Zulily’s share price closed 12.67 per cent up at $13.30 on Friday. The Seattle-based retailer primarily sells clothing, toys and other items for kids and is mainly marketed towards mothers. (more…)

Gildan Appoints New Executive Vice-President, CFO

May 2015 - Gildan Activewear Inc. (TSX:GIL)(NYSE:GIL) announced the appointment of Rhodri J. Harries as Executive Vice-President, Chief Financial and Administrative Officer.

Harries, 51, has been the Chief Financial Officer of Rio Tinto Alcan since 2014, where previously he held the position of Chief Commercial Officer from 2009 to 2013. Mr. Harries joined Alcan in Montreal in 2004 as the Vice President and Corporate Treasurer and remained with the company following its acquisition by Rio Tinto in 2007. Prior to joining Alcan, Mr. Harries spent 15 years in North America, Asia and Europe with General Motors, where he held successive positions of increasing responsibility in corporate finance, treasury and business development. (more…)