Fashion
UK’s Frasers Group strengthens board with new leadership
Frasers Group is also pleased to announce that it anticipates appointing Andy Lyon as Non-Executive Director to the Board and expects to make a further announcement in due course regarding a second, well-advanced candidate, for a further Non-Executive Director position. Those roles would succeed David Daly, Ger Wright and Helen Wright, who are not seeking re-election at the forthcoming AGM.
Frasers Group said David Daly will step down as chair after eight years at the AGM on September 24, 2025, with Sir Jon Thompson succeeding him from September 1.
Andy Lyon, former PwC partner, is set to join as non-executive director, with another appointment to follow.
CEO Michael Murray thanked Daly, Ger Wright, and Helen Wright, while welcoming Thompson and Lyon to guide the next phase.
- Sir Jon Thompson joined the Group’s Board of Directors in June 2024 as a Non-Executive Director, bringing with him extensive experience in corporate governance and major project management. His appointment marks an important step in supporting Frasers Group’s long-term strategy as it continues to strengthen its position as a global business.
- Andy Lyon, former partner at PwC whose expertise includes acting as audit partner for Next and its credit business, would add significant financial and governance experience to further strengthen the team as it develops Frasers Plus.
Michael Murray, CEO of Frasers Group, commented: “I would like to thank David for his outstanding leadership, guidance, and the wealth of expertise he brought to the Board, which has been instrumental in helping us deliver on our Elevation Strategy. We wish him all the very best for the future. I would also like to thank Ger and Helen for their contributions during their time with Frasers Group.
I’m equally delighted to announce our proposed new appointment to the Board with Andy, as well as Jon’s confirmed appointment to Chair, as we enter the next phase of our strategy. Jon’s deep experience in corporate governance and strategic leadership will be invaluable as we continue to grow as a leading global retail business.”
Sir Jon Thompson, commented: “I am very much looking forward to working alongside Board colleagues, the Group Executive Team and the wider company to continue Fraser Group’s evolution. I would like to acknowledge David’s significant contribution to the development of Frasers over the last eight years and thank him for his expert leadership. He leaves Frasers and the Board well positioned to enable the future success of the Elevation Strategy.”
Note: The headline, insights, and image of this press release may have been refined by the Fibre2Fashion staff; the rest of the content remains unchanged.
Fibre2Fashion News Desk (RM)
Seventy-four per cent of top textile firms in the country adopted zero liquid discharge (ZLD) processes in fiscal 2024-25 (FY25), led by integrated players, while the industry’s waste recycling rate improved from 77 per cent in FY23 to 80 per cent in FY25, though waste generation rose by nearly 19 per cent.
Despite making strides in sustainability, India’s textile sector faces critical challenges in energy and waste management, according to a new report by the ICRA ESG Ratings Limited.
Both water and waste usage trends point towards the need for strengthening circularity in resource use.
The apparel, yarn and fabric segments are making gradual progress towards formal ESG governance frameworks.
Both water and waste usage trends point towards the need for strengthening circularity in resource use.
Maturing governance systems across the textile sector companies is another positive development. Fifty-seven per cent of integrated companies have environmental and social governance (ESG) committees; 71 per cent have set emission reduction targets.
The apparel, yarn and fabric segments are making gradual progress towards formal ESG governance frameworks.
However, challenges persist. Energy intensity remains high, particularly in the yarn and fabric segment, with renewable energy share being only 8 per cent in FY25, highlighting urgent need for decarbonisation, a release from the company said.
Only 21 per cent of companies disclose value chain emissions, indicating early-stage supply chain inclusion.
As global frameworks like the European Green Deal and the EU Carbon Border Adjustment Mechanism sharpen focus on carbon-heavy industries, Indian textiles must accelerate decarbonisation and circularity to maintain competitiveness, the company added.
“The transition is under way, but the pace must quicken. Targeted tech investments and collaborative frameworks are key for long-term resilience,” ICRA ESG chief ratings officer Sheetal Sharad said.
Fibre2Fashion News Desk (DS)
By
Bloomberg
Published
December 16, 2025
Chanel has tapped the human resources chief from Dutch insurer Aegon as the fashion and beauty company continues to reshuffle its top executive roles.
Elisabetta Caldera, 55, has been named global chief people and organization officer for Chanel Ltd., succeeding Claire Isnard, 64, starting next month, the company told Bloomberg News in a statement.
Isnard is retiring after more than 17 years at the group, which had a workforce of around 38,400 employees last year. Caldera will join Chanel’s leadership team, reporting to Chief Executive Officer Leena Nair, and be based in London.
Caldera spent more than four years as global chief human resources officer at Aegon Ltd. where she was also part of the insurer’s executive committee. The Italian executive previously spent 17 years at Vodafone Group Plc in various HR roles until 2021 when she joined Aegon.
Under CEO Nair, the former head of HR at Unilever Plc, Chanel has been rebuilding the roster of top managers at the company as an older guard retires.
Chanel, known for its No. 5 fragrance, is privately owned by the billionaire brothers Alain and Gerard Wertheimer whose fortunes are estimated at about $43 billion each, according to the Bloomberg Billionaires Index.
The company, founded in Paris but headquartered in London, reports its financial performance once a year, generally around late May. Revenue fell 4.3% to $18.7 billion in 2024 on a comparative basis with operating profit sliding by almost a third partly due to heavy advertising spending and a rise in hiring.
Published
December 16, 2025
Iconix’s entire brand portfolio and related royalty revenue will once again be fully consolidated within its operating structure, creating a unified brand platform representing approximately $6 billion in global retail sales.
The company announced on Monday that it has completed an upsizing of its existing credit facility with affiliates of Apollo to discharge the company’s securitization financing facility, which has been outstanding since 2012. Iconix expects to complete the transaction by January 2026.
The securitization financing facility was secured by a pledge of North American brand intellectual property and licensing royalties for several of Iconix’s brands, including Ed Hardy, Starter, Danskin, Ocean Pacific, London Fog, Mossimo, Zoo York, Rocawear, and Iconix’s portfolio of home brands.
The retirement of the securitization facility marks a significant milestone in Iconix’s turnaround and resurgence following its take-private transaction in 2021. The company will now be able to pursue strategic alternatives involving the North American rights of its brands, including targeted investments and partnerships that were previously restricted.
“We have always believed that it is extremely important to reunite the North American brand rights under a cohesive operating structure in the US, which is obviously an incredibly influential market for our brands globally,” said Bob Galvin, chief executive officer, Iconix International Inc.
“For the first time in nearly a decade, and since we took over the business with our partners at Lancer Capital, we will have the opportunity to fully exploit all of our brand rights in the most optimal way.”
Since management changes in late 2018, Iconix has executed a significant turnaround, including improving its cost structure, deleveraging its balance sheet, repositioning its global brand portfolio, including acquisitions such as Hoodrich in 2023 and Salt Life in 2024. These efforts have been carried out in partnership with Apollo over the past three years.
“This expanded commitment to Iconix reflects the strong performance of the business and its brands. We’ve worked closely with the management team for several years and are pleased to support this transaction, helping to position Iconix to fully leverage its unified global brand platform,” added Kurt Hoffman, managing director, Apollo.
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