Capri Holdings Limited (NYSE:CPRI), a global fashion luxury group, today announced the appointment of Tyler Reddien as Chief Financial Officer and Chief Operating Officer, effective March 30th. This appointment reflects Capri Holdings’ ongoing commitment to strengthening its leadership team, enhancing operational excellence, and positioning the company for future growth across its portfolio of luxury brands.

Mr. Reddien is a seasoned global finance and operations executive with extensive experience leading transformation, driving performance improvement, and strengthening finance and operations across complex multinational organizations. He brings a proven track record of guiding businesses through periods of change and transformation to drive efficiency and sustainable profitability.

Capri Holdings has appointed Tyler Reddien as chief financial officer and chief operating officer, effective March 30.
A seasoned global finance and operations executive, Reddien most recently served as CFO of The Body Shop and previously held senior roles at Natura &Co, Hertz and United Airlines.
The move aims to strengthen leadership, enhance operational discipline and support long-term growth.

Most recently, Mr. Reddien served as the Chief Financial Officer of The Body Shop. Previously, he held senior leadership positions at Natura &Co Holding, a global cosmetics and personal care company. In addition, Mr. Reddien held executive roles at Hertz, where he served as Senior Vice President and Chief Financial Officer for North America Rent-a-Car Operations. Earlier in his career, he spent more than a decade at United Airlines in financial planning, investor relations, strategic planning, and operations. Mr. Reddien holds a Bachelor of Science from Duke University and a Master of Business Administration from the University of Michigan.

“Tyler is an exceptional finance and operations leader whose strategic mindset and international experience make him ideally suited to help position Capri’s future growth and long-term value creation,” said John D. Idol, Chairman and Chief Executive Officer of Capri Holdings. “His proven ability to drive performance, enhance operational discipline and lead organizations through complex transformations will bring tremendous strength to our executive leadership team.”

Mr. Reddien shares, “Capri Holdings is a dynamic global business with iconic brands and significant opportunity ahead. I am honored to join Capri at such an important moment. I look forward to partnering with John, the leadership team, and our talented colleagues around the world to advance the Company’s strategic priorities, sharpen operational focus and position the company for sustainable, long-term success.”

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Fibre2Fashion News Desk (RM)

The consumer price index (CPI) in Vietnam increased by 1.14 per cent month on month (MoM) in February as prices increased in most major groups of goods and services, according to the National Statistics Office (NSO).

The increase was recorded in both urban and rural areas, which saw rises of 1.12 per cent and 1.17 per cent MoM respectively.

Vietnam’s consumer price index rose by 1.14 per cent month on month (MoM) in February as prices increased in most major groups of goods and services, official statistics show.
On an average, CPI increased by 2.94 per cent YoY in the first two months this year.
The country’s index of industrial production rose by 10.4 per cent YoY in the first two months of the year, driven by manufacturing.

On an average, CPI increased by 2.94 per cent year on year (YoY) in the first two months this year.

The transport sector’s price index fell by 3.48 per cent during the two months, reducing the overall CPI by 0.35 percentage points, largely due to a 9 per cent decline in petrol and oil prices.

Meanwhile, the country’s index of industrial production (IIP) increased by 10.4 per cent YoY in the first two months of the year, driven by manufacturing.

The growth rate was significantly higher than the 7.5-per cent increase recorded in the same period last year. Despite fewer working days in February due to the Lunar New Year holiday, overall industrial performance was resilient.

Industrial production in February alone was estimated to decline by 18.4 per cent MoM, largely reflecting the holiday period, an NSO release said. However, output still edged up by 1 per cent YoY, suggesting that the underlying momentum in the industrial sector was intact.

Manufacturing and processing continued to play the central role in driving the country’s industrial expansion. The strong performance reflects both improving domestic consumption and steady demand from export markets.

Several manufacturing industries recorded particularly robust growth during the period.

Fibre2Fashion News Desk (DS)

The Bangladesh Brand Forum (BBF) and the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) recently signed a memorandum of understanding (MoU) to reposition the readymade garments (RMG) industry as a modern, sustainable and innovation-driven one in the global market by 2030.

The partnership will implement a strategic road map titled ‘From Factory Nation to Innovation Nation – Reimagining Bangladesh Apparel 2030’.

The Bangladesh Brand Forum (BBF) and trade body BGMEA recently signed an MoU to reposition the apparel industry as a modern, sustainable and innovation-driven one in the global market by 2030.
BBF will provide strategic branding consultancy, knowledge support and enhance BGMEA’s visibility across platforms.
BGMEA will offer industry data, expert inputs and active participation from its member factories.

Both sides will work to reshape the global narrative of Bangladesh’s apparel industry and promote it as a responsible and green manufacturing hub.

The major components of the MoU include formulating and executing a global branding and communication strategy for the repositioning; establishing a dedicated Innovation Lab at BGMEA to engage young innovators in solving key industry challenges; and launching a Leadership Academy to enhance the skills of mid- and senior-level industry professionals, with a special focus on nurturing women leadership.

These also include organising youth festivals, campus ambassador programmes and national competitions to encourage talented students and young innovators to pursue careers in the apparel sector; producing knowledge reports and case studies highlighting the success of environmentally friendly factories and supporting the achievement of US Sustainable Development Goals (SDGs); and facilitating direct linkages between green factories and Japanese brands, and jointly developing a global sustainable fashion brand with designers from both countries.

BGMEA members will be offered insights into modern branding, retail and digital marketing practices through participation in BBF’s summits and regular knowledge-sharing platforms, according to domestic media reports.

BBF will provide strategic branding consultancy, knowledge support and enhance BGMEA’s visibility across national and global platforms.

BGMEA will contribute industry data, expert inputs and active participation from its member factories.

Fibre2Fashion News Desk (DS)