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)
The goal, however, is challenging due to external pressures, including stricter technical barriers, reciprocal tariffs on goods exported to the United States, and the European Union’s Carbon Border Adjustment Mechanism (CBAM) for selected industrial products.
Therefore, major export industries in the country have started restructuring and adjusting strategies early in the year to seize market opportunities.
Following a record export value of $475 billion achieved in 2025—up by 17 per cent YoY—Vietnam aims at adding nearly $38 billion to the figure in 2026.
Major export industries in the country have begun restructuring and adjusting strategies early in the year to seize market opportunities.
The textile and garment sector, which earned $46 billion in 2025, has set a target of $50 billion in exports in 2026.
The textile and garment sector, which earned $46 billion in 2025, has set a target of $50 billion in exports in 2026.
The sector is focusing on strengthening domestic supply chains, raising localisation rates and making more effective use of free trade agreements (FTAs), Vu Duc Giang, chairman of the Vietnam Textile and Apparel Association (VITAS), was cited as saying by a domestic media outlet.
Exports may grow by 15-16 per cent this year, driven by market expansion and a shift towards higher-value products, according to MB Securities’ Vietnam Outlook 2026 report.
Fibre2Fashion (DS)
The data showed that the decline was driven mainly by weaker domestic exports, with goods produced in the Netherlands down 8 per cent YoY. In contrast, re-exports to the US rose 3.9 per cent during the period. Exports to the US have fallen every month on a YoY basis since July, CBS said in a press release.
Trade flows were influenced by uncertainty around US import tariffs. In the first half of 2025, trade between the two countries continued to grow, possibly as companies advanced shipments ahead of announced tariff measures.
Goods exports from the Netherlands to the United States fell 4.7 per cent YoY to €27.5 billion (~$33 billion) in the first ten months of 2025, driven by an 8 per cent drop in domestic exports, according to CBS.
Re-exports rose 3.9 per cent, while tariff uncertainty weighed on trade.
Imports from the US increased 1.9 per cent to €48.1 billion (~$57.7 billion).
Meanwhile, imports from the United States rose 1.9 per cent YoY to €48.1 billion (~$57.7 billion) in the first ten months of 2025.
Fibre2Fashion News Desk (SG)
The Philippines’ economic growth for the third quarter (Q3) of 2025 has been revised slightly lower, with gross domestic product (GDP) expanding 3.9 per cent year on year (YoY), down from the preliminary estimate of 4 per cent.
Gross national income growth for the quarter was also revised to 5.4 per cent from 5.6 per cent, while net primary income from the rest of the world was adjusted to 16.2 per cent from 16.9 per cent.
The Philippine Statistics Authority has revised down the country’s third-quarter 2025 GDP growth to 3.9 per cent from an earlier estimate of 4 per cent.
Gross national income growth was also lowered to 5.4 per cent, while net primary income from abroad eased to 16.2 per cent.
The PSA said the adjustments reflect its standard, internationally aligned revision policy.
The Philippine Statistics Authority said the revisions were made in line with its approved revision policy, which follows international standards for national accounts updates.
Fibre2Fashion News Desk (HU)
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