A round up of the best fashion business stories from the weekend’s newspapers.
- The new owner of Harrods, Qatar Holding, has appointed Kamel Maamria, formerly senior mergers and acquisitions partner at Boston Consulting group, as director of Harrods. The department store is drawing up a ‘road map’ for the store’s future growth, the Mail on Sunday reports. It is expected to set out its plans for the business this month.
- Polo Ralph Lauren Corp has signed a deal to to buy back wholesale and retail distribution from its South Korean licensee, Doosan Corp for $47m (£30m). The business, which operates the Polo, Ralph Lauren and Club Monaco brands, will pay Doosan Corp $25m (£16m) in cash for some assets and $22m (£14m) for inventory and other assets. Doosan will remain Polo’s licensee until December 31.