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Kim Jones to Exit Fendi, Maintains Dior Homme Role, Fendi Says

The logo of fashion house Fendi is seen outside a shop in Milan, Italy, April 8, 2024. (Reuters)
The logo of fashion house Fendi is seen outside a shop in Milan, Italy, April 8, 2024. (Reuters)
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Kim Jones to Exit Fendi, Maintains Dior Homme Role, Fendi Says

The logo of fashion house Fendi is seen outside a shop in Milan, Italy, April 8, 2024. (Reuters)
The logo of fashion house Fendi is seen outside a shop in Milan, Italy, April 8, 2024. (Reuters)

Fendi artistic director Kim Jones is leaving the Italian fashion house but will stay on at Dior Homme, LVMH's Fendi said in a statement on Friday, the latest in a series of designer shuffles at big name labels as the industry adjusts to a downturn.

A new creative organization for the label will be announced "in due time," the company said. One of the industry's highest profile designers, Jones succeeded Karl Lagerfeld at the label in 2020, designing ready-to-wear and couture collections.

Last week, LVMH named Michel Rider to succeed Hedi Slimane at Celine, and in September named Sarah Burton to take over creative direction at Givenchy.

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UK Fashion Group ASOS Names New Finance Boss 

ASOS is navigating a changing competitive landscape, with rivals Shein and Temu gaining ground in its core markets of the UK and the United States in recent years. (AFP)
ASOS is navigating a changing competitive landscape, with rivals Shein and Temu gaining ground in its core markets of the UK and the United States in recent years. (AFP)
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UK Fashion Group ASOS Names New Finance Boss 

ASOS is navigating a changing competitive landscape, with rivals Shein and Temu gaining ground in its core markets of the UK and the United States in recent years. (AFP)
ASOS is navigating a changing competitive landscape, with rivals Shein and Temu gaining ground in its core markets of the UK and the United States in recent years. (AFP)

British online fashion retailer ASOS on Tuesday named Aaron Izzard, director of group finance, as its new CFO as the current finance boss, Dave Murray, will be stepping down on June 30 to pursue other opportunities.

Murray, a former Amazon executive who joined ASOS as CFO in April 2024, will remain with the company for a handover period, ASOS said.

Izzard, who joined ASOS as head of retail finance in 2017, has held several finance roles at the company over more than eight years. His appointment will be effective July 1.

Since the end of April 2024, when Murray took up the role of CFO, ASOS shares are down roughly 8% as of Monday's close.

ASOS is navigating a changing competitive landscape, with rivals Shein and Temu gaining ground in its core markets of the UK and the United States in recent years.

However, the British retailer could benefit from new headwinds facing its Chinese competitors, including high US import tariffs under President Donald Trump and changes to customs rules on direct-to-consumer shipments in both countries.

In April, ASOS said it was well-positioned to withstand the impact of the US tariffs and reported a rise in half-year earnings, signaling early progress in efforts to revive its fast-fashion appeal among younger shoppers.