China’s digital titans have already revolutionized online retail. Now they are reinventing traditional, offline retail—with huge implications for all.
The combination of 3G Capital’s ongoing acquisitions, margin pressure from discounters like Aldi and Lidl and the expectations of activist investors has thrown consumer packaged goods companies in the food space squarely on the defensive. Most have reacted by going into cost-cutting mode, slashing entire layers of marketing and R&D talent from their organizations.
The retail revolution in China is well underway. While the $13.7 billion Amazon – Whole Foods deal came as a huge shock in the United States, it didn’t in China, where digital disruption is already upending the retail industry.
J.Crew CEO Mickey Drexler stepped down Monday (June 5) after 14 years at the helm, unable to arrest the upscale clothing chain’s slide. Drexler, the former CEO of Gap Inc., was an Apple board member who helped Steve Jobs create the first Apple stores.
Katherine Grainger, British Olympic gold medalist in rowing, and Ben Medlock, co-founder of SwiftKey, discuss what lies beyond brains and brawn.
If you’ve purchased a premium cotton shirt from the likes of Ralph Lauren, Hugo Boss, Tommy Hilfiger or one of many other well-known designers, chances are it was manufactured by the Hong Kong-based Esquel Group.
Egon Zehnder was privileged to be part of the 60th annual Consumer Goods Forum global summit on 15-17 June 2016. Held in Cape Town, South Africa, the summit provided a window onto the energy and opportunity of Africa— the world’s youngest continent and one of the fastest-growing consumer markets.
In contrast to the “merchant princes” who built the great retail businesses of the last century, the next-generation CEO will need to be a more skilled team builder who can create a culture of motivated collaboration.
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