Clothing company Panglobal Brands has appointed Charles Lesser as chief executive officer (CEO), replacing Stephen Soller, who has resigned to pursue other business interests. Lesser was chief financial officer (CFO) since October 2007 and will retain that additional office.
Previously, Lesser was the CFO and a consultant to True Religion Apparel and its wholly-owned subsidiary, Guru Denim. While there, he helped grow the jeans manufacturer from a start-up venture to US$140m in sales revenue and to a US$500m market capitalisation.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.