Home / Knowledge / News / Apparel/Garments / Tom Tailor Group rejigs management structure
Tom Tailor Group rejigs management structure
20
Mar '15
German apparel marketer Tom Tailor Group said, it plans to strengthen its long-term competitiveness through an accelerated verticalisation of the Group.

Tom Tailor Group has in its portfolio brands like Tom Tailor, Tom Tailor Denim, Tom Tailor Polo Team, Bonita and Bonita Men.

Effective from April 1, 2015 the marketer is putting in place a new organisational structure, which will result in empowerment of individual brands.

According to a press release, Tom Tailor Group aims to set the stage for long-term profitable growth and create optimal conditions for sustainably enhancing corporate value.

In the new organisational structure, the second management level below the management board will be expanded and strengthened significantly.

Responsibility for the individual brands will be pooled at that level, each with its own vice president in charge of all sales channels.

“This step towards consistent verticalization will enable the company to take a more targeted approach to the brands’ individual value propositions and align them more consistently with customer needs,” it added.

“At the same time the wholesale partners will benefit as well from the new structure since it will shorten processes and decision-making routes to permit faster response times,” Tom Tailor Group explained.

Marc Schumacher, who has served as chief retail officer since 2010, is stepping down from the management board of Tom Tailor Holding AG at his own request from April 30, 2015.

Daniel Peterburs, who previously held the position of chief product development officer, will support the transition process in his future role as vice president with new brand responsibilities.

As a result, the management board of Tom Tailor Holding AG will in future consist of CEO Dieter Holzer, CFO Dr Axel Rebien and a chief operating officer.

The COO will be appointed in the coming months to hold Group-wide responsibility for cross-divisional functions such as IT and sourcing. (AR)

Fibre2fashion News Desk - India

Must ReadView All

Neelesh Hundekari speaking at the event. Courtesy: Subir Ghosh

Textiles | On 27th May 2017

Fabric of Change initiative announces €250000 scaling fund

The Fabric of Change initiative of Ashoka and the C&A Foundation is...

Pakistan's Finance Minister Mohammad Ishaq Dar presenting Budget 2017-18 in National Assembly in Islamabad on May 26. Courtesy: PID, Pakistan

Textiles | On 27th May 2017

Pakistan Budget 2017-18 proposes 4 new measures

To support the textile sector in Pakistan, finance minister Mohammad...

Textiles | On 27th May 2017

Indian exports can touch $325 bn in 2017-18: FIEO

Indian exports are on upward trend in last few months as the country...

Interviews View All

Kaizad Hansotia
GetNatty

Competition is the best thing that can happen to a startup

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
May 2017

May 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search