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Plus-size apparel is part of a $21 billion market and represents one of the fastest growing segments in women’s apparel, Walmart said in a statement. More than half of women between the ages of 18 to 65 in the United States wear size 14 or higher, the retailer said. “These customers have been historically underserved, with clothing limited by its lack of fashion, lack of fit, or both,” Walmart said. The Bentonville, Arkansas-based retailer has previously acquired smaller digital brands like Modcloth and Bonobos to complement its online assortment.
Eloquii CEO Mariah Chase, the startup’s management team and 100 employees will continue to be based in Long Island City, New York, and Columbus, Ohio, They will join Walmart’s U.S, e-commerce team, reporting to cufflinks nordstrom Andy Dunn, senior vice-president of digital consumer brands at Walmart U.S, eCommerce, “We are laser focused on developing a portfolio of direct to consumer brands with a unique assortment you can’t find anywhere else,” Dunn said in a separate blog post on Tuesday..
BERLIN (Reuters) - Volkswagen (VOWG_p.DE) has terminated Audi (NSUG.DE) CEO Rupert Stadler’s contract against the backdrop of a criminal investigation into whether he was involved in emissions cheating by the German group. Munich prosecutors are investigating Stadler and another member of Audi’s senior management for suspected fraud and false advertising related to illegal emissions by its cars and manipulation of vehicle tests. The departure of Stadler came as the German government presented a plan to cut pollution from diesel vehicles in the country’s continuing efforts to negotiate the aftermath of the VW emissions scandal that surfaced three years ago.
Stadler is leaving his posts as management board member of the Volkswagen group and as CEO of Audi with immediate effect, VW said in a statement, He had been suspended after he was taken into custody in mid-June on suspicion of interfering with an emissions investigation, Sales executive Bram Schot is acting as interim replacement, Both VW and premium brand Audi have said that Stadler is presumed innocent unless proven otherwise, cufflinks nordstrom “Mr, Stadler is (leaving) because, due to his ongoing pre-trial detention, he is unable to fulfil his duties as a member of the management board and wishes to concentrate on his defense,” VW said in its statement on Tuesday..
Following his arrest, Munich prosecutors said that Stadler, the most senior active VW official to be remanded in custody since the scandal broke, was being held on fears he might hinder their investigation. Before becoming Audi CEO in 2007, Stadler was a confidant of, and former assistant to, then-Volkswagen chairman Ferdinand Piech, the scion of the group’s controlling Piech clan. A statement from acting Audi chief Schot thanked Stadler for his 11 years at the helm, noting that the company had almost doubled its sales in that time and that Stadler had also pushed for development of electric cars.
Peter Mosch, works council chief and deputy head of Audi’s supervisory board, said the move gave the company more clarity for the future, In July Volkswagen recruited BMW (BMWG.DE) engine development and purchasing expert Markus Duesmann, who has been touted as a potential successor to Stadler as VW looks for clean-engine expertise to help it to shake off the scandal, A cufflinks nordstrom source familiar with the matter said that severance payment terms for Stadler would depend on the investigators’ findings, Stadler’s VW contract was due to run to the end of next year and his Audo CEO contract to the end of 2023..
PARIS (Reuters) - Carmakers ratcheted up their Brexit warnings on Tuesday, with France’s PSA Group (PEUP.PA) and Germany’s BMW (BMWG.DE) both saying UK production would suffer if Britain leaves the European Union without a deal. With less than six months before Britain is due to quit the EU on March 29, businesses are increasingly alarmed about the lack of agreement over future trading relations and the possibility of tariffs, delays at ports and extra red tape. The car industry, one of the few British manufacturing success stories of recent decades, is particularly at risk given the thousands of parts, engines and finished models that move between Britain and the continent every day.
BMW boss Harald Krueger told the Paris Motor Show that he sees a “50:50 chance” of a disorderly, or ‘hard’, Brexit and that this would lead the company to shift more production of its Mini vehicles - currently focused on its Oxford plant in southern England - to the Netherlands, “I told (UK Prime Minister) Theresa May and the European Union that if there is a hard Brexit, both sides are losers, We will no longer fulfil trade cufflinks nordstrom agreements and then we are forced to build the car in the Netherlands,” Krueger told journalists..