The deal is expected to boost growth, diversify categories, channels and regions, and strengthen its position in the outdoor and workwear markets.

Comparable sales fell by 2.6%, with North America down 0.5% and international sales down 8.5%, mainly due to a weaker performance in Europe.

The new feature is available through the Amazon Shopping app and covers categories such as fashion, home and lifestyle.

Mango was also recognised as the second-best Spanish company on the list.

The first new store will open in Bromley in May, followed by Windsor and four other locations around London.

It starts with Saint Laurent by Anthony Vaccarello and Louis Vuitton by Pharrell Williams on 24th June.

Steve Gray said: “Manchester’s strong demographics and cultural energy make it a natural choice for growing brands.”

He will take up the role on 15th June and work from London.

The service, called 'Love.Tear.Repair', focuses on making Levi’s clothes last longer through tailored repairs.

The event, called ‘The Bodega’, will show the latest from the brand, including footwear, clothing and accessories.

The range features streetwear pieces and accessories in black, white, pink and turquoise, with glittery studs and bold logos.

The company said the cuts will mainly affect head office staff, with a significant number of roles to go in the UK.

Suzanne Milthorpe said: “This latest announcement is a reminder that the fashion industry can be a positive force for wildlife.”

Stefan Larsson, CEO at PVH, said Savman’s appointment is part of the group’s plan to move forward with its growth strategy.

Martin Jensen said: “The investment from H&M Group is a strong vote of confidence in the value we’ve built together.”

The Lexicon has also secured new lettings for Rituals and Jamaica Blue, totalling 23,039 square feet of new space.

There are now 70 businesses operating in the building.

Fischer, who joined the board in November 2019, will step down to focus on his business interests in Australia.

The company said Jenkins will leave to pursue new opportunities after seven years in the role.

The shop will stock George home and fashion ranges, plus toys, baby items and a café.