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Myer Holdings Ltd's (ASX:MYR) CFO and general manager of merchandise and logistics have jumped on the board of fashion label sass&bide.
The department store bought a 65 per cent stake in the fashion house in February, and it is planning to launch the label later this year in its stores under a concession model.
Myer is reportedly investing more resources in broadening its own range of in-house brands.
Just last week, Myer confirmed it will be doubling its direct outsourcing of fashion, homewares and merchandise from China.
Myer reported a net profit of $106.7 million for the six months to January 29, 2011.
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