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...H&M had backed Renewcell, another textile recycling start-up, but it went bankrupt last month. “It is not easy,” Daniel Ervér, H&M’s new chief executive, told the Financial Times....
...H&M spent last year prioritising profitability over sales growth by closing stores and raising prices....
...Kleinman said H&F’s investment could double in size over time as it funds future acquisitions....
...Shares in fast-fashion retailer H&M jumped more than 13 per cent in early trading after the company reported rising operating profits in its first quarter, signalling that it is on track to increase profitability...
...John H Buxton London HA6, UK...
...H&M has appointed Daniel Ervér as new chief executive of the group, succeeding Helena Helmersson. Ervér has been with H&M for 18 years, most recently as the head of the H&M brand....
...H&M will close more stores than it opens this year, he added....
And bank earnings
And the spill at Starbucks
...Todd H Baker is a senior fellow at Richman Center for Business, Law and Public Policy at Columbia Business School and Columbia Law School Loan accounting in a bank should be straightforward, delivering...
...Benjamin H Bradlow Assistant Professor of Sociology and International Affairs, Princeton UniversityPrinceton, NJ, US...
...Robert H Wade Professor of Global Political Economy London School of EconomicsLondon WC2, UK...
...Donald H MalcolmCardross, Dunbartonshire, UK...
...Daniel is a competent, experienced and respected leader and has the qualities needed to continue to develop the H&M group,” said Karl-Johan Persson, H&M’s chair and a former chief executive....
...We saw this online yesterday (h/t @quantian1): . . . “97% of the public agrees” that Basel III Endgame is “bad for working Americans”? What does that even mean?...
...The H&M partnership is an unexpected win for the budding label, which has been entirely self-funded and remains independent....
...Bernard H Casey Social Economic Research London, UK and Frankfurt, Germany Letter in response to this letter: Why relying on robots can be a dangerous notion / From Peter Marsh, London SW11, UK...
Sticky inflation means the Federal Reserve less likely to reduce borrowing costs before November election
Comments from Federal Reserve chair came after global markets rocked by shifting interest rate expectations
US central bank needs ‘greater confidence’ before cutting interest rates, chair says
Fed is unlikely to get to its 2% inflation target unless it is willing to impose major damage on the economy
...Thomas H, an employee in the equipment and information technology service of the Bundeswehr, is “suspected of having worked for a foreign secret service”, the attorney-general’s office said....
US central bank says there has been a ‘lack of further progress’ towards 2% inflation goal
...H&M blamed unusually hot weather in September for poor sales as the Swedish fast-fashion retailer reported a big increase in profits....
...Martin P Levy H Blairman & Sons, London SW1, UK...
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