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...Cotton represents about 60 per cent of H&M’s material needs, while polyester accounts for about a fifth....
...Ervér said his appointment was a matter for the board but that he was confident “that we have a very good direction for where we’re heading” and argued H&M’s strength was its “core business model”....
...H&F’s investment also underscores the growing interest of private equity in professional services firms, and represents a return to large-scale dealmaking in the US accounting sector after a hiatus caused...
...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....
...Join expert FT journalists and contributors for a live Q&A on June 12 (1200-1300 GMT+1,) to dissect what the results mean for Europe and the world....
...H&M’s operating margin was 3.9 per cent in the first quarter, more than double what it was a year earlier....
...Any reform of leasehold tenures should concentrate on removing abuses, not on creating what could become a new form of property anarchy. John H Buxton London HA6, UK...
...In the personal consumption expenditure index, which the Fed targets, it’s just housing; core PCE ex-housing is running at 2.1 per cent. Remember the story in shelter inflation....
...This laid the groundwork for Voyager 1 and Voyager 2, launched a few days apart in 1977....
...So we place Starbucks in a column alongside the declining consumer confidence surveys, a slightly weaker ISM manufacturing report, and a gently softening jobs market — all recent evidence of a nascent slowdown...
...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...
...Voyager 1 is back from the dead”, Opinion, April 27)....
...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...
...digital subscription to a $1/£1/€1 trial, are here: http://ft.com/lifeandart...
...Over the same period shares in fast fashion rival H&M, which previously reported a drop in December and January sales, are up less than 6 per cent....
...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?...
...Some special looks from the H&M collaboration, such as a cut-out blazer with a matching bra or a cropped trench jacket intended to be paired with a pair of wide-legged trousers, were developed exclusively...
...Read a transcript of this episode on FT.com...
...Just 1 per cent of UK primary schoolteachers believe the majority of their pupils possess an “adequate” level of financial literacy, according to a study that will add to pressures on the government to ensure...
...Instead, a confident and noticeably more relaxed Powell played down a recent uptick in consumer price inflation, from 3.1 per cent in January to 3.2 per cent in February, saying seasonal effects could be...
...President Joe Biden was hoping for a lift from the Federal Reserve this year. On Wednesday, the Fed dealt those hopes a blow....
...H&M, which trades on a forward price earnings multiple of 15.9 times compared to Inditex on 22.1 times, is slower than rivals to respond to trends....
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