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...H&M’s new boss has pledged that the Swedish fast-fashion chain will invest more in reacting quicker to new trends, including by bringing some of its manufacturing from Asia closer to its main markets....
...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....
...Vandevelde, 73, is presently a director at the company and will replace chief executive Fabien Simon at the start of April on an interim basis and lead a search for a new CEO....
...The first person who was ready to invest in me at an institutional level was the late Donna Lynas, a visionary curator and director....
...Now to do this, I’m gonna dive into a bit of a hypothetical situation here where I’ve spent years not covering financial news, but rather making and selling the best pizza in New York....
...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....
...At first, it was Lazard and Rothschild that Roger Altman’s boutique New York investment bank Evercore had in its sights....
...Dennis M Kelleher Co-founder, President and Chief Executive, Better Markets, Washington, DC, US...
...Analysts believe H&M faltered in the 2010s by focusing on sales growth — mostly through opening new stores — and neglecting profitability....
...of a marketplace with no barriers to entry, constant influx of new competitors,” Joanne Crevoiserat, the company’s C.E.O., told DealBook....
...“No, I’m actually a very bad student,” he says, adding an expression meaning “just kidding” that he says so often it approaches a verbal tic....
...The 44-year-old’s new role at Holcim, the largest cement manufacturer outside China, comes as the Swiss group pushes to spin off its North-American business next year....
...M&G’s share price rose by about 2 per cent in morning trading....
...Boasting glitz, glamour and an unexpected tangent about a global crisis in the cattle industry, Disco: Soundtrack of a Revolution recounts how an underground scene born in New York’s warehouses became a...
‘I’m pretty sure the word you’ve been using to describe the new Scrabble isn’t allowed’
...Wednesday’s bond deal is the latest in a flurry of new investment-grade issuance, with tight credit spreads and strong investor demand providing an attractive borrowing backdrop....
...White & Case has hired Patrick Sarch to be head of UK public M&A. He rejoins from Hogan Lovells....
...reporting by Ortenca Aliaj in New York...
...Trading in the company’s shares was suspended for 10 weeks in 2020 as PwC, its new auditor, struggled to establish the group’s true financial position in the wake of the accounting scandal, which first came...
...“The need to execute on cross-border M&A is here. It’s for many companies an existential reality. Their supply chains have been disrupted by two major global conflicts,” Pick said....
...Here’s more on the regions driving a nascent recovery in the M&A market....
...M&S’s contract with HSBC, which owns M&S Bank, is up for renewal. M&S is likely to push for more control and a bigger cut of the spoils....
...It’s wealth porn, and I’m addicted to it — largely because, in my experience, most rich people have appalling taste....
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