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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....
...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....
...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....
...“The H&M group is in a strong position, with a positive profitability trend and good conditions to make further improvements in 2024 . . ....
...H&M’s new chief executive Daniel Ervér has pledged to cut the time it takes to get new collections into stores....
...Yankee Candle and H&M didn’t respond to our emails. The food & dining sector follows closely in second with 72 companies....
...H&M blamed unusually hot weather in September for poor sales as the Swedish fast-fashion retailer reported a big increase in profits....
...But the latest string of lawsuits concerning pirated products have been from a list of less obvious companies, including fast fashion groups Uniqlo and H&M....
...Nunzio M TrittoSanteramo in Colle, Apulia, Italy...
...“It’s not something I’m focused on . . . This year is going to be a highly consequential year for the Fed and for monetary policy, and we’re all of us very buckled down, focused on doing our jobs.”...
...Fast-fashion retailer H&M reported a decline in operating profit in the second quarter, after it was hit by high costs, a strong US dollar and the winding down of its Russian operations....
...“The broader situation is that the economy is strong, the labour market is strong, and inflation is coming down,” Powell said....
...Goldman on Tuesday said its M&A backlog had a “really strong replenishment and improvement” in the final quarter of the year....
...Baker Tilly secured a $1bn investment led by H&F in February....
...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....
...I’m sure she hasn’t hurt ratings”....
...I’m a jacket person....
...Data published on Tuesday showed that the eurozone economy stagnated in the final three months of 2023, held back primarily by shrinking output in Germany despite strong rebounds in Spain and Italy....
...That has certainly been the case for retailing behemoth H&M, which discloses third-quarter figures on Wednesday....
...That market outcome, coupled with the economy’s strong health, favoured the Fed taking its time. “What happens if inflation doesn’t keep falling, or even rebounds?...
...“Strong growth and a strong labour market allow the Fed the luxury of making sure that inflation is properly nailed down.”...
...The Fed, together with other US regulators, has faced strong criticism from the banking industry over what would constitute the biggest change to capital requirements since the Dodd-Frank act was introduced...
...Stephen Stanley, chief US economist at Santander, said that although January’s 353,000 jobs figure was “exaggerated by seasonality”, the data was “strong across the board”....
...Evercore was initially set up like Blackstone, to advise on M&A and execute private equity buyouts. The LBO investing business was an expensive bust. But the M&A group proved more promising....
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