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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....
...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...
...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....
...Analysts believe H&M faltered in the 2010s by focusing on sales growth — mostly through opening new stores — and neglecting profitability....
...I have this pizza restaurant that I’ve built up and I’ve run it for years. Everyone loves my pizza. I’m really proud of it. But now I’m done with that. I want to sell it and I’m looking for a buyer....
...the consumer’s journeys, that we continue to leverage data to get deeper and deeper into those use occasions and their journeys and their needs emotionally and functionally....
...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....
...The H&M partnership is an unexpected win for the budding label, which has been entirely self-funded and remains independent....
...Rossi said M&G’s performance “underscores the importance of our balanced and diversified business model, with strong growth achieved despite continued macroeconomic uncertainty”....
...Nunzio M TrittoSanteramo in Colle, Apulia, Italy...
...The group is split into an active asset management arm, a life insurance and pensions business and a financial advice business. M&G’s share price rose by about 2 per cent in morning trading....
...At a time when rental accommodation is prohibitively expensive, any and all change of use is to be encouraged. The Tower Hill conversion is considerate and well-conceived....
...The number of outward M&A deals was also down from the previous quarter and the smallest since the last three months of 2020....
...Emeritus Professor Albion M UrdankUniversity of California, Los Angeles, US...
...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....
...H&M blamed unusually hot weather in September for poor sales as the Swedish fast-fashion retailer reported a big increase in profits....
...the FRC.The disclosure of accounting errors forced M&C Saatchi to adjust its headline profits before tax by £14mn and its statutory pre-tax profits by a total of £28.1mn for 2018 and previous years....
...Zara and H&M shoppers may not demand fine-dining at their local outlet but fast fashion retailers can learn from their luxury peers....
...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....
...Disclosure of accounting errors had forced M&C Saatchi to adjust its reported profits for 2018 and previous years....
...Here’s more on the regions driving a nascent recovery in the M&A market....
...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....
...It’s wealth porn, and I’m addicted to it — largely because, in my experience, most rich people have appalling taste....
...“We’re back to average, or back to normal,” said Andre Kelleners, Goldman Sachs head of M&A in Europe, the Middle East and Africa....
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