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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 will close more stores than it opens this year, he added....
...“We looked at Richard Rogers’ kitchen at home [overseen by Rogers’ widow, Ruth, of The River Cafe], the island counter.”...
...Emeritus Professor Albion M UrdankUniversity of California, Los Angeles, US...
...So I’m not terribly concerned about rescission, but I recognise that is an option....
...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...
...“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....
...M&G’s share price rose by about 2 per cent in morning trading....
...Richard Armitage is a former Republican deputy secretary of state, not a former secretary of state as incorrectly stated in an article on January 11....
...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....
...Investment manager M&G has reported a 28 per cent rise in profits for 2023, in the first annual results for chief executive Andrea Rossi, who has pledged to transform the company....
...Richard Taylor never intended to have a public profile. It was the murder of Damilola that handed him one....
...Thanks, Richard. Richard MilneThanks very much....
...One of the best-known photographs from Richard Billingham’s book Ray’s a Laugh shows his father, Ray, in their Black Country council flat mid-fall, caught between an armchair and the carpet, his head about...
...Patrick M Dransfield Abu Dhabi, United Arab Emirates...
...The overall value of global M&A climbed 30 per cent to $690bn, the data showed, even as the total number of deals announced fell 31 per cent.The rebound in dealmaking comes after M&A activity plunged to...
...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....
...The number of outward M&A deals was also down from the previous quarter and the smallest since the last three months of 2020....
...JPMorgan’s vice-chair of investment banking Andy Lipsky and co-head of strategic investor group M&A Haidee Lee are leaving the bank, according to a person familiar with the matter....
...Disclosure of accounting errors had forced M&C Saatchi to adjust its reported profits for 2018 and previous years....
...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....
...Council fined the Big Four firm for failing to meet audit requirements during its review of M&C Saatchi’s accounts for the year to December 2018....
...profit is encouraging, and I think that they desperately need to have the resources to invest more in the business because it has become competitively weak over recent years in a number of key areas,” said Richard...
...Nunzio M TrittoSanteramo in Colle, Apulia, Italy...
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