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Hennes & Mauritz
H&M and Northvolt investor fund startup to cut fashion industry emissions
...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....
March 6, 2024
Hennes & Mauritz
New boss seeks to make H&M even faster at fashion
...H&M spent last year prioritising profitability over sales growth by closing stores and raising prices....
February 4, 2024
FT Live
Future of Retail
Securing long-term business growth with technology innovation
Tuesday, 17 SeptemberLondon, UK
Venture capital investment
Vinted weighs €200mn share sale as sustainable fashion booms
...Rivals in the retail industry meanwhile such as Sweden’s H&M, with its garment collection scheme, and online retailers Asos and Zalando are keen to tap the nascent demand for second-hand fashion....
October 25, 2023
Hennes & Mauritz
New H&M chief vows to end years of stagnating sales growth
...H&M will close more stores than it opens this year, he added....
March 27, 2024
Hennes & Mauritz
H&M ‘cautiously positive’ about China after consumer boycott
...Helmersson referred to the “geopolitical challenges” H&M faced in both China and Russia, where it has shut its business after Moscow’s invasion of Ukraine....
October 4, 2022
Hennes & Mauritz
H&M chief quits as fashion chain struggles to lift profits
...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....
January 31, 2024
FT Live
Business of Luxury Summit
Gathering leaders in luxury for the 20th year
Sunday, 19 MayVenice, Italy
News updates from September 27: Soldier Travis King ‘in US custody’, Argentina’s poverty rate hits 40%
Sweden’s H&M blames hot weather for drop in sales
...H&M blamed unusually hot weather in September for poor sales as the Swedish fast-fashion retailer reported a big increase in profits....
September 27, 2023
Letter
Letter: Hoof it up the pitch = Evertonian Boyle’s Law
...A couple of years ago, inspired by Everton’s depressing form, I developed a variant of Boyle’s Law which goes: QM=1/H where QM is the quality of the midfield and H is the number of times the goalie has to...
January 5, 2024
Letter
Letter: How US avoids complicity in the Gaza catastrophe
...Second, in 1971 Richard Nixon’s secretary of state, William Rogers, supported a political settlement of the Arab-Israeli conflict, including withdrawal from territories occupied in the six-day war of 1967...
March 13, 2024
IPOs
Klarna studies ‘eventual IPO’ after first profit in 4 years
...Klarna, which partners with retailers including H&M, Ikea and Airbnb, earlier this autumn launched an AI-powered feature allowing its customers to find where to purchase items at advantageous deals by snapping...
November 6, 2023
Letter
Letter: Colourful contradictions on climate change
...Bernard H Casey London TW1, UK...
July 21, 2023
US interest rates
The new question for the Fed: how long to keep rates high
...That could prove problematic if the economic data remains strong, warned Richard Clarida, who previously served as the Fed’s vice-chair and is now at bond manager Pimco....
November 2, 2023
ObituaryIris Apfel
Iris Apfel, interior designer and fashion icon, 1921-2024
...During the last decade of her life, she landed campaigns with companies including Kate Spade, Magnum and eBay and worked on limited-edition collaborations with the likes of H&M and Mac Cosmetics....
March 9, 2024
Hennes & Mauritz
H&M shares jump 16% as it ekes out a profit
...High stock levels have long been a problem for H&M, which targets 12-14 per cent of sales for inventory, as it leads to fewer full-price sales....
March 30, 2023
Live news updates from January 27: US consumer spending softens, Goldman’s CEO takes 30% pay cut
H&M profits collapse after hit from strong dollar and higher costs
...H&M, which lags behind Inditex — the Spanish owner of Zara — in both sales and profitability, launched a SKr2bn cost-cutting programme last year that included 1,500 job losses....
January 27, 2023
FT Live
Financial Times @COP
FT Live events coinciding with COP
Monday, 11 NovemberBaku, Azerbaijan
Letter
Letter: Action is needed to let Ukraine use Russia’s frozen assets
...Ambassador to Ukraine 1998-2000 Amb Stephen SestanovichSenior Fellow, Council on Foreign Relations, Professor, Columbia University, the US Ambassador-at-Large for the former Soviet Union 1997-2001 Amb Richard...
November 3, 2023
Hennes & Mauritz
H&M profits tumble after Russia exit and soaring costs
...H&M’s sales in the fourth quarter were up 10 per cent to SKr64.4bn, but were flat in local currency terms....
January 27, 2023
Letter
Letter: Russia’s east Slav identity will shape Putin’s successor
...Robert H Wade Professor of Global Political Economy London School of EconomicsLondon WC2, UK...
February 1, 2023
Associated British Foods PLC
Primark owner raises profit outlook on strong demand and higher prices
...Other fashion retailers including Zara owner Inditex and H&M have reported a strong start to the summer. Shoppers have been grappling with stubbornly high inflation in the UK, especially for food....
June 26, 2023
Pandora AS
Pandora takes advantage of property downturn as it opens new stores
...H&M, the Swedish fashion retailer, for instance closed 336 stores last year — about 7 per cent of its total — on a net basis, and said it would shut another 100 in 2023....
February 18, 2023
Letter
Letter: ‘Russia is inalienable part of Europe’ — Putin (2003)
...Richard Wright London NW8, UK Letter in response to this letter: Russia’s east Slav identity will shape Putin’s successor / From Robert H Wade, Professor of Global Political Economy, London School of Economics...
January 23, 2023
Moral Money
The death of carbon neutrality? Premium content
...Richard H Lawrence Jr, chair of both the Asia-focused asset manager Overlook Investments Group and of the non-profit Carbon Mapper, hopes to see a climate equivalent to the gruelling qualification known...
September 25, 2023
The Art Market
Art Basel Hong Kong shows there’s life in the city’s art market yet
...Pearl Lam closed her H Queen’s gallery in 2020 and Ora-Ora moved to the revamped Tai Kwun Centre in 2021. International galleries David Zwirner and Pace remain in H Queen’s....
March 23, 2023
UnhedgedRobert Armstrong
Is the Fed ignoring market risk? Premium content
...Powell, therefore, should further tighten policy, bringing markets to heel (Richard Bernstein recently made this sort of argument in the FT; Mohamed El-Erian presented a different version on Bloomberg.)...
February 2, 2023
Watches & Jewellery
Dial shifts on what defines a woman’s watch
...“We are sometimes scared to label watches by gender,” says Edouard Meylan, chief executive of independent watchmaker H Moser & Cie, citing the risk of a backlash against brands that market themselves specifically...
May 12, 2023

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