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...H&M spent last year prioritising profitability over sales growth by closing stores and raising prices....
...“I’m not excluding some sort of industrial integration in the future” such as combining sales or technology efforts, he said.A representative for ProSieben declined to comment....
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...H&M will close more stores than it opens this year, he added....
...If you see someone wearing Alphaville’s exclusive “I ❤️ Charts” tee there’s a reasonably high chance it’s Simon M. (Please respect his privacy.)...
...I’m afraid I can’t share the enthusiasm for IBM’s new “cash-balance” pension plan as described in Brooke Masters’ column “Could a US pensions revolution be on the cards?”...
...So I’m not terribly concerned about rescission, but I recognise that is an option....
...Additional contributions from Tee Zhuo and Gordon Smith...
...Additional contributions from Tee Zhuo and Benjamin Wilhelm...
...Thanks, Richard. Richard MilneThanks very much....
...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....
...Additional contributions from Benjamin Wilhelm and Tee Zhuo...
...Thanks, Richard. Richard Waters Well, it’s a pleasure....
...“I have cut back on my international travel, which means I’m in London most of the time, so I’m much more engaged in the work of The Lancet . . ....
...“I’m a little bit worried about this rather belligerent talk about Russia going to test Article 5 [Nato’s collective defence clause], and that Europe is next in line....
...The H&M collection is priced from €34.99 for a baby tee to €399 for outerwear such as the stud blazer or double-layer trench coat....
...The back tee is almost surrounded by forest and you have to keep your drive left to avoid a vast rocky outcrop....
...“I feel, in my life, like I’m writing one big piece,” she has said, but it does not sound like that....
...Here’s what else I’m keeping tabs on today: Economic data: The UK reports labour market figures, while Germany has its June consumer price index and ZEW’s economic sentiment survey....
...Additional reporting from Tee Zhuo and Benjamin Wilhelm...
...“At the moment, I’m sheriff for only half the county . . . and my arsenal is weaker than other regulators....
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