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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....
...I’m really proud,” he said. He added that the one thing that defined Supercell was only putting out games that met its high quality standards. “What is the price we are willing to pay for a value?”...
...“I’m a big believer in the importance of financial services and Goldman Sachs is a great institution....
...“I’m in favour of letting the market decide. If it succeeds, we’re all better off and if it doesn’t, well, the exchange’s investors lost.”...
...H&M will close more stores than it opens this year, he added....
...So I’m not terribly concerned about rescission, but I recognise that is an option....
...“I’m not saying it’s good but in America you have a lot of AI and no regulation, in Europe you have no AI and a lot of regulation. It’s interesting,” he added....
...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....
...“He would say, ‘I’m actually not worth four-and-a-half billion dollars. I’m actually worth more like six,’’’ Cohen testified....
...“He’s an admitted liar,” Blanche said, adding that Cohen was “obsessed with President Trump — even to this day”....
...Thanks, Richard. Richard Waters Well, it’s a pleasure....
...“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....
...“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 feel, in my life, like I’m writing one big piece,” she has said, but it does not sound like that....
...“At the moment, I’m sheriff for only half the county . . . and my arsenal is weaker than other regulators....
...Democratic Senator Richard Blumenthal welcomed a recent agreement for American sports magnates to inject $3bn into the PGA Tour’s commercial operations, and warned of intense scrutiny if the Saudi sovereign...
...Richard McGregorYes, India on the other side. I’m thinking about maritime Asia....
...Reform’s current leader Richard Tice has floated the idea of his predecessor returning as an election candidate but sought to dispel rumours that he would take the party’s helm....
...“I’m proud to see how our ambition to mass produce the world’s greenest battery attracts top-tier financial partners, as global capital is looking to invest in electrification and climate change mitigation...
...Though Medine Cohen is a short-shorts veteran, we have a slew of enthusiastic newcomers too....
...H&M blamed unusually hot weather in September for poor sales as the Swedish fast-fashion retailer reported a big increase in profits....
...And I’m afraid that a very large number of people in this country believe they would not have.”...
...In M&A news, consolidation in the US shale oil sector continues, this time with the announcement yesterday of Diamondback Energy’s $26bn tie-up with Autry Stephens’ Endeavour Energy Resources....
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