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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?”...
...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....
...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....
...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....
...“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....
...“I don’t think we’re Nimbies, because I’m not pushing airport expansion elsewhere.” Hewitt, 44, acknowledges that people want to fly....
...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....
...“But there is a decent selection and I’m optimistic I can find one.” An area traditionally dominated by co-op apartments, the Upper East Side is today home to a growing number of new condo buildings....
...“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...
...H&M blamed unusually hot weather in September for poor sales as the Swedish fast-fashion retailer reported a big increase in profits....
...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....
...I’m waiting for an answer.” Kristersson said he was “concerned” about how the summit would unfold....
...I’m joined now by the FT’s Nordic and Baltic correspondent Richard Milne. Hi, Richard. Richard Milne Yeah, hi there. Marc Filippino So what exactly did Tesla sue over?...
...“I’m not really into world records,” he says. “I’m interested in craftsmanship and making a very wearable, elegant watch.”...
...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...
...Richard Gladwin, half of the Local & Wild Restaurant Group, loves making Aga toast between two metal racks....
...Richard Chamberlain, an analyst with RBC Capital Markets, said the purchase would increase JD’s presence in the US market, but “the concern now is that JD is somewhat substituting organic growth with M&A...
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