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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....
Main shareholder JAB Holding seeks to shake up business after period of sustained share price underperformance
...shortage of copper because of a lack of new mines under development — even as demand is set to almost double to 50mn tonnes per year by 2035 because of the boom in renewables, EVs and AI — according to S&...
...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...
...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....
...H&M will close more stores than it opens this year, he added....
...The H&M partnership is an unexpected win for the budding label, which has been entirely self-funded and remains independent....
...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....
...The most interesting moment of the conference — which was, overall, a monument to stasis — was when a reporter asked if the loosening of financial conditions had contributed to 2024’s strong growth (and...
...Neither the monster national players (JPMorgan Chase, Bank of America, Wells Fargo, Citigroup) nor the regionals (PNC, M&T, et al) have had much to say about the economy’s effect on credit quality....
...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....
...H&M blamed unusually hot weather in September for poor sales as the Swedish fast-fashion retailer reported a big increase in profits....
...H&M’s new chief executive Daniel Ervér has pledged to cut the time it takes to get new collections into stores....
...The stock has gained nearly 40 per cent over the past 12 months, outpacing the S&P 500’s 20 per cent rise....
...Nunzio M TrittoSanteramo in Colle, Apulia, Italy...
...“I’m very grateful to Katie for her support in seeing M&S through this important period in the reshaping of the business....
...“M&S’s decision to increase minimum pay levels in line with numerous other supermarkets reflects this reality,” Speke said....
...S said on Friday....
...M&S and John Lewis, they will have to run faster.” M&S cannot afford distractions....
...H&M, the world’s second-largest clothing retailer, was the best performer on the Stoxx Europe 600, with shares up 15.2 per cent after the group reported rising operating profits in the first quarter, signalling...
...Over the same period shares in fast fashion rival H&M, which previously reported a drop in December and January sales, are up less than 6 per cent....
...Tim Steiner, Ocado’s chief executive and co-founder, insisted the relationship with M&S was strong, but added: “We believe that we have a very solid case to get full payment, we know that M&S may not entirely...
...It’s a lot cheaper than the S&P 500 because the S&P 500’s price-to-book value has really gone up in recent years....
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