Condé Nast Union Threatens Strike Ahead of Met Gala
The union delivered the announcement through a video at a bargaining session today, promising “a week of union actions” in the statement.
BoF compiles the most important professional moves of the week.
Marc Bolland will step down as the boss of retailer Marks & Spencer in April, bringing an end to a turbulent tenure in which he modernised the 132-year-old British institution, but failed to bring its clothing back into fashion.
Marks & Spencer Group Plc said it will begin its first stock buyback program since 2008 as the UK retailer charts a recovery after three years of declining earnings.
The reputations of most high street fashion retailers are tainted by the staggering human costs of making the products they sell. How has Marks & Spencer managed to be a gentle giant?
LONDON, United Kingdom — Marks & Spencer Group Plc shares fell the most in more than two months after the U.K.'s largest clothing retailer
Marks & Spencer Group hired Helen Weir to succeed Alan Stewart as chief financial officer, recruiting from one of its main UK retail competitors.
Marks & Spencer Group Plc reported a worsening drop in non-food sales, adding to the pressure on Chief Executive Officer Marc Bolland in his fifth year at the helm.
"For the first time allies of Mr Bolland say that the former chief executive of Morrisons now believes he has a shop close to his vision of what M&S
The union delivered the announcement through a video at a bargaining session today, promising “a week of union actions” in the statement.
The transaction, which includes funding from Blackstone and Goldman Sachs, values the company at $6.4 billion.
The Lithuania-based group said growth had been spurred by entering new markets including Denmark and Finland and an expansion into luxury fashion.
The Barcelona-based firm set the price guidance at €24.50 per share, according to terms seen by Bloomberg News, giving the company an implied market value of €13.9 billion ($14.9 billion).
Chairman Reinold Geiger’s investment holding company, L’Occitane Groupe SA, is considering an offer for the Hong-Kong listed firm’s shares he does not already own, at HK$33 to HK$34 per share, the report said, citing people familiar with the matter.
The private equity fund has entered into a definitive deal with the Percassi family, which will retain a “significant stake” in the business.
The company confirmed in January that it planned to restart activities in Venezuela in the first half of 2024 with local partner Grupo Futura.
The move means Shein could be liable for fines of as much as 6 percent of global revenue for violating the law, designed to curtail the spread of illegal content online.