John Lewis Partnership Plc may dilute its famous employee-owned structure to raise new investment as UK retail conditions worsen, the Times reported, without saying where it got the information.
Six more U.S. senators on Friday backed bipartisan legislation to give President Joe Biden new powers to ban Chinese-owned video app TikTok on national security grounds as the Chinese company ramped up efforts to get its story heard in Washington before an important hearing next week.
L’Oreal SA and Permira are among suitors competing for a stake in high-end cosmetics brand Aesop, people with knowledge of the matter said.
On June 15, the LVMH-owned fur and leather house will open the doors of its new factory in Tuscany to press and clients to present its Mens Spring/Summer 2024 collection.
The owner of Kay Jewelers and Zales attributes the dip in engagements this year to the dating dry spell during the depths of the pandemic.
Asia was an outlier for Zara owner Inditex last year, the only region where profits fell as China faced Covid-19 lockdowns, while profit ballooned in the Americas, the fashion retailer’s annual report showed on Thursday.
John Lewis Partnership intends to cut another 1,000 roles as part of a wide-ranging restructuring in yet another blow to Britain’s beleaguered retail industry.
Adrian Ward-Rees joins luxury brand Amiri as its new chief executive officer, and is expected to start Apr. 1. Ward-Rees mostly recently served as senior vice president at Burberry.