Harvey Nichols Appoints New CEO
Harvey Nichols has named Julia Goddard chief executive following the departure of Manju Malhotra — who held the post for 25 years — in late 2023.
The Italian brand may no longer be a luxury leader, but it is still an attractive asset for prospective buyers.
This week, Karl-Johan Persson steps down as H&M CEO, while Levi’s appoints a data scientist from Apple to its board.
The news came as the fast fashion retailer reported its first rise in annual profit since 2015.
After years of sluggish growth and shrinking profits, the fast-fashion giant's stock levels have ballooned into a $4 billion problem — a powerful reflection of the challenges facing the company, and the fashion sector at large.
The Swedish retail company's stock of unsold clothes is shrinking amid recent demand increase and shares up by 25 percent.
The Swedish retailer reported its fastest quarterly sales growth in three years, but analysts question how much it cut prices to get rid of excess inventory.
Gains of 36 percent have come on the back of better-than-expected sales data for the third quarter, as well as speculation that the company may soon become private.
The Swedish retailer has seen sales stall, pretax profit shrink and its shares fall over the past couple of years due mainly to slowing traffic at its budget H&M brand stores.
In April alone, chairman Stefan Persson acquired about 18.2 million shares in H&M for about $278 million — but analysts remain "as bearish as ever" on the stock.
H&M chairman Stefan Persson and his family may be about to consolidate their control of the retailer through an offer that lets investors convert dividends into new shares.
As shares of Hennes & Mauritz fall, its chairman Stefan Persson has bought an additional 20.6 million shares in the company, raising his combined investment to 39.7 percent.
TOKYO, Japan — Fast Retailing Co., Asia's largest clothing retailer, hasn't decided if it will join a safety pact to improve fire and building safety
He transformed the apparel company that his father founded into a global fast-fashion group that has made him Sweden’s richest man.
Harvey Nichols has named Julia Goddard chief executive following the departure of Manju Malhotra — who held the post for 25 years — in late 2023.
The capital injection will strengthen the company’s earlier pivot from being an African designer e-commerce site to being a business-to-business venture helping emerging brands enter global retailers.
The German sportswear company now expects to generate operating profit of around €700 million ($743 million), an increase from the previous target of €500 million.
Amid a luxury slowdown, strong performance by LVMH’s perfumes and cosmetics and selective retailing divisions show a healthy appetite for beauty.
The company, which named chief brand officer Ije Nwokorie as its next CEO, said it was anticipating a double-digit percentage decline in US wholesale revenues, which would dent overall profits.
Rising prices of personal care products could quash Americans’ habit of buying big-brand-name items for their household pantries, posing a threat to Procter & Gamble, one of the world’s biggest makers of packaged goods.
The merger arbitrage investor community turned increasingly bearish on the deal last week, as they interpreted some comments from FTC officials at a conference as negative for the deal.
The value of retail purchases, unadjusted for inflation, increased 0.7 percent from February, Commerce Department data showed Monday.