Chanel chooses former Unilever boss Leena Nair as new CEO
The luxury fashion house Chanel has chosen Leena Nair, an industry outsider from India and long-time executive at Unilever, to be its new CEO.
Analysts...
Boohoo warns over sales and earnings outlook
Online fashion firm Boohoo has warned over sales and earnings after being hit by supply chain disruption, surging costs and customers returning more garments.
The...
Primark report trading has been ahead of expectations
Fast fashion chain Primark has been trading better than expected over the last three months, its owner said on Friday, despite problems at ports...
Frasers launches £70m shares spending spree
Mike Ashley’s retail empire has announced the start of a £70 million spending spree to buy up stock in the company in an attempt...
Frasers forecasts full-year profit leap
Frasers Group has reported surging half-year profits and forecast a jump in annual earnings despite revealing a hit from supply chain costs and pandemic...
Ted Baker chairman John Barton dies
The chairman of Ted Baker, who also once led the boards of easyJet and Next, has died, the company said on Monday.
John Barton passed...
Marks and Spencer buys stake in women’s fashion brand Nobody’s Child
Marks & Spencer has bought a 25% stake in womenswear brand Nobody’s Child.
The minority investment is the latest move by the retail stalwart to...
Burberry speeds up high-spending store rollout
Luxury fashion group Burberry has said it will ramp up the rollout of new stores targeted at higher-spending customers as it revealed surging profits...
Primark will not raise prices despite surging costs, bosses promise
Primark will not increase its prices despite soaring costs, the boss of the fashion retailer’s parent firm Associated British Foods (ABF) has said.
George Weston,...
Watches of Switzerland raises sales guidance after strong UK sales jump
Watches of Switzerland has lifted its sales and earnings guidance on the back of a strong post-pandemic recovery, sending shares surging in early trading.
The...