Boohoo Group has announced a new CEO from rival Primark with current co-CEO Carol Kane set to stand down as part of a board re-alignment. But Kane will remain heavily involved with company and will take on a new role.
H&M has consistently disappointed in recent periods. But the retail giant seems to have turned its fortunes around in Q3 saying it saw higher local-currency sales growth than anyone had expected for the summer quarter.
Australia’s BWX Ltd, a marketer of branded skin and hair care products, said on Monday it will remain independent after a Bain Capital-led consortium failed to submit a binding proposal and withdrew its takeover offer.
French fashion house Chanel said Friday it had moved staff from New York to its global hub in London, a welcome change for the British capital which has been under threat of companies pulling out because of Brexit.
Mike Ashley, the founder and majority owner of sportswear retailer Sports Direct , said he had been "stabbed in the back" by shareholders, warning that future engagement with them would be "extremely challenging".
German retailer Metro AG plans to sell its struggling Real hypermarket chain, which some analysts say could fetch around 1 billion euros and attract interest from potential buyers including online giant Amazon .
Sears Holdings Corp reported a smaller decline in quarterly same-store sales on Thursday, but warned again that there is doubt about the company’s continued operation as it awaits approval to sell some of its businesses.