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Marks & Spencer to launch alumni mentoring programme

British department store Marks & Spencer has announced the launch of its first alumni mentoring programme, designed to aid in the development of its former and current colleagues. Coming as an extension of its ongoing mentoring scheme, the new programme hopes to keep the retailer’s network of alumni as active members and further allow current...

1 hour ago

Business

Burberry bans exotic skins following seven year PETA campaign

Luxury fashion label Burberry has announced it will no longer be using exotic skins in its products following a lengthy campaign by People for Ethical Treatment of Animals (PETA). The animal rights organisation, which became a shareholder of Burberry during the pandemic, has zoned in on the fashion house over several years, demanding it to halt...

1 hour ago

BusinessFeatured

THG rejects takeover offer, property mogul Nick Candy also mulling bid

British e-commerce giant The Hut Group (THG) has turned down a 2 billion pound takeover offer from two investment companies after saying it undervalued the business. The group said late Thursday that it received an unsolicited takeover bid from Belerion Capital Group Limited and King Street Capital Management of 170 pence per share. It rejected...

1 hour ago

Business

John Lewis appoints new executive director for people, Lisa Cherry

The John Lewis Partnership has announced the appointment of Lisa Cherry as its executive director for people. Starting September, Cherry will be joining the Partnership from the Post Office, where she is currently serving as group chief people officer. She has also previously worked in senior roles within Sainsbury’s, WHSmith and Wyevale Garden...

2 hours ago

BusinessFeatured

Growth across core geographies boosts Richemont's sales and profit

Compared to the prior year, sales at Richemont grew by 46 percent at actual exchange rates and by 44 percent at constant exchange rates to 19,181 million euros, as growth rebounded in all major markets and distribution channels. The company said strong sales growth rates experienced throughout the first three quarters of the fiscal year...

2 hours ago

Business

Eco-friendly sneaker start-up, Psudo, raises three million dollars in seed funding

US sneaker brand Psudo has announced the completion of a three million dollar seed financing round, led by SternAegis Ventures. The sustainable start-up, which utilises Repreve yarn for its sneakers, will use the funding to develop plans to establish a new standard for sustainable manufacturing that will allow shoes to be created on demand....

2 hours ago

Business

Pantone partners with Spatial Labs on wearable metaverse technology

Colour authority company Pantone has revealed a new partnership with Spatial Labs (sLABS) with the launch of a wearable hardware product that looks to standardise colours in the metaverse. Coined by sLABS as ‘the wearable internet’ and entitled LNQ, the device hopes to enhance user experience in Web3. Founded by Iddris Sandu, the technology has...

3 hours ago

Business

Deckers Brands president of performance lifestyle steps down

Deckers Brands has announced that after seven years leading the Hoka and Teva brands to new heights Wendy Yang is stepping down from her role as president of performance lifestyle, effective as of the end of the month. "Over the last seven years, our Performance Lifestyle segment has delivered immense growth – with nearly 900 million dollars in...

4 hours ago

BusinessFeatured

VF's Q4 sales increase 9 percent, earning jump

VF Corporation’s fourth quarter revenue of 2.8 billion dollars, rose 9 percent or 12 percent in constant dollars. Earnings per share of 21 cents, increased 32 percent; while adjusted EPS of 45 cents, was up 67 percent. Full year revenue of 11.8 billion dollars, increased 28 percent or 27 percent in constant dollars. Excluding acquisitions,...

5 hours ago

Business

Ross Stores Q1 sales and earnings decline

Ross Stores, Inc. reported earnings per share of 97 cents on net earnings of 338 million dollars for the first quarter compared to 1.34 dollars per share on net income of 476 million dollars for the 13 weeks ended May 1, 2021. Sales for the quarter were 4.3 billion dollars versus 4.5 billion dollars in the prior year period, while comparable...

5 hours ago

BusinessFeatured

Deckers Brands reports increase in Q4 net sales and earnings

Deckers Brands reported net sales increase of 31.2 percent to 736 million dollars for the fourth quarter. On a constant currency basis, net sales increased 31.7 percent. The company’s full year net sales increased 23.8 percent to 3.150 billion dollars, while on a constant currency basis, net sales increased 23.2 percent.. "Fiscal year 2022 was...

5 hours ago

Business

Björn Borg posts 22.7 percent sales growth

For the period between January 1 to March 31, 2022, the Björn Borg Group’s net sales amounted to 226.6 million Swedish krona, an increase of 22.7 percent. “2022 began very strongly with 22.7 percent growth compared with the previous year, and I can see that our momentum from 2021 has continued into 2022,” said Björn Borg CEO Henrik Bunge. The...

6 hours ago