After a succession of high-profile CEOs at M&S in the past two decades, the one who finally set the firm’s turnaround on the right path is set to leave the business in late May and will be replaced by an exec 'team'.
Body Shop, Avon and Aesop owner Natura & Co has turned in mixed results for Q4 and 2021, but net income delivered good news. The firm has also suspended its Russia ops and that will hit revenue this year.
John Lewis Partnership slashed its losses last year as sales recovered. And it has restored its staff bonus while the John Lewis chain was the growth star during the year and will see plenty of investment in 2022.
Greensboro, North Carolina-based denim group Kontoor Brands Inc. reaffirmed on Wednesday it expects to report 2022 revenue at a high single-digit percentage increase over 2021 of approximately $2.7 billion.
Premium fashion giant SMCP has faced numerous challenges in the past year but 2021 saw sales once again exceeding €1bn and in Q4 they were “at par” with pre-pandemic levels as they gradually improved during the year.
Mothercare has become the latest international retailer to suspend all business in Russia. But, unlike some, it will hit its bottom line hard as business with the country represents up to 25% of itf global retail sales.
German sportswear company Adidas said it expected a halt to its business in Russia due the war in Ukraine to put at risk up to 250 million euros ($273.10 million) of sales in 2022, while it expects a recovery in China.
Swiss duty-free retailer Dufry expects to reopen more than 90% of its sales capacity by April as travel rebounds from the pandemic slump, it said on Tuesday, after its 2021 turnover met its worst case scenario forecast.
Investment company HLD said it was in talks with L Catterton - the private equity firm backed by LVMH boss and French billionaire Bernard Arnault over buying a majority stake in the fashion company Ba&sh.