Mothercare has decided a management buyout is "100 percent not" an option in the future, a source familiar with the matter said on Wednesday, after Bloomberg reported that its CEO had proposed one earlier this year.
Macy's announced Paula Price as its new Chief Financial Officer on Wednesday. Price will lead all finance, accounting, investor relations and internal audit functions and will report to chairman and CEO Jeff Gennette.
Tiffany & Co’s first-quarter earnings handily beat analysts’ estimates on Wednesday, boosted by stronger sales of its high-end jewelry, leading the company to raise its annual sales and profit forecasts.
Fruit of the Loom is moving its HQ ops out of the UK with 70 jobs to be lost as a result. The US-based company is relocating manufacturing to mainland Europe and to North Africa as it optimises its supply chain.
M&S had some good news Wednesday as it reported more customers, higher e-sales and improved Clothing & Home margins. But all other figures were poor as it spent heavily to force through the change it desperately needs.