Boohoo Group announces leadership changes, promoting Tim Morris amid tension with Frasers Group.Non-executive director Tim Morris steps up as independent chair with immediate effect.Mahmud Kamani transitions…
Browsing: financial strategy
Mulberry continues to face financial challenges, reporting a significant operating loss for the first half of 2024.The British luxury brand’s operating loss reached £13.1 million, a…
M&S faces a significant financial challenge due to recent National Insurance changes.The retailer plans to absorb this cost without increasing prices for customers.CEO Stuart Machin emphasizes…
Boohoo Group announces CEO John Lyttle’s departure as it secures key financial backing.Lyttle ends a five-year tenure amidst a £222 million refinancing deal for Boohoo Group’s…
Frasers Group, led by Mike Ashley, proposes an £83m acquisition of Mulberry, voicing concerns over the retailer’s financial engagement. This strategic move comes after Mulberry’s announcement…
Playtech, a leading gambling software company, revises its earnings forecast positively following strategic developments.The firm’s B2B segment shows significant growth, prompting an optimistic outlook for future…
Mulberry is initiating a strategic financial maneuver to raise over £10 million, addressing declining profits and aiming to stabilize its financial standing following a challenging fiscal…
Seasalt, a prominent Cornish brand, has appointed Louise Couch as its new CFO, a strategic move for its global expansion.Louise Couch brings extensive experience from high-profile…
Deliveroo’s CEO, Will Shu, has sold £15 million worth of shares after the company recorded its first profit since going public.Shu sold 9.4 million shares between…
Boohoo Group is actively exploring the sale of its Soho office, initially acquired for £72 million in 2021.Current discussions with potential buyers for the 43,963 sq…