John Lewis has won the planning permission it wanted to allow it to convert almost half of its Oxford Street, London, flagship store into office space as part of its new strategy to return to sustainable profits.
The list of potential bidders for Debenhams has got smaller with news that deep-pocketed Reliance Retail has dropped out. It's also been suggested that the owner of its Oxford Street store wants to break the lease.
H&M’s quarterly profits are always big news, but Thursday’s report was overshadowed by the announcement that the company has a new CEO. Helena Helmersson is taking over from long-time CEO Karl-Johan Persson.
Following the recent Global Change Award ceremony, the H&M Foundation teamed up with crowdfunding platform Indiegogo to help the award winners raise additional funding and boost their projects’ visibility.
H&M’s latest board appointment underscores the importance of digital to mass-market fashion retailers with the company proposing Danica Kragic Jensfelt to be elected at its annual general meeting on May 7.
Swedish fast fashion giant H&M has recommended appointing Stina Honkamaa Bergfors and Erica Wiking Häger to its board of directors. The company also proposed Stefan Persson be re-elected as chairman of the board.