Business
Companies, capital, earnings, investment, acquisitions and the economics of consumer products.
Retail ranked Europe’s ‘most distressed sector’ amid rising costs and weak demand
Retail and consumer goods remains Europe’s most distressed sector, reaching its highest level since the global financial crisis as rising costs, weak consumer demand and pressure on profitability continue to weigh on the industry.
Nadine Merabi appoints new Non-Executive Director for ‘next phase of growth’
Luxury womenswear brand Nadine Merabi has appointed Louise Greenlees as Non-Executive Director, further strengthening the company’s newly formed board as
John Smedley boss appointed new Chairman of Campaign for Wool
Ian Maclean, Chairman of John Smedley, has been appointed Chairman of the Campaign for Wool, succeeding the late Peter Ackroyd, who passed away in July 2026.
Sweaty Betty reports 4.5 percent revenue growth while restructuring impacts profitability
Sweaty Betty reports 4.5% revenue growth to £146.72 million, while restructuring efforts impact profitability, leading to a net loss.
Kimberly-Clark advances Kenvue acquisition with debt swap and EU remedies
Kimberly-Clark has begun restructuring preparations for its planned Kenvue acquisition by offering holders of Kenvue notes an exchange for up to US$7
Armani prepares stake-sale talks with L’Oréal, LVMH and EssilorLuxottica.
Armani CEO Giuseppe Marsocci has stated that the Italian luxury group is open to involving multiple investors in the sale of the 15% stake,
TALA heads to Edinburgh for first store outside of London
London-based activewear brand TALA is gearing to open a new store at Westfield St James Quarter in Edinburgh in November 2026.
Lululemon's identity crisis continues, with comp sales down 9%, as it prepares to welcome new CEO
Lululemon faced many questions from Wall Street analysts about if it had correctly diagnosed the challenges it faces.
Johnson & Johnson Appoints Aviva Wein as Global Vice President of Litigation
Essity is acquiring Kenvue’s Brazilian feminine care business for US$284 million, expanding its position in hygiene and health through the addition of three established brands and local manufacturing capabilities
Einride targets 1,500 trucks by 2028 with Tesla and DAF deals
Einride's first public earnings pair 26% revenue growth with a driverless freight plan to triple its fleet on Tesla and DAF trucks by 2028.
Harris Tech’s refurbished business fuels record fiscal year
Harris Technology closed the fiscal year as revenue reached $4.3 million, bringing full-year sales to $17.8 million
Bottega Veneta appoints Romain Spitzer as CEO
Kering has appointed Romain Spitzer as Chief Executive Officer of Bottega Veneta, with the luxury executive set to take up the role on 1 September as the Italian fashion house enters its next phase of growth.
Norfolk Southern CEO says railroad must focus on today and tomorrow
Norfolk Southern’s CEO says the railroad is prioritizing both improving current service and pursuing a merger with Union Pacific.
Former Burberry CEO Christopher Bailey buys British ceramics house
Christopher Bailey, the former Chief Executive and designer at Burberry, has joined a small group of investors to acquire Burleigh Pottery, a British Christopher Bailey, the former Chief Executive and designer at Burberry, has joined a small group of investors to acquire Burleigh Pottery, a British ceramics house founded in 1851.
Shopping with AI leads to more sales than by traditional online searches
Shopping with the help of AI is now leading to more sales in the UK than those via more traditional online searches, figures suggest.
People Moves, April 2026: Ganni, Puma, John Lewis and more...
This month's people moves have been dominated by a dance of musical chairs in the sportswear industry, with Puma leading the way. As the company looks to establish itself as a top-three global sports brand it has made no less than three new executive hires.
