Kering

Saudi wealth fund looks to up Selfridges stake to 50%

Saudi Arabia’s Public Investment Fund has reportedly made an offer to raise its stake in Selfridges from 10% to 50%,…

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Today’s news in brief-26/4/24

The Office for National Statistics (ONS) has reported a significant rise in shoplifting offences in England and Wales, reaching over…

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Burberry faces takeover threat after share drop

Burberry is at risk of takeover after losing a fifth of its value since the start of the year, The…

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Today’s news in brief-24/4/24

Bérangère Michel, the executive director of finance for the John Lewis Partnership, is resigning after 16 years with the company.…

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Kering revenues dip 11% to €4.5bn in Q1

Kering’s revenues were down 11% to €4.5bn (£3.8bn) for the first quarter of 2024 as Gucci, Yves Saint Laurent and…

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Today’s news in brief-22/4/24

Investors from the Middle East and China are eyeing Selfridges following Signa’s financial struggles, leading to restructuring and insolvency. Central…

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Middle East and Chinese investors eye up Selfridges

Investors from the Middle East and China are reportedly eyeing up Selfridges amid the financial troubles of its Austrian co-owner…

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Gucci appoints new deputy CEO

Gucci has announced the appointment of Stefano Cantino as the brand’s new deputy chief executive officer, reporting to Jean-François Palus,…

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Levi’s names incoming CCO

Levi’s has announced the appointment of Gianluca Flore as executive vice president and chief commercial officer, effective from 29 July. …

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Today’s news in brief-20/3/24

UK inflation dropped to 3.4% in February 2024, surpassing economists’ expectations of 3.5%. This decline was mainly attributed to easing…

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