Hudson’s Bay Co shareholder Paradise Developments on Wednesday became the latest investor to oppose Chairman Richard Baker’s C$1.74 billion take-private offer for the department store operator, calling it inadequate.
At an investor day in London on Tuesday, M&S management owned up to something the retail sector had probably assumed for some time – that its turnaround program for its troubled fashion ops is way behind schedule.
Asos has had its challenges in recent periods and its share price has suffered, but the shares rose on Wednesday morning after the company said it has beefed up its board with some key non-exec director appointments.
Deutsche Post DHL set a new target for an operating profit of 5.3 billion euros for 2022 and plans to invest heavily in areas like warehouse automation and analytics as it aims to keep up with fast-growing e-commerce.
The retail chain announced on Tuesday that it has completed the sale of its remaining European real estate and joint ventures to Signa Retail, as the company seeks to focus its attention on its North American operations.
Mastercard has teamed up with Levi Strauss & Co., VF Corporation and Marks & Spencer to trial a new hybrid digital payment scheme for garment factory workers, seeking to improve security, efficiency and transparency.