Inditex ignited by post-lockdown clothing binge
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Nestlé releases the results from its Annual General Meeting
Vevey, Switzerland, Nestlé S.A. shareholders approved all of the Board of Directors' proposals at the 154th Annual General Meeting (AGM) that took place in Vevey today. This included the election of Lindiwe Majele Sibanda to the Board of Directors. Due to concerns for the health and safety of shareholders and in line with the current rules of the Swiss authorities, shareholders could not attend the meeting in person. All legal proceedings were carried out as required. Shareholders were able to exercise their voting rights through the Independent Representative, who acted on behal...
Source: nestle.com
Fast fashion brands find the going tough in China--China Economic Net
Recent reports that leading apparel retailer Gap Inc is weighing options, including a potential sale of its business in the Chinese mainland, indicate how the fierce competition among fast-fashion brands is pushing them to further expand their physical presence and enhance digital-powered retail ecosystems. The San Francisco-based clothing retailer is working with an adviser to study various options and has reached out to prospective suitors to gauge interest for the business, said sources, according to Bloomberg. The firm, which owns Banana Republic and its namesake Gap brands, entered...
Source: en.ce.cn
Fast fashion brands find the going tough in China
Fast fashion brands find the going tough in China By Wang Zhuoqiong | China Daily | Updated: 2021-03-13 07:25 Share CLOSE A retail shop of Gap Inc in Changzhou, Jiangsu province. [Photo by Wang Qiming/for China Daily] Recent reports that leading apparel retailer Gap Inc is weighing options, including a potential sale of its business in the Chinese mainland, indicate how the fierce competition among fast-fashion brands is pushing them to further expand their physical presence and enhance digital-powered retail ecosystems. The San Franc...
Source: chinadaily.com.cn
Profits down at Zara owner Inditex but dividend is intact
The owner of Zara is looking forward to “healthy” sales when shops eventually reopen after Covid-19 restrictions dragged down profits by 70 per cent.Inditex, which also owns the Massimo Dutti and
Source: thetimes.co.uk