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It has been announced that American fashion icon Donna Karan is to step down from her own company after more than 30 years at the helm.This comes as the fashion designer will be focussing on her Urban Zen line which concentrates on wellness and artisanal goods.Ms Karan will continue to...
Last night the 2015 HR Excellence Awards took place and fashion retail giant River Island had a very successful evening, collecting three gongs: Best HR team – private sector, most effective recruitment strategy and the overall gold award.As well as winning three awards for the company, River Island’s HR director...
Figures from Kantar Worldpanel have suggested that the UK grocery market slipped 0.1% in the 12 weeks ended June 21st compared to the previous year, although Morrisons showed the largest sales increase among the ‘big four’ retailers for the second month in a row.According to the study, Morrisons recorded sales...
The former boss of travel firm Thomas Cook has confirmed that she will be donating a third of her £5.7 million bonus to a charity chosen by the parents of two children who died on holiday in Corfu.Thomas Cook faced criticism over its handling of the deaths of Christi and...
Virgin Atlantic has said that it is to cut 500 management and support jobs as part of a programme to streamline the airline’s structure. Although the locations of the job losses haven’t been disclosed, the carrier said that the cuts will be made through redundancies and re-deployment and will not...
A South Korean court has rejected an attempt by a US investor fund to prevent a shareholder vote on a proposed merger of two key Samsung subsidiaries.The American activist fund, Elliot, has said that the merger of Cheil Industries, a Samsung holding company and its sister firm, construction group Samsung...
Popular department store House of Fraser has announced that it is to open a new store in the UK at Rushden Lakes retail and leisure park in Northamptonshire. This will be the first store to open in the UK since 2008 and is looking to open its doors in 2017. House...
Electronic company Sony has seen its shares drop 8% after it announced a wide-ranging fundraising plan, which will see it sell shares and convertible bonds. Sony is looking to raise around 440 billion yen ($3.6 billion; £2.28 billion) and said the investment would help its image sensor business. In order to return...
Ocado is close to a deal with an international retailer that will allow them to expand their international footprint, according to reports.Tim Steiner, chief executive of Ocado has previously said that the retailer had developed Ocado Smart Platform to “target international online retail business opportunities” adding that “we continue to...
The parent company of Moonpig, Photobox, looks likely to change its plans for a flotation on the London Stock exchange after it received approaches from private equity firms interested in buying the business.Photobox, operates a group of online businesses, including PaperShaker, Sticky9 and its namesake Photobox brand.It is thought that...
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