Fenwick’s decision to shut its historic Bond Street store has played a significant role in narrowing annual losses for the renowned department store chain. While this strategic move succeeded in
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Petrofac is facing the gravest crisis in its two decade history after TenneT, the Dutch electricity grid operator, cancelled a €13 billion offshore wind contract. The termination of this major
Dame Emma Walmsley has announced her departure as chief executive of GSK, marking the end of a transformative chapter for one of Britain’s most prominent pharmaceutical firms. During her tenure
River Island faces an uncertain future after its proposed restructuring plan failed to win support from all classes of creditors in a court-supervised vote. Despite achieving about 80 per cent
River Island, the high street retailer founded by the Lewis family in 1948 as Chelsea Girl, is set to implement sweeping rent cuts and close a number of stores amid
Leading suppliers have imposed stricter credit terms on Poundland, causing significant stock shortages across its 800-store network. The discount retailer, recently sold to US-based Gordon Brothers for £1, is grappling
Volkswagen has reported a staggering 40 per cent drop in profits for the first quarter of the year, significantly missing market expectations. The decline follows the decision to set aside
The organisation’s decision primarily affects ‘in-seat promotions’, where employees traditionally receive pay increases and enhanced titles without substantial changes to their roles or responsibilities. Unit heads have recently conducted team
Volkswagen AG, Europe’s largest automaker, has found itself in a precarious position following a 64 per cent decrease in quarterly net profit, primarily due to a significant downturn in sales
