Lidl profits quadruple as it wins £58m from big grocers in past month
Lidl’s full-year pre-tax profits jumped from £9.8m to £41.1 m. The discounter is winning spend from traditional supermarkets with £58m shifted to its stores over the past month
Inside Estée Lauder’s US$2.8 billion acquisition of Tom Ford: the beauty giant’s biggest-ever deal would be a historic moment for the former Gucci and YSL designer, joining MAC and Clinique
Estée Lauder’s to-be-announced acquisition of Tom Ford would include licensing agreements of the brand’s eyewear and apparel business, said an inside source. The company’s suits were licensed by Ermenegildo Zegna Holditalia SpA until autumn/winter 2022, while its eyewear is produced…
Levi’s CEO Chip Bergh to depart after 13 years as retailer poaches new boss
Levi’s to replace CEO Chip Bergh with Michelle Gass. Gass will join office on 2 January 2023 and report to Bergh for the remaining 16 months of his tenure