MADRID: Swedish fashion retailer H&M announced on Friday a plan to close down more than a quarter of its stores and lay off as many as 588 workers in Spain, home of its bigger rival, Zara owner Inditex, local unions said. The company will carry out the layoffs for unspecified organizational, productive and economic reasons,…
Britain‘s Superdry said Chief Financial Officer Shaun Wills will step down at the end of March, while the struggling fashion retailer reported a wider half-yearly loss on Friday as unusual weather snubbed sales amid a cost-of-living crisis. The retailer named Giles David as its interim CFO, effective Jan. 29. The London-listed company recorded an adjusted…
PARIS: Luxury goods group LVMH posted a 10% rise in fourth-quarter sales on Thursday, as growth edged up from the previous quarter, driven by resilient demand – including from Chinese buyers – for its high-end fashion over the all-important end-of-year period. Sales at the world’s biggest luxury group, which owns labels, including Louis Vuitton, Dior…
ATLANTA: Lawyers for former President Donald Trump on Thursday joined an effort to disqualify Fani Willis from leading the election interference case against Trump in Georgia, on the grounds that she created a conflict of interest by hiring her romantic partner to help prosecute the case. Trump’s lawyers also raised a new argument for ousting…
NEW DELHI: Two BSF personnel killed during a UN peacekeeping mission in Congo and current DG (law and order) in UP Police Prashant Kumar, popularly called the “encounter specialist”, were honoured for gallantry on Republic Day eve, which saw 1,132 personnel from the police, fire services, home guards, civil defence and correctional service being named…
NEW DELHI: The TMC on Thursday put the blame squarely on Congress’s Adhir Ranjan Chowdhury after a seat-sharing deal failed to materialize between the two parties.Trinamool Congress leader Derek O’Brien said that there were three reasons why the alliance didn’t work out in West Bengal: Adhir Ranjan Chowdhury, Adhir Ranjan Chowdhury and Adhir Ranjan Chowdhury.His…
NEW DELHI: Yashasvi Jaiswal showcased his prowess with a dynamic ‘Bazball‘ innings, propelling India to a commanding position at 119 for one on the first day of the opening Test against England. Despite the earlier challenges posed by the spinners to England’s batters, Jaiswal’s aggressive fifty, unbeaten at 76 (70 balls, 9×4, 3×6), and Shubman…
New Delhi: Manyavar-owner Vedant Fashions on Thursday has reported a 4.8 per cent rise in consolidated net profit at Rs 157.71 crore in the third quarter (Q3) that ended December 31, 2023. It posted a consolidated net profit of Rs 150.35 crore in the same period of the previous fiscal, the company said in a…
Representative image The Directorate General of Foreign Trade (DGFT) has urged the Gem & Jewellery Export Promotion Council to popularise jewellery exports through e-commerce and to position India as a top supplier, design creator and value-adding hub for gold jewellery. Santosh Kumar Sarangi, Director General of DGFT said, “India stands as one of the largest…
NEW DELHI: In the opening Test of the highly anticipated India vs England series at the Rajiv Gandhi International Stadium in Hyderabad, both teams showcased strategic diversity in their approach, especially in the selection of their bowling line-ups.India, known for its spin-friendly conditions, opted for a formidable three-pronged spin attack while still acknowledging the importance…
