Steve Shiffman, Chief Executive Officer of Calvin Klein, Inc., a wholly owned subsidiary of PVH Corp. has unveiled a series of strategic changes to the company in response to, what the company has called, rapidly evolving fashion and retail landscape. As a part of the strategy, Calvin Kleins the 654 Madison Avenue store will be…
Nron says the business will maintain its online presence expand its distribution network in Canada and internationally. Quebec entrepreneur Caroline Nron on Thursday announced a business restructuring that will see nine of her firms 14 boutiques in Quebec shuttered and dozens of employees lose their jobs. A total of 64 of the 152 people employed…
MUNICH: Ford Motor will shed thousands of jobs at its European operations in a bid to return the business to profitability in a broad restructuring that doesnt rule out shutting down production plants. The carmaker has struggled with an ageing model lineup and a contracting market in the UK, Fords biggest in Europe, which is…
Floating production and subsea specialist Crondall Energy has made two management appointments following a restructuring of the business. Crondall split its consulting and technology businesses last year. Anna-Louise Peters has been made the new managing director of the consultancy division, having been promoted from finance director. Her predecessor Duncan Peace, who set up Crondall Energy…
(Adds banking index, analyst quote, details, background) By Ebru Tuncay ISTANBUL, Sept 19 (Reuters) – Turkeys banks agreed to help businesses that are struggling to pay off debt, a move that sent shares of lenders sharply higher on Wednesday as investors bet it could ease bad loans. Turkeys banks face a potential deluge of bad…
FRANKFURT The headwinds buffeting the global auto industry made themselves felt in Europe on Thursday as mass-market carmaker Ford and luxury-focused Jaguar Land Rover announced sweeping restructurings that will cost thousands of jobs. Ford Motor Co. said it will drop an unspecified number of jobs in Europe as it seeks to make its business there…
STOCKHOLM — Ericssons (NASDAQ: ERIC) focus on simplifying and stabilizing the business has during the three first quarters of 2018 resulted in stronger gross margins and a stabilizing topline. Focus has been on addressing underperforming areas while creating a strong platform for future growth. There has been solid progress in most portfolio areas. In…
BERLIN Ford Motor Co. F -0.41% is launching an overhaul of its loss-making European business that is expected to include thousands of job cuts, plant closures and the scrapping of low-profit models amid a storm of bad news for global car makers. The move is part of a broad cost-cutting effort Ford Chief Executive Jim…
Ericsson shares fell 4 per cent on Thursday after the Swedish telecoms equipment maker warned that restructuring a troubled division would cost about $850m. The company said that operating profit in the fourth quarter would be hurt by SKr6.1bn ($700m) in provisions in its lossmaking business support systems unit. Restructuring the unit which provides digital…
Prachi Singh | Thursday, 10 January 2019 Spanish luxury brand Delpozo, part of the perfumes group Perfumes y Diseo, has terminated 20 employees as a part of its restructuring process. The company initiated several measures last year including moving a part of its production to Italy and appointment of German designer Lutz Huelle as the…