H&M Group brand COS plans to open store in Nexus’ Select Citywalk this October

H&M Group’s premium fashion brand COS is gearing up to debut offline in India and will open a store in New Delhi shopping mall Nexus Select Citywalk in October 2025.  A look from COS’s latest collection – COS – Facebook “This will be the country launch store and the brand plans to expand its presence […]

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Estée Lauder CEO ‘not going anywhere’ despite 40% drop in shares

By Bloomberg Published Feb 6, 2024 The CEO of Estée Lauder Cos. defended his tenure at the helm of the beauty company and said his turnaround plan is already on the way to recovering lost profitability and generating more buzz about its brands.  “I’m not going anywhere,” CEO Fabrizio Freda said in an interview with […]

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Estée Lauder surges on plan to cut up to 5% of workforce

By Bloomberg Published Feb 5, 2024 Estée Lauder Cos. said it’s cutting as many as 3,000 positions as part of a restructuring plan to put one of the world’s largest beauty companies back on track. Facebook: Estée Lauder The shares jumped 15% in premarket trading at 8:08 a.m. in New York. The owner of the […]

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New H&M boss Daniel Ervér faces pricing dilemma in fight to win back customers

By Reuters API Published Jan 31, 2024 The new boss of H&M faces a thorny dilemma: increase prices and lose more ground to budget online fast-fashion rival Shein, or cut prices and risk profit margins falling short of target. Daniel Ervér, 42, took the reins at H&M on Wednesday after Helena Helmersson quit in a […]

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H&M profit target in spotlight as cost-cutting gathers pace

By Reuters API Published Jan 31, 2024 Swedish fashion retailer H&M is under pressure to prove to investors it can turn its fortunes around and fend off fierce competition from fast-fashion rivals such as Zara, whose sales are rising, and China-founded Shein, set to go public this year. H&M H&M, which sold more than $22 […]

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