Four of eight executives will be leaving retailer Hema. The news comes just weeks following the acquisition of the chain by Dutch entrepreneur Marcel Boekhoorn, who aims to simplify the structure of the company.
Struggling Debenhams is under even more pressure as its shares continued their downward trajectory on Thursday, falling almost 9% in the first couple of hours after the markets opened to trade at less than 5p each.
John Lewis has unveiled its Christmas ad with the big reveal of what has come to be the most anticipated UK festive campaign being less of a surprise this year given that Elton John’s involvement was flagged in advance.
Dutch payments firm Adyen is willing to take a hit on the transaction fees it charges in order to win new business, said CFO Ingo Uytdehaage, adding its model would support profit margins as volumes scale up.
Despite originally being a U.S. tradition, Black Friday and Cyber Monday are becoming increasingly prevalent in Australia, with deliveries experiencing 10 per cent year-on-year growth in the week following the events.
Second-hand fashion site Vestiaire Collective announced on Wednesday that it will soon be welcoming a new CEO with a very international profile: Maximilian Bittner, founder of Asian e-commerce giant Lazada.