In a high-profile trial in Paris, Bernard Arnault, the chairman and CEO of LVMH, testified regarding surveillance activities ordered by a former intelligence chief, Bernard Squarcini. As the world’s largest luxury goods company faces scrutiny over its actions, Arnault’s statements raised questions about corporate governance and ethical boundaries in the luxury sector. Arnault’s testimony focused […]
Boohoo Rejects Criticism From Frasers Group as ‘Inaccurate and Unfair’
In a vigorous defense against claims from Frasers Group, Boohoo, the UK-based online fashion retailer, has labeled the criticisms from its largest shareholder as “inaccurate and unfair.” This response comes amidst Frasers Group’s push to install its founder, Mike Ashley, as the new chief executive, following the announcement of current CEO John Lyttle’s departure. The […]
Mike Ashley Wants Boohoo to Make Him Its New CEO
In a bold move that could reshape the future of Boohoo Group Plc, Mike Ashley has formally requested the fast-fashion retailer to appoint him as its new chief executive officer. Ashley’s Frasers Group, which is the largest shareholder in Boohoo, has voiced its dissatisfaction over the company’s recent trading performance, labeling it as “abysmal” in […]
Nike Shareholders Vote Against Proposal on Workers’ Rights
In a significant development for the sportswear giant, Nike shareholders have voted against a proposal to engage in binding agreements with supply chain workers aimed at improving human rights conditions in high-risk countries. The outcome, announced at the company’s annual meeting, illustrates a pivotal moment for Nike amidst ongoing scrutiny over labor practices. The proposal […]