The shareholder spring is back – but there may be worse to come for CEOs July 16, 2014 This is a rotten year to be a chief executive. The impact of new regulations introduced by the Department for Business has been to rekindle 2012’s “shareholder spring”, with a host of firms feeling the heat as up to 40 per cent of their shareholders opposed policies that could bind pay awards for three years. [...]
London style: Iconic British looks from the brands behind London Collections June 26, 2014 Our exclusive City A.M. Bespoke photoshoot celebrates some of the most iconic looks by the brands who exhibited their wares at the menswear showcase, from 1960s mod-inspired styles to the grimy punk borrowed from the late 1970s. Brilliant fashion minds such as Lou Dalton take these genre classics and reimagine them for a new generation; [...]
London Report: FTSE spooked by euro market fears and LSE stake sale July 10, 2014 UK STOCKS yesterday retreated, with the FTSE 100 index posting its worst four-day slump since January, as London Stock Exchange (LSE) slid while banks extended losses. The FTSE 100 lost 45.67 points, or 0.7 per cent, to 6,672.37, extending its decline this week to 2.8 per cent. The broader FTSE All-Share Index also slid 0.7 per [...]
Former BP-boss Lord Browne lends his name to LGBT network OUTStanding August 18, 2014 Lord Browne's crusade to help LGBT executives come out of the glass closet is continuing its pace. The former BP boss has linked up with OUTStanding, the LGBT professional network, to compile its Top 100 list of LGBT executives – for which nominations are now open. “Lord Browne is one of our biggest advocates,” OUTStanding [...]
Analyst Views: Following its results, do you think Mulberry is positioned for growth? June 12, 2014 HELEN NORRIS | BARCLAYS We would expect improvements as the year progresses against easier comparatives and with product launches. The recent Tessie Bag introduction has been received very well with full price like-for-likes recovering and there are hopes for the Cara Delevingne’s collection in September. JOHN CUMMINS | WH IRELAND Following the results, we leave [...]
The Chic Geek’s style advice: wearable tech July 29, 2014 What goes around comes around. And around, and around. Outside of a handful of innovative brands – many of whom you will see on these very pages – fashion is stuck in a continual retro-regurgitation of past styles, lightly polished to look new and desirable each season. In recent times, these cycles have gotten smaller [...]
While Cartier mans up, women get more of what they want April 16, 2014 Chanel Première Triple Row The Première was the first watch created by Chanel back in 1987, its case referencing the stopper of the No. 5 bottle and, by extension, the footprint of Place Vendôme. This year, its strap mimics that of the iconic 2.55 bag. Layer with bracelets or, if you boast a midriff of [...]
Shares suffer as Burberry boss trades handbags for handsets October 15, 2013 BURBERRY lost £770m off its stock market value yesterday after the luxury group announced that chief executive Angela Ahrendts will be stepping down. Ahrendts, a 53-year-old American who has been at the helm of the luxury group since 2006, will leave in the middle of next year – swapping her London offices for Silicon Valley [...]
Apple’s new retail chief Angela Ahrendts in $68m signing bonus May 6, 2014 BURBERRY’S former chief executive Angela Ahrendts started her new role as the head of retail at Apple yesterday, receiving a share award from the American tech giant worth $68m (£40m). Ahrendts’ award of 113,334 restricted shares coincided with Apple’s share price pushing past $600 yesterday morning for the first time since October 2012. However, when [...]
Shares drop as Burberry announces CEO Ahrendts’ exit October 15, 2013 Shares have dropped five per cent this morning as fashion heavyweight Burberry announces its chief executive officer (CEO) Angela Ahrendts will step down by the middle of next year to take up a new position with Apple. It has also reported, in a separate statement, total revenue for the six months to September of £1,031m [...]