Britain's second-biggest supermarket chain, Sainsbury's, is considering cutting 1,000 head office jobs as part of a drive to save 500 million pounds ($652 million) in costs, the Sunday Telegraph newspaper reported.
Friday will be a big day for Delphine Arnault, when she unveils the winner of the latest LVMH Prize. Ahead of the ceremony, she reflects on career, fame and family in an exclusive interview with FashionNetwork.com.
Sales and profit at Arcadia fell last year according to press reports, with the retail giant seeing the same squeeze as many peers. Reports also suggest it is seeking a new strategy to battle pureplay e-tailers.
There is a new Arnault in town and he is already up and running a 450-million-euro company. He is the family's digital Go-to-Guy, and now he's running LVMH's lastest acquitison, German luggage brand Rimowa.
The fashion social and shopping network has secured of €3 million in a new funding round, which will allow it to further consolidate its growth and accelerate its international expansion plans in Europe.