Burberry’s Christopher Bailey has two jobs already, chief executive and chief creative officer, and now he has a third: chief hatchet man.
Sports Direct tycoon Mike Ashley is understood to have been outbid by rivals including the owners of Matalan and Edinburgh Woollen Mill as administrators try to secure the future of BHS.
Administrators are hoping to finalise a rescue deal for BHS by the end of this week after securing four offers for the business on Tuesday. MPs are preparing to call Darren Topp, the current boss of BHS, to give evidence to a parliamentary inquiry next month into the retail chain’s collapse.
The chairman of Standard Life has said that pay across the UK’s financial services industry is too high, as more than a fifth of the insurer’s shareholders voted against its boardroom pay deals.
Tesla relied on cheap foreign labor to build a hi-tech paint shop in California, paying workers as little as $5 an hour, according to a damning report that prompted CEO Elon Musk to launch an investigation.
Warren Buffett’s Berkshire Hathaway has bought $1bn worth of Apple shares in a bet that the iPhone-maker will bounce back from a recent slump.
Marks & Spencer has revealed a shake up of its senior management team "to drive speedier decision making and move the business closer to its customers".
The demise of the jumbo jet has come a little closer after the US manufacturer Boeing announced it would scale back production of its famous 747 to just one plane every two months, with orders having all but disappeared.
Amazon may share its name with mythology's greatest female warriors, but the world's largest online retailer employs just 18 women among its 120 most senior managers, and none of them report directly to the boss.
Unilever is to cut the size of British ice-creams including Magnum, Cornetto, Ben & Jerry’s and Feast by up to a third to bring them all under 250 calories.
Standing in a brand new British Airways A380, at an altitude of 35,000ft over the Atlantic, Willie Walsh couldn’t resist having a dig at an old rival.
April Bloomfield grew up in the industrial city of Birmingham, England, with a vague notion she’d like a career in law enforcement, preferably in New York City.
Sir Philip Green has instructed lawyers to demand an immediate apology from Frank Field, one of the senior MPs who led an inquiry into the failure of BHS.
Unilever, the consumer goods group behind Persil and Magnum, has said it will not scale back its UK operations if Britain votes to leave the European Union.
The government will be putting retail jobs at risk if it does not undertake a fundamental review of business rates, Dave Lewis, the chief executive of Tesco, has warned ahead of the budget on Wednesday.
Billionaire Carl Icahn bought 306,846 more shares of Herbalife on Aug. 31, according to a Friday filing.
Marks & Spencer has offered thousands of long-term staff increased compensation amid pressure to backtrack on planned pay cuts.
Wal-Mart is eliminating 7,000 positions in its back offices across the U.S., the company confirmed Thursday.