Shein Buys Everlane: Fast Fashion Meets Sustainability
Chinese fast-fashion giant Shein acquires Everlane, the sustainable clothing brand. CEO confirms deal, promising to maintain eco-friendly commitments despite concerns.
Category : Corporate
Golden Lane sports hall unlikely to reopen before refurb
The sports hall at Golden Lane Leisure Centre is not expected to reopen before a planned refurbishment, despite campaigners' calls. The City of London Corporation says no further discussion is anticipated.
Mizuho European Banking Head Departs in Latest Exit
Mizuho's European banking head has left the firm, marking the latest in a series of senior departures from the Japanese bank's London operations.
Guzman y Gomez Exits US Market After Poor Sales
Guzman y Gomez shuts US stores, citing unacceptable performance and confirming Australia's fast-food graveyard reputation. Costs up to US$40m.
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StanChart CEO Apologises for 'Lower-Value Human Capital' Remark
Bill Winters faces backlash after calling staff set to lose jobs to AI 'lower-value human capital'. He apologised on LinkedIn but defended his comments.
I'm a Celebrity Australia Cancelled After 12 Seasons
The Australian version of I'm a Celebrity...Get Me Out of Here! has been cancelled after 12 seasons due to budget cuts, while the UK series continues.
StanChart CEO Apologizes for AI Remark on Human Value
Standard Chartered CEO Bill Winters apologized for saying AI could reduce the value of human work, sparking debate on AI's impact on jobs.
Woman hurt after exiting moving car in Dagenham police chase
A woman in her 30s suffered potentially life-changing injuries after exiting a moving car during a police chase in Dagenham. The driver was arrested.
Citi's Ex-ECM Head Barrier Joins Lilja & Co in Paris
Former Citi European ECM head David Barrier joins boutique advisory firm Lilja & Co to launch its Paris office, expanding European presence.
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Citi Hires Umunna; StanChart Names New CFO
Citi appoints former politician Chuka Umunna to a senior role, while Standard Chartered announces a new CFO, highlighting shifts in banking leadership.
Streeting: Equal Tax on Income and Capital Gains
Wes Streeting calls for equalising capital gains tax with income tax rates, aiming to raise £12bn annually and address wealth inequality in the UK.
SpaceX Plans $1.75tn IPO, Could Make Musk Trillionaire
SpaceX files for a $1.75tn Nasdaq IPO, seeking up to $80bn. The disclosure reveals billions in AI spending and Starlink's strong revenue, moving Musk closer to trillionaire status.
Why Capital Solutions Is Big Law’s New Buzzword
Capital solutions is becoming a key term in big law, as firms offer integrated legal and financial advisory services to clients.
Katie Price's Ninth Husband Lee Andrews: Full Story
Katie Price married Lee Andrews just two days after getting engaged. Now he's reportedly ghosted her. Here's everything we know about their whirlwind romance and his controversial past.
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AI Chatbots Spread Misinformation in Scottish Election
A study by Demos found AI chatbots gave wrong info to 34% of election queries, including fake scandals and wrong dates. Electoral Commission calls for new legal controls.
James Murdoch Buys Half of Vox Media for $300M
James Murdoch acquires half of Vox Media, including New York Magazine, in a deal worth $300m, marking his biggest acquisition since the family dispute.
Lincoln International CEO: $421M IPO for Growth
Lincoln International's CEO announces a $421 million IPO to fuel expansion and acquisitions, aiming to strengthen its global advisory presence.
Taylor Swift's Prenup with Travis Kelce: Expert Insights
As Taylor Swift and Travis Kelce's wedding nears, legal experts weigh in on their potential prenup, given Swift's $1.8B net worth vs. Kelce's $90M.
PFU Names Yasunari Shimizu President and CEO
PFU Limited has appointed Yasunari Shimizu as its new President and CEO, effective immediately. Shimizu brings extensive experience in imaging and IT solutions.
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Embracer Teases Deus Ex and TimeSplitters Revival Again
Embracer Group announces it is exploring external partnerships to revive franchises like Deus Ex and TimeSplitters, despite a history of cancellations and studio closures.
Martin Lewis Urges Brits Born 2002-2011 to Check for £2,200 Payout
Martin Lewis urges millions of young Brits born between 2002-2011 to check for unclaimed Child Trust Fund accounts, with average payouts of £2,240. Over 750,000 accounts remain unclaimed.
Impax Revenue Falls as ESG Investor Keeps Cost Focus
Impax Asset Management reports a revenue decline as the ESG-focused investor continues to prioritize cost control amid challenging market conditions.
AFH Explores Sale with Fenchurch, Ardea Advisors
AFH, a private equity-backed wealth management firm, is exploring a sale. Fenchurch Advisory and Ardea Partners are advising on the potential deal, which could value the company at over £500 million.
HSBC Private Bank Names Werner to Senior UK Role
HSBC Private Bank has appointed Werner as senior UK executive, strengthening its leadership team in the region.
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Meta Restructures Jobs with AI Transfers
Meta plans to transfer thousands of employees to AI-focused roles as part of a major restructuring, impacting jobs across departments.
Euronext CEO: Limited Opportunity for More Exchange Buys
Euronext's CEO states that the company has limited opportunities for additional exchange acquisitions due to regulatory and market constraints.
Citigroup Hires JPMorgan's Chuka Umunna for UK Deals
Citigroup has appointed former JPMorgan banker Chuka Umunna to lead its UK dealmaking efforts, signaling a strategic push to expand advisory services in London.
Invesco Aims to Double European ETF Assets
Invesco plans to more than double its European ETF assets to €100bn within five years, leveraging growth in active ETFs and market expansion.
Rothschild Hires Citigroup's Baldwin for Equities Role
Rothschild & Co has appointed Citigroup's James Baldwin as global head of equities, strengthening its equity capital markets business. Baldwin brings extensive experience from his tenure at Citigroup.
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Whitbread’s Slow Reset Faces Hedge Fund Fury Over Sale Demand
Whitbread's five-year plan disappoints markets; Corvex Management demands a sale process for the £3.9bn Premier Inn owner, criticizing slow returns and urging suspension of key strategy features.
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