Dive Brief: As part of its ongoing “Claim 5” growth strategy, Hugo Boss on Wednesday announced logo updates and the launch of “two simultaneous star-studded global campaigns” for the Hugo and Boss brands. Along with forging new brand identities, the company revamped its Hugo Boss e-commerce site, according to a […]
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Tougher lockdown rules are ‘counterproductive’, Ocado boss says
Another lockdown would be the Government’s “biggest blunder”, according to the chairman of Ocado. Lord Stuart Rose, the former executive chairman of Marks & Spencer, described the 10pm curfew that has been imposed on pubs and restaurants across England, Wales and Scotland for more than a fortnight as “bungled”. It […]
Heiress makes media boss an instant billionaire
The boss of German media giant Axel Springer has become an instant billionaire after getting a €1bn share windfall. Chief executive Mathias Doepfner has been handed 15pc of the company by Friede Springer, the 78-year-old heiress and controlling shareholder of the newspaper and advertising business. Mr Doepfner, 57, has also […]
New boss has a fight on his hands at troubled Babcock
It’s not like Lockwood doesn’t relish a challenge. In 2017, shortly after his arrival at Cobham, he announced £750m of charges and writedowns, and ordered a £500m rights issue, the company’s second in a year. When Cobham was sold from under him, he complained “he’d done the hard bit and […]
Former Gulf Keystone boss Kozel still facing US charges
Former Gulf Keystone Petroleum chief executive Todd Kozel still faces criminal charges in the US over allegations that he used a scheme to defraud his ex-wife Ashley over their divorce settlement, despite his attempts to get the case thrown out. Mr Kozel filed papers in New York in January, arguing […]
The uphill battle facing Jaguar Land Rover’s new boss
However, streamlining the ranges to eliminate overlaps could help, along with Bolloré clearly differentiating the Land and Range Rover marques from Jaguar to reduce cannibalisation. An even more extreme option could be killing off Jaguar completely – though whether such a move would be practical, even possible, is unknown. With […]
McDonald’s sues former boss Steve Easterbrook for lying about relationships
McDonald’s is taking legal action against its former chief executive Steve Easterbrook, who was sacked last year over a relationship with another employee, alleging that he should not have been given severance pay because he “concealed evidence and lied about his wrongdoing”. The Briton had originally admitted to having a consensual […]
Hearst Employees Say Magazine Boss Led Toxic Culture
In a videoconference staff meeting, Ms. Pels offered tearful apologies. “I have not done enough to correct imbalances,” she said, according to an audio recording of the meeting obtained by The Times. In a statement for this article, Ms. Pels said diversity was a “career-long priority for me.” “At this […]
JCB boss warns relying on electric cars would leave Britain at the mercy of Beijing
The boss of JCB has revealed that digger orders ground to halt at the height of the pandemic, forcing the billionaire into furloughing thousands of staff and tapping the Government’s emergency loans scheme. Lord Bamford expressed his shock after JCB stopped production as the pandemic hit. He said: “[In early March], […]
Massive debt write-off could be only way to save economy, warns OBR boss
A massive write-off of toxic Covid debt may be the only way to save the economy from stagnation as thousands of businesses struggle to survive, the new head of the spending watchdog has warned. Repayments on £45bn of taxpayer-backed loans could be linked to companies’ revenue, said Richard Hughes of […]