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McDonald's boosts customer traffic in key milestone for CEO

Jul 25 2017 16:15

McDonald’s is getting customers back into its restaurants after years of declining traffic, helped by drink deals and more upscale burgers.


Michael Kors to buy shoemaker Jimmy Choo for £896m

Jul 25 2017 09:23

Michael Kors has agreed to buy Jimmy Choo for about £896m, clinching the London-based maker of strappy stilettos, handbags and perfume.


Stuttafords Saga: How Nenegate brought down the store

Jul 24 2017 13:23

Stuttafords chief executive Robert Amoils shares with Fin24 how the economic downturn, starting the day former finance minister Nhlahla Nene packed his bags, brought the retailer to its knees.


Richemont's hippie-chic Chloe bags sell as watches struggle

Jul 21 2017 18:05

$10 000 watches are a tough sell for Richemont these days, but shoppers are snapping up $2 000 Marcie handbags from the company’s fashion and leather label Chloe.


Swatch's strong forecast bolsters decision to keep workers

Jul 21 2017 12:26

When sales of Swiss watches began their long slide, Swatch CEO Nick Hayek refused to cut his workforce, saying he’d need skilled employees when demand bounced back.


Unilever sales meet estimates as prices increase

Jul 20 2017 08:59

Unilever has reported second-quarter sales growth in line with estimates as the company raised prices to offset stagnant volume.


McCormick buys Reckitt Benckiser food unit for $4.2bn

Jul 19 2017 10:00

McCormick & Co has agreed to acquire Reckitt Benckiser's food business for $4.2bn, adding French’s mustard and Frank’s RedHot sauce to its lineup.


Volatile currencies impact Shoprite’s sales growth

Jul 18 2017 17:42

Retailer Shoprite reported revenue growth despite challenging trading conditions locally and in non-domestic markets, the group revealed in an operational report.


Rupert's luxury watch chief quits Richemont, buys stake in rival Breitling

Jul 14 2017 11:01

Richemont’s head of watchmaking, once seen as a candidate to lead the entire company, is leaving after a management reorganisation put him in control of a portfolio of brands.



Rupert’s luxury watch chief at Richemont resigns

Jul 14 2017 08:34

Richemont’s head of watchmaking, marketing and digital has resigned with immediate effect, Johann Rupert’s luxury goods group has announced.

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