Articles about People

Tesco finance boss could quit after profit tumble

Laurie McIlwee, Tesco’s finance director, could be within days of stepping down as the supermarket giant continues to battle shrinking sales and tumbling profits.

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Morrisons CEO waives £374k bonus

Dalton Philips, CEO of Morrisons, has waived his £374,000 bonus after the grocer posted its lowest profit in five years.

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Sir Charlie Mayfield, the chairman of the John Lewis Partnership, has been named the successor to Sir Ian Cheshire in his role as the chairman of the British Retail Consortium.

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Whistles CEO backs all-female shortlists for boardroom roles

Jane Shepherdson, the chief executive of Whistles, has demanded quotas for women on the FTSE 100 company boards and backed calls by senior government figures to investigate all-women shortlists.

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Tesco CFO could leave amid professional tensions

Tesco is preparing for the departure of Laurie McIlwee, chief financial officer, amid claims of an uncomfortable working relationship with chief executive Philip Clarke.

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MAC Cosmetics appoints new senior vice president

Laura Elkins, former vice president of retail marketing for Ralph Lauren Corp., will soon join MAC Cosmetics as senior vice president of global and North American Marketing.

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Ocado remains in the red for the 13th consecutive year

Pre-tax losses at Ocado widened over the course of the past year in spite of the e-tailer’s lucrative partnership with Morrisons.

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Karl Lagerfeld to open first UK-based store in London

Karl Lagerfeld will soon open his maiden UK-based flagship store in a move which adds an essential market to his ever-increasing fashion empire.

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David Cameron heralds business rates reforms

Taxes on commercial property in the UK will soon be alleviated after retailers’ calls for “fundamental reforms” were finally heard.

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Miuccia Prada denies tax evasion allegations

Miuccia Prada and her husband, current CEO and company shareholder Patrizio Bertelli, have denied they are being investigated by Italian tax authorities.

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