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Tag: departure

Departure of Horta-Osório no bad thing for Lloyds at this time | Business

By the time he leaves Lloyds Banking Group next year, António Horta-Osório will have been paid roughly £60m for his decade in charge, which is rather better than shareholders have done. A pound invested on the chief executive’s arrival from Santander in March 2011 is worth 63p, even with dividends (for the few years they …

Departure of Horta-Osório no bad thing for Lloyds at this time | BusinessRead More

Revival of Edinburgh’s Jenners building may force store’s departure | Business

Edinburgh’s Jenners department store could quit the landmark position on Princes Street it has occupied for more than 180 years under plans to turn the site into a hotel, rooftop bar and restaurants. The Danish fashion billionaire Anders Holch Povlsen, who bought the building for a reported £50m in 2017, wants to restore and renovate …

Revival of Edinburgh’s Jenners building may force store’s departure | BusinessRead More

‘Brands don’t need Amazon.’ Nike’s departure could prompt others to go

A shopper browsing Amazon. Indranil Bhoumik | Mint | Getty Images Nike is breaking up with Amazon. The sneaker retailer said it will no longer sell merchandise through the e-commerce giant’s website, in a bid to focus on Nike’s own direct-to-consumer business. The news is setting off alarm bells in the retail industry, with some …

‘Brands don’t need Amazon.’ Nike’s departure could prompt others to goRead More

Spin-off of Old Navy in doubt amid sudden departure of Gap CEO

Get great content like this right in your inbox. Subscribe The very abrupt ouster of Gap Inc. CEO Art Peck has raised questions about the company’s future plans. On Thursday, Gap said that Peck, who joined the company in 2005 and was tapped as CEO in 2015 after serving as Gap’s digital chief, was being …

Spin-off of Old Navy in doubt amid sudden departure of Gap CEORead More

McDonald’s chief people officer is leaving the company in the wake of its CEO’s departure

McDonald’s confirmed Monday that its Chief People Officer David Fairhurst has departed the company, effective immediately. Fairhurst’s departure follows the company’s announcement Sunday evening that the board fired CEO Steve Easterbrook for violating company policy by having a relationship with an employee. Nonfraternization policies typically do not allow relationships between managers and employees who directly …

McDonald’s chief people officer is leaving the company in the wake of its CEO’s departureRead More