Dirk-Jan Stoppelenburg, the CEO of Scotch & Soda, is planning to step down as chief executive and take a new role as chairman of the board. He will continue to lead the brand until a successor is appointed.
EU efforts to reform copyright rules hit a roadblock on Monday as a meeting of lawmakers and officials was called off, prompting criticism of Google after it and other tech giants lobbied against the changes.
Fresh from announcing plans to launch its COS chain in Iceland later this year, Swedish fashion retail giant H&M has just said that it will debut its Scandinavian women’s fashion brand Monki in the country as well.
Analysts have said recent decisions by the Competition and Markets Authority (CMA) suggest it won't shy away from intervention, and some conditions it could apply may prove too costly to make a deal worthwhile.
Henkel shares tumbled on Monday after the maker of Schwarzkopf shampoo and Persil detergent warned earnings would fall this year as it steps up investment in brands and digital technology to try to revive growth.