Posts Tagged ‘Lossmaking’
Loss-making Burberry puts focus back on outerwear in turnaround plan
BURBERRY will put the focus back on its core trench coats and scarves, be less ambitious with prices for bags and shoes, and use its British heritage appeal to win back customers, the struggling luxury brand said on Thursday (Nov 14) in a strategy update. The company reported a loss for the first half of…
Read MoreMalaysia orders sovereign fund audit on loss-making venture
Malaysian Prime Minister Anwar Ibrahim ordered sovereign wealth fund Khazanah Nasional Berhad to carry out an internal audit to investigate issues related to a loss-making investment in a local online fashion retailer. The Malaysian Anti-Corruption Commission (Macc) also said on Saturday (Nov 2) that it had opened an investigation paper on the matter of investment…
Read MoreLufthansa Bids For ITA Stake To Revive Italy’s Loss-making Airline
FILE PHOTO-Planes of German air carrier Lufthansa are parked as Lufthansa pilots start a strike over a wage dispute, at the airport in Frankfurt, Germany, September 2, 2022. Reuters German carrier Lufthansa said on Wednesday it had offered to buy an minority stake in ITA Airways, betting on reviving the loss-making successor to Italy’s Alitalia…
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