Tag: sources
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Kaupthing to put UK’s Oasis and Warehouse up for sale – sources
By Dasha Afanasieva and Pamela Barbaglia LONDON (Reuters) – Administrators for failed Icelandic bank Kaupthing are looking to sell off British high street retailers including Coast, Oasis and Warehouse which employ thousands of people, four sources familiar with the matter said. The bank was nationalised during Iceland's 2008-2011 financial crisis, with its domestic operations spun…
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Succession issue looms large at world’s top glasses maker
Positions are not being filled, two of the sources said, complicating Del Vecchio's avowed search for a second-line manager from within to step up to the plate. Del Vecchio has pledged to develop e-commerce, where the company lags, investment that could hit profitability. Luxottica has ambitious growth plans and a reputation for top-notch managers.