Today’s news in brief-12/4/24
Levi’s has welcomed Gianluca Flore, a seasoned executive from Burberry, as its new chief commercial officer effective 29 July . With over 20 years of experience in luxury apparel, Flore will oversee global commercial operations, reporting directly to Levi’s CEO Michelle Gass. His track record in brand expansion and profitability aligns with Levi’s vision of becoming a DTC-led denim lifestyle leader.
Majestic Wines owner, Fortress, has acquired Poundstretcher following the retirement of Aziz Tayub. Former Morrisons executive, Andy Atkinson, is appointed as CEO, signalling a strategic shift for Poundstretcher. Fortress emphasises plans for growth and job creation, expressing confidence in Poundstretcher’s future success under their ownership.
InPost has announced Neil Kuschel as its new UK CEO, citing his extensive experience in logistics and technology. Kuschel aims to drive InPost’s disruptive strategy in the UK out-of-home e-commerce logistics market, following the company’s record-breaking performance in 2023.
Amazon’s has announced it will invest €700m in robotics and AI across Europe underscoring its commitment to operational efficiency and customer service. The company expects to introduce 120 new automation technologies in 2024 alone, enhancing both speed and convenience for customers while creating thousands of jobs in the process.
The UK economy grew for the second consecutive month, signalling a gradual recovery from recession. Production and services sectors contribute to the growth, despite a decline in construction output due to adverse weather conditions. The rise in consumer-facing services, particularly in sports and recreation, reflects positive momentum.
Tesco has introduced a dedicated ‘Best of British’ page on its website, highlighting over 500 British products to support local farmers and producers. The initiative aligns with Tesco’s commitment to sustainability and supporting agriculture, reflecting a broader industry trend towards promoting homegrown produce.
