Former Co-operative Group executive Sam Walker has alleged she was sacked from the business after she raised concerns over equal pay, according to a report by the Guardian . Walker was appointed chief human resources officer in February 2014, and first raised concerns about equal pay in 2015 after comparing her salary to other male executives who sat alongside her on the board. She was sacked the next year
Women’s value retailer Bonmarché on Wednesday revealed encouraging results from its first quarter, with sales up 2.7 per cent year-on-year. Of that number, online sales rose by 27.3 per cent while store-only like-for-like sales fell by 1.2 per cent.
Hammerson is cutting down the size of its board and selling off its retail parks as part of the shopping centre giant’s new strategic plan in a bid to pacify angry shareholders. The Birmingham Bullring operator made the announcement alongside its half year results, which showed pre-tax profit plunging 80 per cent to £55.8 million over the six months to June 30. Revenue for the period was also down from £160.1 million to £152.5 million
New evidence from a BHS auditing report by the Financial Reporting Council could prompt the Insolvency Service to reopen its investigation into the former directors of the collapsed retailer. According to The Times , the Insolvency Service’s chief executive Sarah Albon has written to the FRC to request more information on the findings within its report, as its initial investigations led to the conclusion that there was “insufficient evidence of directorial misconduct to justify disqualification proceedings”.
The chairman of Tesco has made a pledge to make its board of directors more ethnically diverse. The Big 4 retailer currently has 14-member board of directors and 12-member executive committee – both of which made up of all-white members.
Kreiz was slated to be elected as the board's chairman at its shareholder meeting on May 17.
Other activists are trying to oust the board of Rubbermaid's parent, but Carl Icahn says he hasn't decided which side to support.
As Room & Board jump-starts its go-to-market strategy, it expects predictive analytics to play a key role in its planning processes.
Paul Marciano won't be paid while a special committee of the board, with the help of lawyers, investigates accusations against him.
Just when the athleisure innovator seemed to be putting a series of quality and public relations snafus behind it, the board may be bungling the ouster of its chief executive.