Gin brand in focus as Diageo eyes cost cuts and global strategy
BP has reported a bumper quarter under new CEO Meg O’Neill, with underlying replacement cost profit surging and plans to sell its US Archaea biogas unit as part of a broader strategy to simplify the portfolio and boost shareholder value.
Harvey Nichols has been put up for sale after successive losses and is drawing bids from Frasers Group and Next as owners seek £50m–£60m; Mike Ashley has called the chain in a "death spiral" and says a lower price will be needed. Separately, UK high street restructuring plans have won court approval while retailers use AI to trace complex apparel supply chains.
Ralph Lauren has delivered better-than-expected earnings and revenue, pushing shares higher. CEO Patrice Louvet has steered the brand toward growth through brand elevation, new product lines, and a focus on full-price selling in key markets.