Footwear major Bata India witnessed 45 percent rise in net profit to Rs 52 crore (approx $7.6 million) for the fourth quarter ended March as compared to Rs 36 crore (approx $5.3 million) it posted in previous fiscal.
M&S had some good news Wednesday as it reported more customers, higher e-sales and improved Clothing & Home margins. But all other figures were poor as it spent heavily to force through the change it desperately needs.
M&S has added experienced non-exec directors to its board as it prepares to deliver its latest results, with more store closures expected and potential demotion from the FTSE100 if its share price falls further.
The New York-based lifestyle group announced the resignation of the Italian designer from its Stuart Weitzman footwear brand on Monday, citing unspecified workplace misconduct as the reason for the departure.
The Paris Court of Appeal has acknowledged the exclusive rights of designer Christian Louboutin for red shoe soles in a dispute pitting the label against Kesslord, a brand offering models with similar features for sale.