IKEA Group, the world's biggest furniture retailer, will maintain or raise already high levels of investment in coming years as it adapts to fast-changing shopping habits, its new CFO said on Wednesday.
Andreas Streubig has previously spent more than two decades at Hamburg-based Otto Group, where he held several senior positions, including head of sustainability. At Hugo Boss, he will report directly to CEO Mark Langer.
The German shipping company has opened its largest European hub in Rugby, England. The facility will process a record 1.5 million parcels a day, part of the company's effort to keep pace with booming UK e-commerce.
Major brands from Aldi to Zara agreed on Thursday to improve conditions for up to 2 million Bangladeshi garment workers, four years after a garment factory collapse in Dhaka killed more than 1,000 people.