Tag: multinational


H&M Set To Close 250 Stores World-wide

Hennes & Mauritz AB, the Swedish multinational clothing-retail company, known for its fast-fashion clothing for men, women, teenagers, and children, plans to cut 250 of its stores globally. H&M operates in 74 countries with over 5,000 stores under the various company brands, with 126,000 full-time equivalent positions. The planned closures will come next year after the firm said the COVID-19 […]


Toshiba Inks Net Loss

Toshiba, the Japanese multinational conglomerate corporation headquartered in Tokyo, Japan, has posted a net loss of 37.8bn yen ($318m; £209.3m) for the year to March. The company’s report comes after a long wait for the sale of its stake in the Finnish firm Kone, in a bid to boost its bottom line on the back of a recent accounting scandal. […]