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Latest MBS News & Intelligence
MBS INTELLIGENCE
Built to scale: The manufacturing model of challenger brands
Huw Llewellyn-Waters and Hattie Robinson
MBS NEWS
Saks Global names CFO. Brandy Richardson has been appointed to the role. She spent the majority of her career at the Neiman Marcus Group where she held several finance leadership roles over her 15-year tenure. She begins on 18 August, succeeding interim CFO, Mark Weinsten.
EasyJet profits rise. Q3 profits for the low-cost airline improved by £50m to £286m, while airline passenger numbers increased by 2% in the three months to 30 June. The company remains positive on its outlook for the rest of the financial year.
Ocado Group posts surge in first-half earnings. EBITDA rose to £91.8m from £52m in the first half, while revenue was ahead 13.2% to £674m. The company, which sells bespoke technology to other retailers and operates a joint venture in the UK with M&S, is focused on becoming cashflow-positive next year.
