By Dominique Patton (Reuters) -Shares in Renault plunged as much as 18% on Wednesday after the French automaker surprised investors with a profit warning just a month after CEO Luca de Meo announced his departure. The company said late on Tuesday that June sales volumes were weaker than expected and it was now aiming for…
By Dominique Patton PARIS (Reuters) -Renault named its finance chief Duncan Minto as interim CEO on Tuesday, and said it will step up cost cutting measures after cutting its forecast for full year operating margins following a worse than expected performance in June. Renault said it now aims to achieve a full year operating margin…
Former Spice Girls member, Victoria Beckham, said she made two big changes to reduce the losses at her namesake fashion company. “We bought our price point down, and we merged the two brands that we had at the time into one,” Beckham told Bloomberg in an interview published Wednesday. “I wanted to challenge myself and…