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M&S retreat from abroad can include a domestic clearout

  Bloomberg For Marks & Spencer, abandoning Europe is back in fashion. Investors should be grateful, but really, they should look to clean up the domestic closet as well. In 2001, when then-executive chairman Luc Vandevelde pledged to revive the retail chain’s domestic performance, he abandoned its foray onto the continent. Today, battling nimbler rivals on its home turf, new ...

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American deal removes hurdle to Republic’s bankruptcy exit

  Bloomberg Republic Airways Holdings Inc. reached a deal to continue providing regional flights for its largest customer, completing its third pact with the biggest US carriers and removing an obstacle on the path to exiting bankruptcy. The agreement with American Airlines Group Inc. is critical because the world’s largest carrier accounts for about half of Republic’s revenue, the bankrupt ...

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Air France-KLM to transform airline

Bloomberg Air France-KLM Group will overhaul its restructuring efforts, moving away from the previous chief executive’s strategy that strained relations with pilots, to a more conciliatory approach called “Trust Together,” reports said. Jean-Marc Janaillac, who became CEO in July, will unveil the program in November that seeks to lower costs as well as rebuild trust between management and labor, and ...

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