Bloomberg Hennes & Mauritz AB (H&M) shares fell after the Swedish clothing retailer said severe increases in energy, freight and garment prices nearly wiped out profit in the past quarter. Operating income dropped 87% to 821 billion kronor ($80 million) in the three months through November 2022, H&M said, far off analysts’ estimates. The scale of the decline is ...

  Bloomberg Gucci named Sabato De Sarno as creative director at Kering SA’s biggest brand, filling a crucial role in the fashion world after the exit of star designer Alessandro Michele in late 2022. De Sarno will start his new role as soon as he completes all his obligations as fashion director for men and women’s ready-to-wear clothing at Valentino, ...

  Bloomberg Boeing Co added nearly 15,000 employees in 2022 and plans to hire another 10,000 workers this year, reversing the steep headcount reductions it made earlier this decade to preserve cash while the Covid-19 pandemic and 737 Max grounding flattened jet sales. Boeing has said earlier that it handed over 69 jets in December — including 54 from its ...