The move forms part of M&S’s Another Life programme, which supports its broader Plan A sustainability strategy across fashion, home and beauty.
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The company will utilise the fresh capital to enhance product experience, expand supply chains, and hire talent.
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The Pinault family has brought on advisers and reached out to prospective buyers, including China’s Anta Sports Products Ltd. and Li Ning Co. In addition, several US-based sportswear firms and sovereign wealth funds from the Middle East have been approached.
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The session focused on preparing exporters for the EU’s evolving sustainability framework for textiles and apparel, with emphasis on compliance, traceability, and environmental accountability.
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Despite supportive policies from the Bangladesh Bank, micro, small, and medium enterprises (MSMEs) in Bangladesh continue to face significant challenges in securing loans, stakeholders convened at a roundtable in Dhaka on Monday.
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With an emphasis on integrated platforms, digital services, and data-driven engagement, Jha will spearhead the organization's technology and digital strategy. In addition, he will supervise strategic alliances and digital projects.
