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Bankruptcy court approves JCPenney property plan

2020-11-26 11:27:00| Daily apparel & textile news and comment - from just-style.com

A US bankruptcy court has approved JCPenney's plan to create separate property holding companies for its 160 of its real estate assets and all of its owned distribution centres. The so-called 'PropCos' are expected to complete the restructuring process and emerge from Chapter 11 bankruptcy protection in the first half of 2021.

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New appointments to help steer growth plan at Gap

2020-11-26 09:59:00| Daily apparel & textile news and comment - from just-style.com

US speciality apparel retailer Gap Inc has appointed a new head for its Banana Republic brand and created a new chief growth officer role to help execute its strategic agenda.

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Orange denies plan to acquire Atos

2020-11-26 09:36:00| Telecompaper Headlines

(Telecompaper) Orange has issued a short statement reacting to comments made by the CFE-CGC trade union about the possible acquisition of France-based ICT company Atos by the telecom group. CFE-CGC and employee shareholders, with a 5.5 percent holding in Orange's share capital, would back the integration of Atos to create a strong leader in cloud and cyber security. In response, Orange has denied working on the acquisition, adding that it had no plans to discuss the project at the next meeting of its board of directors.

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Sempra Develops Plan to Inject Hydrogen into California Natgas Grid

2020-11-23 18:53:11| OGI

U.S. energy company Sempra Energy said Nov. 23 that two of its California utilities were developing a program to use surplus renewable power to produce green hydrogen that can be injected into the natural gas grid to help to reduce carbon emissions.

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Diageo to cut water usage, go carbon neutral in ten-year sustainability plan

2020-11-23 14:55:00| Daily beverage news and comment - from just-drinks.com

Diageo plans to use 30% less water in its beverage production by 2030 as part of a new sustainability programme that also promises a more diverse management team.

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