Industria de Diseno Textil SA (ITX.MC)
19 Jan 2018
LONDON (Reuters Breakingviews) - Nestlé is making its board more activist-friendly. The chief executives of Adidas and Spain’s Inditex are among the heavyweight non-executive directors that the Swiss giant is proposing to appoint. Their e-commerce expertise will help steer efforts to sell more directly to consumers. They may also help to pre-empt any plan by activist Dan Loeb to install his own candidates.
LONDON Nestle proposed three new independent directors to its board on Thursday, as the world's largest food company seeks to accelerate its transformation into a health-conscious company.
LONDON, Jan 18 Nestle proposed three new independent directors to its board on Thursday, as the world's largest food company seeks to accelerate its transformation into a health-conscious company.
* BOARD ALSO PROPOSES INDIVIDUAL RE-ELECTION OF CHAIRMAN AND OTHER CURRENT MEMBERS OF BOARD
SHANGHAI China's aviation authority on Friday demanded an apology from Delta Air Lines for listing Taiwan and Tibet as countries on its website, while another government agency took aim at Inditex-owned fashion brand Zara and medical device maker Medtronic Plc for similar issues.
* Highlights Chinese sensitivities over territorial sovereignty (Changes headline)
MILAN/LONDON European shares fell on Friday, weighed down by weakness in the heavyweight banking sector and a slump in retail stocks following a disappointing trading update from fashion brand H&M. | Video
* Shares hit lowest point since 2009 (Adds company, analyst comment, updates shares)
* Innogy slumps after warning (Recasts, adds details, closing prices)
MADRID, Dec 13 Inditex, the world's biggest clothes retailer and owner of Zara, reported a slowdown in sales growth in its third quarter as Europe's warm autumn kept shoppers away, though it pointed to a brighter end of the year.