The New York Times-10.10.2024

Financial Data and Key Metrics Changes - The company reported a significant increase in annual sales, reaching nearly £900 million (approximately $1.2 billion), which represents an 8% growth compared to the previous year [34]. Business Line Data and Key Metrics Changes - The company has introduced 50 new "sexual harassment officers" to support employees with complaints, indicating a shift towards improving workplace culture and safety [32]. Market Data and Key Metrics Changes - The company is experiencing record business performance, with the highest-ever annual sales reported, reflecting strong demand despite ongoing controversies [34]. Company Strategy and Development Direction - The company is focused on addressing past allegations and improving its corporate culture by encouraging former employees to come forward and providing support for potential claims [32][34]. - There is an emphasis on removing remnants of the previous ownership's controversial era to restore the brand's heritage and reputation [32]. Management's Comments on Operating Environment and Future Outlook - Management expressed a commitment to transforming the company into a safe and inclusive workplace, acknowledging past failures and the need for systemic changes [33]. Other Important Information - The company is currently processing inquiries from 220 individuals regarding allegations against the former owner, indicating a proactive approach to handling the fallout from the allegations [32]. Q&A Session Summary Question: How is the company addressing the allegations against the former owner? - The company has announced a settlement process and is encouraging former employees to contact them for support, indicating a commitment to addressing the allegations seriously [32]. Question: What measures are being taken to improve workplace culture? - The introduction of 50 new "sexual harassment officers" is part of the company's strategy to provide safe and empathetic assistance to employees with complaints [32].