Hermes has appointed a chief transformation officer to support the business in the next stage of its development. Fash Sawyerr will join the Hermes UK main board, reporting directly to chief executive Martijn de Lange. He brings a proven track record in helping companies organise themselves for future growth, Hermes said. He joins from Anchorage Capital, where he was an MD in its portfolio group driving transformation programmes. Prior to this, he spent eight years at Actis LLP, a London-based […]
Private equity firm Advent International is to acquire a 75% stake in Hermes UK in what is described as a “business as usual” agreement.
Royal Mail has warned that revenue in its UK parcels business was lower than it anticipated in the last three months due to competition in the market for deliveries.
Hermes chief executive Carole Woodhead has revealed some of its expansion plans for 2014, as it wins a new contract with jewellery retailer Cadenzza.