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British Business - Sept 27

Sept 27 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times - Unilever plc ULVR.L is to start the search for a new chief executive officer after Alan Jope said that he intended to retire at the end of next year after five years in charge.
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UK Stocks-Factors to watch on Sept 26

Sept 26 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening higher with futures FFIc1 up 0.51% on Monday. * UNILEVER: Unilever ULVR.L CEO Alan Jope plans to retire at the end of 2023, the maker of Dove soap and Knorr stock cubes said on Monday, roughly two months after activist investor Nelson Peltz joined the board. * GSK: GSK GSK.L named luxury fashion brand Burberry's BRBY.L Julie Brown as its new chief financial officer to succeed Iain Mackay, at a time when the British drugmaker is s
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UK Stocks-Factors to watch on Sept 26

Sept 26 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening higher with futures FFIc1 up 0.28% on Monday. * GSK: British drugmaker GSK GSK.L has poached Burberry Group's BRBY.L finance chief to create a rare all-female executive leadership team, Sky News reported on Saturday. * BARCLAYS: Barclays BARC.L was sued in a proposed U.S. class action in which shareholders claimed they were defrauded in connection with the British bank's sale of $17.6 billion more debt than regulators had allowed
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Luxury sneakers may be a step too far for cash-strapped Gen Z

By Casey Hall and Mimosa Spencer SHANGHAI/PARIS, Aug 18 (Reuters) - From $300 bucket hats to $900 sneakers and $700 t-shirts, the high-flying luxury sector is fretting over the appetite among financially stretched Gen Z consumers for such "aspirational" purchases. Executives are troubled in particular by a hit to young Chinese shoppers, not only because mainland China has been a major driver of the industry's growth in recent years, but also because high end consumers in the world's second-large
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China's Sanya holiday hotspot shuts duty-free malls, venues to curb COVID

By Casey Hall SHANGHAI, Aug 5 (Reuters) - Sanya, a top tropical holiday destination on China's southern Hainan island, began closing its duty free malls on Friday in response to a worsening COVID-19 outbreak. Since China shut its international borders in early 2020 to curb the spread of COVID-19, Hainan's duty-free industry has boomed, becoming a vital channel for global brands from Gucci to Coach, La Mer to L'Oreal OPREP.PA to reach Chinese shoppers.
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