Marks & Spencer Group Plc said it plans faster delivery of online orders and will make products more available as it targets 1 billion pounds ($1.6 billion) of e-commerce sales and addresses two decades of underinvestment.
Deutsche Lufthansa AG’s British subsidiary BMI said a second, European, bidder is in the running to buy its Bmibaby discount division, a month after disclosing that an unidentified U.K.-based company had made an offer.
Deutsche Lufthansa AG, Europe’s second-largest airline, hasn’t decided yet if it wants to sell its U.K.-based BMI unit and remains focused on “restructuring” the money-losing carrier, a spokesman said.
Deutsche Lufthansa AG Chief Executive Officer Christoph Franz predicted the sale of its unprofitable BMI unit to International Consolidated Airlines Group SA will clear antitrust hurdles at the first attempt.
Deutsche Lufthansa AG is in talks to sell the discount division of its British BMI subsidiary to German turnaround specialist Intro Aviation GmbH, Intro Chief Executive Officer Peter Oncken said in an interview.