Primark Names Lucy Slinger as Finance Chief Ahead of AB Foods Split


A Primark store is pictured in the Bullring shopping center in Birmingham, Britain, November 4, 2020. REUTERS/Andrew Boyers
A Primark store is pictured in the Bullring shopping center in Birmingham, Britain, November 4, 2020. REUTERS/Andrew Boyers
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Primark Names Lucy Slinger as Finance Chief Ahead of AB Foods Split


A Primark store is pictured in the Bullring shopping center in Birmingham, Britain, November 4, 2020. REUTERS/Andrew Boyers
A Primark store is pictured in the Bullring shopping center in Birmingham, Britain, November 4, 2020. REUTERS/Andrew Boyers

Fashion retailer Primark named Lucy Slinger as its chief financial officer on Thursday, strengthening its leadership team ahead of its split from Associated British Foods.

Slinger joins Primark from IKEA franchisee ⁠Ingka Group, where she ⁠has served as deputy CFO.

Prior to Ingka Group, she spent over two ⁠decades at Shell in a range of senior finance leadership roles.

Slinger's appointment follows that of Eoin Tonge as Primark chief executive and Filip Ekvall as chief commercial officer in March, Reuters reported.

⁠AB ⁠Foods said in April it would spin off Primark from its food businesses, telling investors that it will be better positioned to grow on its own.



Wimbledon Clings onto Fashion Traditions, with a Twist

Japan's Naomi Osaka, known for her flamboyant outfits, arrived on Monday in a kimono-inspired white dress. Henry NICHOLLS / AFP
Japan's Naomi Osaka, known for her flamboyant outfits, arrived on Monday in a kimono-inspired white dress. Henry NICHOLLS / AFP
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Wimbledon Clings onto Fashion Traditions, with a Twist

Japan's Naomi Osaka, known for her flamboyant outfits, arrived on Monday in a kimono-inspired white dress. Henry NICHOLLS / AFP
Japan's Naomi Osaka, known for her flamboyant outfits, arrived on Monday in a kimono-inspired white dress. Henry NICHOLLS / AFP

Amid fast-changing fashion trends, Wimbledon has remained a bastion of "classy" style, with players and attendees donning their finest whites at the London tennis tournament which some say is reminiscent of traditional British high society.

"This is Wimbledon! You've got to dress up," Jari Hedman, 65, said with a smile.

The Finnish tennis coach had bought an Italian-made white linen suit for the occasion, paired with a navy blue jacket and a flourish of color with an orange tie.

He had picked the "classy" attire "in honor of the tournament", Hedman told AFP.

The Wimbledon tennis championships, which runs from June 29 to July 12 this year and is the oldest of the Grand Slam tournaments, will celebrate its 150th anniversary next year.

The royals are regular attendees, especially Princess Kate, who is often praised for her elegant fashion choices.

Ahead of the tournament, the BBC published an article on "etiquette" or unwritten rules for attendees, while other newspapers chimed in with fashion tips.

"With its mix of royalty, A-listers and diehard fans, Wimbledon always has a sense of occasion, so why not make an effort?" advised The Times.

And what should one wear to the stands? "White, white, white. And light colors," said Lucie Ta, a 29-year-old engineer from Prague.

She was wearing a long white dress with black polka dots, a white jacket slung over her arm in case the weather cooled.

Anne Freeman, an American from Houston, donned a pearl-colored floral dress and a sleek Panama hat. "It's a way to be respectful of the tradition," she said.

'Insight' into UK's past

Wimbledon has the strictest dress code in the circuit for players, who are required to wear "suitable tennis attire that is almost entirely white" from "the point at which the player enters the court surround".

"White does not include off-white or cream," the dress code dictates.

The rules are rooted in the sport's aristocratic history, with white the color of choice for hiding sweat stains, which were considered improper.

Players have found ways, both subtle and unconventional, to bring their individual style to court within the dress code.

Japan's Naomi Osaka, known for her flamboyant outfits, arrived on Monday in a kimono-inspired white dress with embroidered motifs of cranes and cherry blossoms, by Japanese designer Hana Yagi.

She paired the outfit with a traditional kanzashi hair ornament featuring white flowers before removing both to reveal a white Nike dress.

Osaka revealed she had the idea for the outfit after watching the Quentin Tarantino film "Kill Bill".

"I think about my cultures, my heritage, which is Japanese and Haitian. Then if I dive deeper into like Japanese culture, I think about the most iconic silhouette, which for me is a kimono," she said.

Serbia's Novak Djokovic wore a white Lacoste jacket with a green trimming, which, according to the brand, was inspired by those worn by "great champions" -- including Rene Lacoste -- in the 1920s.

Going to Wimbledon is "fascinating" as it gives "an insight into what the past of British society looked like," according to Daniel-Yaw Miller, a sports and fashion journalist.

The grass-court tournament "always was seen as a social scene" like the Ascot horse races, explained Elizabeth Wilson, who has penned a book on the history of tennis.

"Therefore people wanted to dress up, to look smart," she added.

In the 1950s, women wore formal hats, while in the 60s, they still wore gloves. "It has got very much more relaxed," said Wilson.

While spectators can dress however they like, Wimbledon still has a "very distinct aesthetic" and very "revered traditions," said Miller.

"I think the athletes and the fans really buy into the fact that it is unique."

Miller, a British man living in New York, enjoys comparing Wimbledon and the US Open: "You go from the most English thing imaginable to the most American thing imaginable in every sense of the word."

The US Open feels like "one big party," with entertainment, where it's sometimes even "hard to focus" on the tennis.

When he attended the Grand Slam across the pond, he wore shorts and a T-shirt. For Wimbledon, however, he opted for a polo shirt and smart trousers.


Naomi Osaka Shows off Another Fashion Creation Before Reaching 3rd Round at Wimbledon

Naomi Osaka of Japan arrives in court for her Women's Singles second round match against Anastasia Gasanova of Russia at the Wimbledon Championships in London, Britain, 01 July 2026. (EPA)
Naomi Osaka of Japan arrives in court for her Women's Singles second round match against Anastasia Gasanova of Russia at the Wimbledon Championships in London, Britain, 01 July 2026. (EPA)
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Naomi Osaka Shows off Another Fashion Creation Before Reaching 3rd Round at Wimbledon

Naomi Osaka of Japan arrives in court for her Women's Singles second round match against Anastasia Gasanova of Russia at the Wimbledon Championships in London, Britain, 01 July 2026. (EPA)
Naomi Osaka of Japan arrives in court for her Women's Singles second round match against Anastasia Gasanova of Russia at the Wimbledon Championships in London, Britain, 01 July 2026. (EPA)

Naomi Osaka had a new look to show off before winning her second-round match at Wimbledon.

Osaka, whose fashion reveals have become an event of their own at Grand Slam tournaments, wore a less elaborate outfit for her walk-on than the “Kill Bill” inspired kimono for her opening-round match on Monday.

This all-white outfit featured a wide belt and a long train behind her. It drew plenty of attention as she made the walk from the locker room to No. 2 Court, trailed by photographers and fans wanting to take their own photos. The four-time major winner took off the latest ensemble as she began warming up for her match against qualifier Anastasia Gasanova.

She went on to quickly dispatch Gasanova 6-3, 6-2.

“I'm just trying to mix it up a little bit,” Osaka said about her outfit, adding she had been worried that a loss might have ruined her daughter Shai's third birthday on Thursday.

“I just wanted to be here for longer, I didn't want to make her get on a plane on her birthday,” Osaka said.

Osaka's match was among the early starts on the outside courts as the second round got underway.


Nike Stumbles as China Woes, Cautious Outlook Temper Turnaround Hopes

World Cup uniform kits designed by Nike are displayed at its headquarters in Beaverton, Ore., on June 22, 2026. (AP)
World Cup uniform kits designed by Nike are displayed at its headquarters in Beaverton, Ore., on June 22, 2026. (AP)
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Nike Stumbles as China Woes, Cautious Outlook Temper Turnaround Hopes

World Cup uniform kits designed by Nike are displayed at its headquarters in Beaverton, Ore., on June 22, 2026. (AP)
World Cup uniform kits designed by Nike are displayed at its headquarters in Beaverton, Ore., on June 22, 2026. (AP)

Nike shares fell ‌3.5% in pre-market trading on Wednesday after its latest quarterly results failed to revive investor hopes of a swift turnaround under CEO Elliot Hill.

A cautious sales outlook and weak China demand overshadowed a modest fourth-quarter revenue beat, which also dragged down shares of European peers Adidas and Puma, dropping more than 1% each.

Investors were awaiting Nike's results to see if Hill's nearly two-year turnaround was reaping significant results.

The world's largest sportswear maker has been struggling to regain momentum after losing market share to rivals, as ‌well as rebuild ‌wholesale relationships, and clear older lifestyle inventory. The ‌stock ⁠has already fallen ⁠about 35% this year.

The sportswear giant's fourth-quarter revenue fell 1%, with double-digit sales declines in China, which did little to reassure investors.

Nike also projected a further revenue drop through the first half of fiscal 2027 as it navigates tariff pressures, geopolitical uncertainty and cautious consumer spending.

"Revenue declines through H1 mean no ⁠earnings growth until at least H2'27 as Nike prioritizes ‌marketplace health over near-term sales — a ‌good decision for the company but not for rapid recovery of ‌the stock," Bernstein analysts said.

CHINA REMAINS A DRAG

China revenue ‌would likely stay under pressure as Nike works with retail partners to clear excess inventory, outgoing finance chief Matthew Friend said.

Greater China accounts for about 15% of Nike's annual revenue and is its third-largest market ‌after North America and Europe, the Middle East, and Africa.

Some analysts said Nike's China reset ⁠shows some ⁠signs of progress, but near-term sales are likely to remain subdued as the company focuses on rebuilding growth through a more premium, sports-led approach.

Nike plans to launch more than a dozen footwear styles, Hill said, adding that it will take time for those products to deliver consistent results, which some analysts expect to help the company's turnaround in 2027.

The company, however, pointed to early progress, citing stronger World Cup marketing, faster product launches and improving football demand after an April slowdown, while forecasting a slightly positive first-quarter gross margin.

The company's forward price-to-earnings multiple is 21.95, compared with 16.81 for Adidas, according to LSEG data.