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New Vodafone CEO, Margherita Della Valle, said the company's recent performance was "not good enough" and the cull comes as part of a plan to simplify the business.
Source: https://www.barrheadnews.com/news/23524713.vodafone-cut-11-000-jobs-including-uk-says-ceo/?ref=rss
“We see a strong interest in Fay from the younger generations now, children of our first customers,” said Andrea Della Valle.
Source: https://wwd.com/menswear-news/mens-fashion/fay-archive-on-the-road-1235585827/