Cycling brand ASSOS of Switzerland hits Asos with legal action November 12, 2024 Premium cycling brand ASSOS of Switzerland has launched legal action to a British court against UK fast fashion giant Asos, City AM can reveal.
Harrods faces major Christmas strike as staff demand inflation-busting festive bonus November 11, 2024 London’s iconic department store Harrods is facing the prospect of major strike action by its staff over the critical Christmas period. Hundreds of staff, who are members of the United Voices of the World (UVW) union, will vote on strike action in December over what they have described as “poor working conditions” and their festive [...]
Burberry braced for Moncler takeover as staff given heads up November 11, 2024 Luxury fashion house Burberry is braced to be taken over by Italian company Moncler amid staff at one of its flagship London stores being given a heads up on the deal, according to reports. Rumours began to circulate last week that the listed brand was set for a takeover by the skiwear maker, but both [...]
Castore: Andy Murray sportswear brand backed by billionaires tops growth list November 7, 2024 British sportswear brand Castore, which is backed by the likes of Sir Andy Murray and the billionaire Issa brothers, has been named as the UK’s fastest growing retailer. The Manchester-headquartered company has topped the list from Retail Index which analyses revenue growth over a two-year period. Based on the figures used for the ranking, Castore’s [...]
Mamas & Papas: M&S and Next deals boosts sales to new record November 7, 2024 High street nursery brand Mamas & Papas has reported record sales thanks to the success of its deals with M&S and Next. The Huddersfield-headquartered company has posted a revenue of £154.3m for the 12 months to 31 March 2024, up from the £144.1m it achieved in the prior year. The business said that its revenue [...]
Reebok profit surges as international sales take off November 7, 2024 Profit surged at Reebok in the first full year since being acquired by Authentic Brands, it has been revealed. The Cheshire-headquartered group has posted a pre-tax profit of $176.8m (£147m) for 2023 while its turnover totalled $276.4m. The results, revealed in newly-filed accounts with Companies House, were filed after the 31 September deadline. The new [...]
One Stop sales jump at Tesco-owned convenience store chain November 7, 2024 Sales at convenience store chain One Stop, which is owned by Tesco, jumped to almost £1.3bn during its latest financial year. The Walsall-headquartered business has posted a revenue of £1.29bn for the 12 months to 24 February, 2024, up from the £1.17bn it achieved in the prior year. Newly-filed accounts with Companies House have also [...]
Mike Ashley’s Frasers Group warns Boohoo over break-up plans November 6, 2024 Mike Ashley’s Frasers Group has handed Boohoo a list of demands after its campaign to install the retail tycoon as the new CEO of the fast-fashion giant failed last week. The owner of Sports Direct and House of Fraser had sought to get Mike Ashley installed as the new chief executive of Manchester-headquartered Boohoo, in [...]
Asda cuts jobs and demands three-days-a-week return to office November 6, 2024 Asda has announced job cuts and asked its staff to return to the office three days a week in the latest move in its turnaround plan. In an internal email on 5 November, the grocer said it was changing its office attendance policy at its George House site in Leicester as well as its Asda [...]
Huge pay day for Cheshire Oaks owner as profit almost triples November 5, 2024 The group behind outlet shopping centres such as Cheshire Oaks has issued a huge dividend to its owner after its sales and profit surged. Mcathurglen UK has issued a dividend of £58.9m for 2023 after paying out £2.2m in 2022. Newly-filed accounts with Companies House also show that the group’s revenue jumped from £128.4m to [...]