Selfridges put up for sale with £4bn price tag June 10, 2021 The billionaire owners of Selfridges are considering selling the iconic department store group, with bids expected to top £4bn. The Weston Family has lined up advisers at Credit Suisse to advise on a potential sale after receiving an unsolicited takeover approach, React News reported. It is understood offers in excess of £4bn are likely to [...]
Baglioni Hotel: A slice of Italy beside Hyde Park November 15, 2021 The world may be making a spirited attempt to put Covid behind it, but that doesn’t mean international travel is suddenly a breeze. Couple this with over-booked and over-priced UK staycation destinations such as Cornwall and York, and you have a holiday dilemma. So why not take the sting out of a weekend break by [...]
City A.M. recognises work of 2020’s Business Heroes December 17, 2020 The business world has never seen its foundations shaken as they have been throughout 2020. Lockdown has been a huge challenge for both companies and their staff, with vast swathes of the population first placed on furlough and then grappling with the technological and social difficulties of working from home. City A.M. has certainly not [...]
British fashion brand Ralph & Russo enters administration after Covid hits sales March 17, 2021 British luxury fashion brand Ralph & Russo has collapsed into administration after the coronavirus pandemic decimated sales. Ralph & Russo has appointed Begbies Traynor and Quantuma as administrators to investigate “all possible options” for the company. In a statement this afternoon, the company’s co-founder Tamara Ralph said trading conditions during the pandemic had put “tremendous [...]
In memoriam: Two chancellors, Parky, Sir Bobby, business leaders and celebs we lost in 2023 December 26, 2023 As City A.M. looks ahead to the next 12 months, we reflect on those who have departed this year, and the impact they continue to have.
Locked Down is the pandemic heist movie we didn’t need March 12, 2021 While some TV shows and awards ceremonies have made magic out of the limitations of the pandemic, movies haven’t fared as well. Michael Bay’s Songbird was a misfire, while Netflix’s Malcolm and Marie wasted talented actors on a self-indulgent script. Locked Down was conceived, written, filmed, and edited in around four months from the start [...]
Christmas is cancelled: Five festive traditions scuppered by Covid December 7, 2020 Coronavirus has a lot to answer for, and while being able to enjoy a few frivolities over Christmas isn’t at the top of the list, it’s still likely to put a downer on December. Here are some of the popular Christmas activities that have been curtailed by the pandemic, and some suggestions on how to [...]
Barilla buys British fresh pasta maker Pasta Evangelists January 14, 2021 Barilla said on Thursday it had bought a majority stake in Britain’s Pasta Evangelists, re-entering the fresh pasta market and boosting its digital offering at time when the pandemic is driving demand for home deliveries of food and drinks. The companies did not disclose the financial details of the deal, but two sources close to the [...]
Picnic time! Get Michelin-quality food straight to your blanket March 17, 2021 Last summer, during the hazy window of relaxed lockdown measures, I went for a picnic in London Fields. I wasn’t the only one. The entire borough appeared to have descended on the sorry-looking scorched grass. Apart from the laughable lack of social distancing, of which I was unwittingly a part, the most upsetting thing was [...]
City Moves: Who is switching jobs in the Square Mile this week? January 13, 2021 Snakes and Ladders provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. After a rocky year for business, City firms are continuing to adapt to the challenges of three national lockdowns and post-Brexit bureaucracy to keep things moving across the Square Mile. This week, Lloyd’s [...]