Faith shoe chain goes into administration as sale fails April 22, 2010 FOOTWEAR chain Faith has been placed into administration raising fears over the future of more than 1,700 jobs. Faith has been up for sale for a number of weeks, but administrators Mazars said they were called in after directors realised that a “solvent sale was not possible”. The sale of the 78-store chain, which employs [...]
Real men only apply July 6, 2010 For a while, a few years back, it looked like the US trend for vast trucks and pickups was going to catch on here. Stateside rappers wearing signet rings the size of dinner plates applied the same “bigger is better” approach to all of their purchases, and cars like the mahoosive Hummer were suddenly very [...]
North-South housing divide stark as ever April 12, 2010 THE chasm between house prices in the north and south of the UK is as wide as ever, according to a new report published yesterday. Not one of the ten streets with the lowest average property values in England and Wales was in the south of the country, the property research website Mouseprice Most Affordable [...]
Focus on EMI trial November 4, 2010 JUDGE JED RAKOFF Jed Rakoff provoked the ire of Wall Street when he rejected Bank of America’s $33m attempt to settle a dishonesty probe last year, describing such offers as “half-baked justice at best”. He redeemed himself in the eyes of one American bank yesterday, though his merciless courtroom treatment of long-winded witnesses gained him [...]
FOOD & BOOZE NEWS September 13, 2010 HEL YES! FINNISH POP-UP Another month, another pop-up. The latest high profile temporary eatery, to open alongside London Design Week, is HEL YES!. It’s Finnish (get it?) with 120 covers, a bar and an exhibition created and executed by a creative team of Finnish designers and food connoisseurs. Highlights include “archipelago bread”, made from wheat [...]
London retail boost fuelled by Easter lift April 18, 2010 RETAILERS in central London saw an almost ten per cent rise in sales last month – fuelled by a booming Easter. The figures, based on a comparison with March last year, showed that the weak pound and an increase in Chinese visitors over the holiday helped to keep tills ringing, with a 9.9 per cent [...]
John Lewis sees a further sales jump February 26, 2010 JOHN lewis and Waitrose have reported further rises in weekly sales – fuelling hopes of a high street recovery. The department store’s overall sales were up 15.1 per cent year-on-year. Sales at the group’s supermarket rose 13.7 per cent. John Lewis’s stores in Oxford Street, Bluewater and Kingston were among the leading lights in the [...]
Happy Easter for West End April 5, 2010 POOR weather and early spring sales offers from retailers drove at least 2m shoppers to the West End over the Bank holiday weekend. Some retailers are understood to have recorded double-digit sales growth on the Friday, although trading did slow down over Saturday and Easter Monday, according to the New West End Company – which [...]
Room with a brilliant view May 24, 2010 Paramount Centre Point, 101-103 New Oxford Street WC1A 1DD. Tel: 020 7420 2900, www.paramount.uk.net Cost per person without wine: £45 IN the food’n’drinkosphere, the days of exclusivity seem to be numbered – just last week, private casino Les Ambassadeurs opened its restaurant, The Milroy, for the hoi polloi’s lunchtime pleasure. Bureau, another swanky bar/lounge that [...]
ALTERNATIVE MANAGER OF THE YEAR | The Shortlist September 9, 2010 INNOVATION is at the heart of the City, and nobody demonstrates it better than the top hedge funds and private equity houses. Our varied shortlist makes clear the chutzpah and sheer-brain power needed to become a leader in this toughest of sectors. And it also makes the clear the massive rewards awaiting the brightest and [...]