Sales growth at furniture firm Made hit by Covid-related factory closures in Vietnam January 6, 2022 Furniture retailer Made has said its sales growth was hit after its Vietnamese factories were forced to close during Covid restrictions earlier this year. The online retailer said disruptions resulted in 20 per cent of its most popular furniture ranges being unavailable during its peak autumn trading period. Its key factories have now all opened [...]
A Russian billionaire, the Dyson family, Gym Shark founder and Sting are among 100 of the richest Brits who paid nearly £5.2bn in tax during 2022 January 27, 2023 A Moscow-born billionaire is the UK’s top tax payer, paying more than £487m in just 12 months, according to the Sunday Times’ annual tax list. Alex Gerko, boosted the Treasury’s coffers by more than £1.3m a day or £55,639 an hour during 2023. Gerko, who became a British citizen and renounced his Russian citizenship late last [...]
The high streets of the UK need to be able to woo global shoppers to stay competitive November 16, 2021 Alongside true love and compound interest, habit is one of the most powerful forces. The familiar click of the Christmas lights brought people back to London’s streets last week, with 2.5 per cent more people treading down the high street. But with the pandemic came new habits and the fairy lights will be switched off [...]
Bank of England economy warning sends London markets lower July 5, 2022 London markets were dragged lower today by the Bank of England warning the UK economy is headed for a tough time over the coming year. The capital’s premier index shed nearly three per cent to close at 7,025.47 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the [...]
Hilco Capital circles embattled retailer Links of London September 4, 2019 Homebase-owner Hilco Capital is circling troubled jewellery retailer Links of London. The vulture fund is among a number of bidders for Links, which is trying to secure a rescue deal in the coming days, according to Sky News. Read more: Folli Follie hires advisers to weigh up Links sale A deal is likely to be [...]
City Moves: Who’s switching jobs in the Square Mile? March 16, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Investec Investec Wealth & Investment has hired a new investment director for London. Justine Lobel, who joins from wealth management firm Sanlam, has been in discretionary portfolio management for more than a decade, at wealth managers including [...]
Savile Row tailor placed into liquidation as quest for buyer fails January 4, 2022 The parent company behind London’s iconic men’s tailor Gieves & Hawkes has been put into liquidation after failed attempts to woo potential buyers. FTI Consulting and R&H Services have been appointed as joint liquidators for the 250-year-old brand, alongside its sister brands Kent & Curwen and Cerutti, according to The Times newspaper. The newspaper reported [...]
Boots launches Deliveroo partnership from today August 24, 2021 Boots has announced it is exclusively partnering with Deliveroo to provide health and beauty products to consumers’ doors. The partnership will launch at 14 pilot stores across the country including in Edinburgh, London and Nottingham. Sales on the retailer’s website were up 85 per cent between 1 March 2020 and 1 March 2021 compared to [...]
What it takes to forage for gold in a growing health and wellness market September 2, 2024 For start-ups, the hunt for capital can be difficult. It can be so difficult, most entrepreneurs turn to credit cards to find the money.
Retailers tumble as investors fret over spending squeeze June 9, 2022 Retailers took a tumble in London today driven by investors fretting over the impact of the cost of living crunch on the sector’s bottom line. The capital’s premier FTSE 100 index slid 1.54 per cent to 7,476.21 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK [...]