London’s Looop snapped up by SoftBank-backed ed-tech firm for $20m January 11, 2022 London-based corporate learning company Looop has been snapped up by SoftBank-backed education technology firm 360Learning for some $20m. Looop, which works with fintech giants Klarna and Monzo, as well as retail heavyweight Asos, is 360Learning’s first-ever acquisition. “Now as learning and development grapples with the triple hit of remote work, the Great Resignation, and the [...]
Wandsworth sees the highest number of £1m property transactions as buyers desire space January 5, 2022 The leafy borough of Wandsworth has been named as the capital’s hotspot for property transactions of £1m over the last year. The south-west London borough accounted for 11 per cent of high end transactions over the last year, out of a total 6,312 transactions for between £1m and £3m across London. Kensington and Chelsea and [...]
London markets jump on industrials rally January 12, 2022 London markets jumped today driven higher by a strong rally among industrial stocks. The capital’s premier FTSE 100 index closed 0.81 per cent higher at 7,551.72 points, while the domestically-focused FTSE 250 index, which is more aligned to the health of the UK economy, squeezed out 0.08 per cent of gains to reach 23,047.16 points. [...]
Gymshark to open first physical store on Regent St December 1, 2021 Online clothing retailer Gymshark has announced plans for its first physical store on Regent St, London. The fitness apparel firm will open its first physical bricks-and-mortar site at 165 Regent St, which boasts 180,000 square feet. The firm is eyeing an initial public offering over the next few years after racking at 17m customers across [...]
George at Asda launches treasure hunt for second-hand Gucci items November 25, 2021 Supermarket Asda has teamed up with vintage wholesaler PreLoved, ahead of the anticipated release of Ridley Scott’s House of Gucci. Some 30 exclusive pieces have been hidden across 50 Asda stores across the country, with shoppers encouraged to hunt for second-hand items. Pieces will be on sale for as little as £12. With the latest [...]
Gymshark director buys majority share in HERA October 21, 2021 Gymshark director and former chairman Paul Richardson has purchased the majority share in streetwear brand HERA London. Richardson has taken the position of executive chairman at the fashion firm, which aims to grow into a £100m label over the next three to five years. In his new position, Richardson will oversee company strategy, create significant [...]
Office workers can now use local Tesco to work from as supermarket giant joins forces with IWG May 12, 2022 Office workers across the UK will soon be able to use their local Tesco to work from as the supermarket group launches a new partnership with IWG. Tesco has said the flexible workspace business will convert excess space at its supermarket stores into office space designed for hybrid working. It comes amid the continued shift [...]
ProCook mulls IPO as revenues soar October 15, 2021 UK kitchenware retailer ProCook has announced its intention to publicly sell its shares after revenue swelled to over £50m this year. The company, which sells kitchen supplies through its website and via 50 retail stores across the UK, said that if it proceeds with the listing it expects to begin trading on the main market [...]
West End to fully recover in just two years following Covid-19 decimation, says report February 17, 2022 The West End will have fully recovered in just two years, according to a new report, after Covid-19 restrictions decimated London’s entertainment and hospitality industries. Some £8.6bn is expected to be pumped into the retail and theatre district, nearly double the £4.6bn it pulled in in 2021, property consultancy Colliers has forecast. It signals the [...]
Marks Electrical eyes London IPO after online growth October 5, 2021 Online retailer Marks Electrical has announced its intention to pursue an initial public offering (IPO) on London’s AIM market. The group – which sells, installs and recycles a variety of household electrical items – has seen online growth swell as consumer behaviour has changed. Revenue hit £56m in the year to March 31 2021, up [...]