Hotel Chocolat names new CEO as expansion effort takes shape following £534m takeover by Mars September 16, 2024 Hotel Chocolat has promoted its UK managing director Lysa Hardy to become its new chief executive in yet another sign of change after a takeover by Mars. Hardy, who was a non-executive at Superdry until July this year, will take over from co-founder and current chief executive, Angus Thirwell, according to a LinkedIn update. Last [...]
UK companies facing second-highest level of financial ‘distress’ in Europe February 5, 2024 UK businesses are facing the second-highest level of “deepening” financial distress in Europe due to inflation and high interest rates.
Carpetright: Retailers urged to make ‘bold decisions early’ to avoid same fate July 15, 2024 Businesses have been urged to make "bold decisions early and "avoid kicking problems down the road" in the wake of reports that Carpetright is on the brink of collapse.
Boots: High street favourite boasts another quarter of growth March 28, 2024 High street retailer Boots has reported another quarter of growth, helped by the demand of online and app sales.
Quorn: Meat-free food brand loses more than £60m as supermarket sales slashed September 19, 2024 The company behind meat-free food brand Quorn lost more than £60m during its latest financial year as its sales in UK and US supermarkets continued to decline. The North Yorkshire-headquartered Marlow Foods has posted a pre-tax loss of £63.4m for 2023, having also made a loss of £15.4m in 2022. The last time the Quorn [...]
John Lewis needs a retail chief to take charge and steer it back on track October 5, 2023 Sharon White's successor at John Lewis faces a difficult decision, writes George MacDonald, and must choose whether to follow her strategy or forge their own to bring the British retailer success again
LVMH-backed L Catterton, the new owner of Bicester Village is one of the world’s biggest retail investors July 22, 2024 Silver Bidco, a newly-formed Jersey-based vehicle of L Catterton, has bought Hammerson's stake in Value Retail, the owner of Bicester Village.
Sunak: People should ‘be comfortable with failure’ and take risks to start firms November 3, 2023 The Prime Minister said he wanted to “transpose” the entrepreneurial culture of “places like Silicon Valley” to the UK during a talk with tech billionaire Elon Musk.
Britain’s mega-wealthy look to cash in on uncertainty in property market March 9, 2024 Britain’s mega wealthy are ramping up investment in commercial and residential properties, as they look to cash in on the uncertainty in the market.
Barclays: Bank to cut 450 jobs as union brands move ‘unnecessary and unjustified’ September 12, 2023 British bank Barclays has told staff it is planning to cut around 450 jobs across the business, trade union Unite has said. Mid- to senior-level staff at the business’s head office are likely to be affected, the PA news agency understands. Unite, which represents staff members at the bank, said it was an “unnecessary and [...]