Tesco CEO Dave Lewis quits as supermarket declares turnaround ‘is complete’ October 2, 2019 Tesco chief executive Dave Lewis is stepping down from the Big Four supermarket, it revealed today as it declared its turnaround is complete. The CEO will leave the business next summer after chairman John Allan said he had accepted his resignation letter “with regret”. Read more: Tesco sells mortgage arm for £3.8bn Lewis called the [...]
Lloyds axes 380 jobs but adds more amid digital strategy shake-up September 5, 2018 LLOYDS Banking Group is axing nearly 400 jobs as part of a company-wide shake-up to bolster its online and mobile services performance, it emerged last night. Roughly 435 new roles will also be created in the efforts to compete in an increasingly digital market. A Lloyds spokesperson said that the new roles will be created [...]
Brands must learn to use social video to reach Generation Z December 19, 2018 UK retail giant John Lewis claims that its Christmas television adverts are among “the most effective marketing campaigns in the industry”. Perhaps this was the case once, but faced with impressing video obsessed Generation Z (those born since 1995), does it still hold true now? It appears that I am not the only one with [...]
Moo-ving forward: Dairy Crest on track for full-year targets as Cathedral City and Clover brands milk revenues September 17, 2018 Dairy Crest said today it was milking revenues that are ahead of last year thanks to the success of its popular cheese and margarine brands. Ahead of its interim results on 7 November, the company said strong growth for its Cathedral City and Clover brands had boosted business. Profit is expected to be "slightly ahead" of [...]
Moo-ving forward: Dairy Crest on track for full-year targets as Cathedral City and Clover brands milk revenues September 17, 2018 Dairy Crest said today it was milking revenues that are ahead of last year thanks to the success of its popular cheese and margarine brands. Ahead of its interim results on 7 November, the company said strong growth for its Cathedral City and Clover brands had boosted business. Profit is expected to be "slightly ahead" of [...]
The story of a saga of collectors and the museo Carmen Thyssen Málaga December 15, 2020 The Thyssen-Bornemisza Collection, which is one of the most important art collections of the 20th century, was formed in only two generations. Its precursor was August Thyssen, the second Baron’s grandfather, who exchanged letters with the sculptor Rodin and even acquired several of his works. August’s third son, the first Baron Thyssen, managed to gather [...]
Carrot or stick? For Aldi and Lidl, equal pay goes hand in hand with commercial success December 13, 2018 Kevin the Carrot, who once again features in Aldi’s Christmas advert, is proving a bigger hit with shoppers than even Elton John, star of the John Lewis ad. Soft-toy versions of the animated vegetable sold out at 4am on the day of release in some areas and have reportedly provoked fights among customers desperate to [...]
Consumer spending falls in October as shoppers continue to abandon the high street November 13, 2018 UK consumer spending dipped in October after having risen for two months, with an e-commerce rebound propping up a two per cent fall in face-to-face sales. Expenditure has fallen in six of 10 months so far this year, adding to a cocktail of concerns for bricks-and-mortar retailers, according to Visa UK Consumer Spending Index data [...]
City Moves for 9 November – who’s switching jobs at Baker Botts, Duff & Phelps and Just Eat? November 8, 2018 Who’s making a move on up today? Baker Botts Baker Botts, the international law firm, today announced that Matthew Levitt has joined the firm’s antitrust practice as a partner. Matthew, recognised as one of the leading competition lawyers in Europe, will be based in the Brussels office. Matthew’s practice has focused on EU and international [...]
High street horror: Supercuts owner Regis UK asks landlords to slash rent in CVA proposal October 12, 2018 Hairdressing chain Regis UK is teetering on the verge of administration, it told landlords this week, as it urged them to slash rents for its Supercuts and Regis brands. If landlords don’t approve its plans the firm will likely fall into administration, it said. Regis has set out a company voluntary arrangement (CVA) asking for rent [...]