Wah Nails founder Sharmadean Reid grabs $1m from Saul Klein’s Localglobe for new beauty networking app Beautystack April 9, 2018 The founder of London salon chain Wah Nails has proved she means business with her latest beauty venture, grabbing almost $1m of funding from Saul Klein’s Localglobe and angel investors. Wah’s Sharmadean Reid plans to use the funding to develop and launch the app of Beautystack, a new platform which acts as a beauty appointment [...]
London Fashion Week 2018: Why do brands still hold catwalk shows in a digital age? February 19, 2018 You might be hard-pressed to identify anyone sat on the front row at Mulberry’s spring/summer fashion show last Friday. Once the reserve of top buyers and the fashion press elite, the front row has undergone a revolution in the past decade. Actresses and models sat shoulder to shoulder with a new breed of fashion VIP: [...]
Exclusive: Firebrand MP Frank Field hopes to lock horns with Sir Philip Green over Arcadia sale February 19, 2018 One of Westminster’s most dogged MPs is hoping to lock horns once again with retail tycoon Sir Philip Green following reports that the former BHS owner is looking to sell his retail empire to a Chinese textiles conglomerate. City A.M. understands Frank Field, the Labour MP who spearheaded the parliamentary investigation into Green’s doomed sale [...]
Sunday Times Rich List 2017: The wealth of Britain’s billionaires has boomed despite Brexit, but Mike Ashley, Sir Philip Green and Selfridges owning Weston family lose millions May 7, 2017 The wealth of Britain’s richest has rocketed with more billionaires than ever before, new figures reveal. Brexit failed to derail the rise of the super-rich and the collective cash of the world’s wealthiest topped a whopping £658bn – that’s up 14 per cent on last year. There are now 14 more billionaires in Britain than [...]
Sandwich skills shortage? Pret a Manger boss Andrea Wareham is worried about filling jobs after Brexit March 9, 2017 Brexit may be putting your avocado habit under threat, after the HR boss of Pret a Manger admitted she will struggle to fill jobs if she is only allowed to hire British applicants. At a House of Lords Economic Affairs Committee hearing yesterday, Andrea Wareham said just one in 50 people applying for jobs at the [...]
Sir Philip Green plugs another pensions hole at Arcadia March 5, 2017 Sir Philip Green has finalised plans to tackle yet another pension scheme deficit, this time at his own retail giant Arcadia. Arcadia will double its payments to the company's pensions scheme from £25m a year to £50m, helping to cover a near £200m deficit. The agreement comes just days after the billionaire settled a dispute [...]
Topshop logistics workers are going on strike February 15, 2017 Workers at a Topshop logistics centre are set to on strike over wages. Employees at sites in Solihull and Leeds have voted to walk out on 24 February and 26 February. The action comes after staff at the Solihull hub went on strike in the run up to Christmas. Read more: Flopshop: Arcadia Group brand Topshop's sales [...]
John Lewis, Pret and the 30 biggest private companies MPs want held more accountable February 12, 2017 Middle class favourite John Lewis and lunch time hotsport Pret a Manger are just two of Britain's most well-known businesses which could be subject to a stricter code of governance traditionally reserved for Britain's top public companies. Under new proposals suggested by a group of MPs, 30 of Britain's biggest privately owned companies would have to set [...]
After BHS: MPs eye stricter transparency rules for private companies February 12, 2017 The UK's biggest private companies and those with large pension schemes should have to abide by the same financial reporting rules as listed firms to ensure the fallout from the collapse of BHS is not repeated, MPs have said. Any private company with more than 5,000 members of a defined benefit pension scheme, or those defined as large [...]
Flopshop: Arcadia Group brand Topshop’s sales drop over Christmas February 5, 2017 Sir Philip Green’s fashion brand Topshop suffered a like-for-like sales drop of nearly 11 per cent over Christmas, the most important shopping period of the year. The Sunday Times has reported that sales across the Arcadia Group as a whole, which includes Dorothy Perkins, Wallis and Evans, fell by about 6.5 per cent. The poor [...]