Unilever is exploring a £6bn sale of spreads brands such as Flora and Stork after Kraft Heinz deal collapse March 19, 2017 Unilever is exploring the sale of some of its most iconic brands after coming under shareholder pressure over a $143bn takeover bid from Kraft Heinz. Paul Polman, the FTSE 100 firm’s chief executive, is drawing up cost-cutting and restructuring plans, which could lead to the sale of its margarine and spreads business. The division, comprising [...]
Apple’s British design chief Jonny Ive invests in tech accessory startup that counts Victoria Beckham and Beyonce among customers March 19, 2017 A London-based phone case startup, that counts Victoria Beckham and Beyonce as customers, has attracted investment from Apple's British design chief Sir Jonathan Ive. Chaos, a fashion consultancy run by Charlotte Stockdale and Katie Lyall, has launched a tech accessory division which includes products like a £185 personalised initial case and a £170 phone cover that has [...]
No playing around: Monopoly bins the thimble, wheelbarrow and boot tokens for the new T-rex, penguin and rubber duck March 18, 2017 Remember the Monopoly days of the boot, thimble and wheelbarrow? Well those days are no longer, as the three unloved tokens have got the boot from the latest edition of the board and are being replaced by a Tyrannosaurus rex, a penguin and a rubber duck which will be available in new editions from August. Say [...]
House of Fraser is opening champagne bars in stores and getting rid of clothing brands Episode, Therapy, Grey & Willow and Dickens & Jones March 17, 2017 House of Fraser is attempting to reinvigorate its in-store experience by installing champagne bars and trimming the number of clothing brands it offers. The department store, which has spent £90m on store refurbishments in the past two years, is ridding itself of 30 clothing brands. Read more: House of Fraser CEO Nigel Oddy resigns as Christmas trading [...]
It’s not rocket science: Budweiser announces plans to create an anti-gravity beer to bring to Mars March 17, 2017 Budweiser is planning for the future by brewing Martian beer. The beer company has joined the space race and wants to be the drink of choice for possible future trips to Mars. It is planning to craft a beverage that will react the same way beer usually does, with the bubbles rising and the foam [...]
Demeter Fragrance Library has launched a cat perfume called Kitten Fur to remind you of your favourite feline friend March 17, 2017 Demeter Fragrance Library, a New York-based perfume company, has just released their best scent yet: kittens. The Kitten Fur formula was 15 years in the making and the company has said it “has captured the olfactory essence of the warmth and comfort of that purrfect spot, just behind a kitten's neck.” Read more: Alibaba's recruiting [...]
Sainsbury’s share price dips after it warns of “uncertain” inflation impact and “competitive” conditions as retail sales decline March 16, 2017 Sainsbury’s reported retail sales excluding fuel fell in the last quarter and said it faced an “uncertain” impact from rising costs and warned the market environment remains competitive. Shares in Sainsbury's dipped as markets opened to lows of 263p, but recovered some of their gains to a loss of around one per cent at the [...]
Wetherspoon’s Tim Martin: Government tax policy is hitting the pub sector and forcing people to drink at home March 16, 2017 Wetherspoon's boss Tim Martin has issued a call to arms to pubs and restaurants in an attempt to convince the government to slash "unfair" taxes levied on the sector. The pub chain founder said tax policy is not only harming the pub sector, it is also forcing poorer people to drink at home as alcohol can [...]
Jones Bootmaker administration: Kurt Geiger and Endless eye up struggling shoe brand March 15, 2017 As Jones Bootmaker sits on the brink of administration, upmarket shoe retailer Kurt Geiger and Endless, the turnaround firm that owns Bathstore, are reportedly among suitors poised to swoop in to the 150-year-old firm’s rescue. The two are in discussions with advisers to Jones’ owners about deals that would potentially save hundreds of jobs, Sky News reported. [...]
Bond Street dumps its rubbish trucks March 15, 2017 Bond Street has dumped its bin men in a bid to attract overseas investment. The number of rubbish trucks going along the iconic shopping street has been slashed by 75 per cent over the past year, with the number of service providers falling from 40 to just two. Read more: Retailers in Mayfair and Bond [...]