Puregym bulks up in US market as membership soars April 29, 2025 UK-based gym operator Puregym is set to expand into the US after a bumper 2024. The firm increased revenue by 10 per cent to £605m as membership soared. The British gym franchise ended 2024 with 2.25m customers, adding 400k in the last year – a jump of 21 per cent. The group’s total gyms rose [...]
Employment Rights Bill will ‘cut retail staff numbers’ April 29, 2025 Labour’s Employment Rights Bill will lead to job cuts and price hikes, a poll of 31 major retailers has found, in the latest sign the government’s legislative agenda risks harming economic growth. The legislation, which is nearing its final stages in Parliament, introduces sweeping changes to zero-hours contracts, sick pay, leave, flexible working and dismissal, [...]
The UK isn’t celebrating risk takers and wealth creators – Castore boss April 29, 2025 The UK is at risk of “taking too many steps down a road of not wanting to celebrate risk takers and wealth creators”, according to the co-CEO of sports apparel brand, Castore. Tom Beahon, who shares the top job with his brother Phil, added “there’s not a lot of incentive for anyone to take risks [...]
Food inflation rises to its highest level in almost a year April 29, 2025 Food inflation has risen to its highest level in almost a year as cost pressures begin to weigh on prices. Food inflation increased to 2.6 per cent year on year in April, against growth of 2.4 per cent in March and above the three-month average of 2.4 per cent, according to the British Retail Consortium [...]
M&S breach exposes retail sector’s security risks April 28, 2025 Marks and Spencer (M&S) has been grappling with a serious cyber attack that forced the retailer to suspend online orders, disrupted in-store operations, and blocked its remote staff from working on its system. The attack, which began over the Easter weekend, has left M&S unable to fulfil many customer orders – driving its stock down [...]
Krissy Cela’s Oner Active rakes in millions as sales double April 28, 2025 Oner Active, the fitness wear brand co-founded by influencer Krissy Cela, almost doubled its sales as profit surged in 2024. The London-headquartered business, which was set up alongside Thomas Mark and Austrian investors David and Lukas Kurzmann, has reported a gross revenue of £80.8m for the year, up from the £46m it achieved in 2023. [...]
Sales pass £600m at The White Company and Charles Tyrwhitt owner April 28, 2025 Sales at the group behind The White Company and Charles Tyrwhitt jumped past the £600m mark during its latest financial year, it has been revealed. Bectin Limited has posted a turnover of £607.7m for the 12 months to 3 August, 2024, up from the £558.5m it achieved in the prior year. But despite the sharp [...]
M&S: FTSE 100 shares continue to drop after cyber attack April 28, 2025 Marks and Spencer’s (M&S) share price has fallen more than three per cent in early trades this morning as the effects of a cyber attack last week rage on. The FTSE 100 retailer’s share price has fallen by nearly nine per cent since it announced the attack in a statement to the London Stock Exchange [...]
Starbucks: UK’s largest franchise more than doubles profit ahead of takeover April 28, 2025 Sales jumped towards £100m and profit more than doubled at the UK’s largest Starbucks franchise in the year before the US coffee chain took it over, it has been revealed. 23.5 Degrees has reported a turnover of £93m for the 12 months to 31 August, 2024, up from the £83.5m it achieved in the prior [...]
Lidl eyes Mayfair and Chelsea stores amid £500m expansion April 28, 2025 You could soon shop at a Lidl store in the swanky London districts of Mayfair and Chelsea as the low-cost supermarket plans dozens more store openings as part of a £500m expansion plan. The German-owned business, which controls 7.8 per cent of the UK grocery market according to latest Kantar figures, has published a list [...]