Sainsbury’s to axe 3,000 jobs and close all in-store cafes January 23, 2025 Supermarket giant Sainsbury’s has confirmed plans to axe more than 3,000 roles as it prepares to close all its remaining in-store cafes. The major overhaul will cut two per cent of its current workforce, which stands at 148,000. The move will also make around 20 per cent of senior management roles at Sainsbury’s redundant. The [...]
Crafter’s Companion: Huge debts revealed at firm rescued by Dragons’ Den star Sara Davies January 23, 2025 Crafter’s Companion, the company started by Dragons’ Den star Sara Davies while at university, owed almost £20m when it collapsed into administration earlier this month before being rescued, it has been revealed. The company appointed Interpath to oversee the process on 7 January in a move which has led to its Barlborough store closing and [...]
THG trading on target after Ingenuity split January 23, 2025 THG, the company behind fitness supplement brand Myprotein, has reported its first trading update after the group split in two earlier this year. The company told the market this morning that adjusted earnings before interest, tax, deprecation and amortisation (EBITDA) for 2024 are expected to align with consensus expectations. At the beginning of January, THG [...]
‘We need to get back to our very best’: Boohoo boss vows to make 2025 a ‘year to remember’ January 22, 2025 The chief executive of fast-fashion giant Boohoo has said the group “needs to get back to our very best” as he vowed to make 2025 “a year to remember”. Daniel Finley was speaking a day after shareholders voted to keep co-founder Mahmud Kamani on its board in another blow to Mike Ashley’s Frasers Group. But [...]
Victorian Plumbing billionaire in line for huge pay day after bonus boost January 22, 2025 The billionaire founder and chief executive of Victorian Plumbing is in line for a huge pay day after his company decided to up his salary and potential bonus. The London AIM-listed company’s remuneration committee has decided to increase Mark Radcliffe’s base salary from £250,000 to £400,000 from 1 April, 2025. The committee has also increased [...]
Waterstones: Return to the office helps profit almost quadruple January 21, 2025 The return of employees to offices in major UK city centres helped profit almost quadruple at Waterstones during its latest financial year. The bookseller cited the trend of the return to work as a key factor in its pre-tax profit surging from £11.2m to £42.9m in the 12 months to 27 April, 2024. In newly-filed [...]
Boohoo shareholders shun Frasers and vote to keep co-founder Kamani on board January 21, 2025 Boohoo shareholders have voted two to one against a resolution proposed by Mike Ashley’s Frasers Group to remove co-founder and vice chair Mahmud Kamani as a director of the fast-fashion giant. Four fifths of shareholders took part, and two thirds of participating shareholders voted to retain Kamani on the board of the Manchester-headquartered company. In a statement, [...]
Knoops on track to almost double sales after festive cheer January 21, 2025 Drinking chocolate chain Knoops expects to almost double its revenue by the end of its current financial year as it reported record Christmas trading results. The London-headquartered company has also confirmed the appointment of Lush co-founder Andrew Gerrie, who is also a former chairman of Hotel Chocolat, to its board as a non-executive director. Gerrie [...]
Judge rules Aldi infringed on Thatchers’ cloudy lemon cider trademark January 20, 2025 In a landmark ruling on look-alikes, the Court of Appeal ruled that Aldi infringed on the British cider brand Thatchers' trademark with its cloudy lemon cides
Superdrug hails record Christmas as sales surge January 17, 2025 Superdrug has hailed its Christmas trading as its best ever after sales rose by more than five per cent in the final weeks of 2024. The high street retailer said it was boosted by one gift set being sold every second throughout December. Own Brand top sellers included the Studio London Ultimate Brush Collection, the [...]