Brits stayed at home to watch The Traitors during Dry January in blow for pubs February 6, 2024 Restaurants were hit harder with spending declining 11.6 per cent widening from 8.8 per cent on a month on month basis.
McDonald’s trades below expectations as Israel-Gaza war protests hurt sales February 5, 2024 McDonald’s traded below investor expectations and sales slowed in many markets in part due to protests over the ongoing conflict in Gaza. Global sales across its stores grew 3.4 per cent in the fourth quarter below analyst expectations of 4.7 per cent. While revenue reached $6.41bn (£5.11bn) down 0.7 per cent from estimates of $6.45bn [...]
Farfetch hit with winding up petition as creditors attack rescue deal struck with chief Jose Neves February 5, 2024 Farfetch has been hit with a winding up petition amid claims its founder Jose Neves destroyed the value of the embattled retailer in the lead-up to its near £400m rescue deal.
Kylie Jenner Instagram post helps drive sales at Kurt Geiger as fans buy ‘affordable’ £270 bag February 5, 2024 Billionaire Jenner, who has 400 million followers on Instagram, posted an image of herself posing with a £270 handbag made by the brand
Revolution Beauty: Former boss to pay £3m to draw line under finance scandal February 5, 2024 The founder and former chief of Revolution Beauty will have to pay close to £3m to the scandal stricken makeup brand to settle allegations he breached fiduciary duties to the company. Adam Minto, who stepped down as head of the brand two years ago, will have to hand over £2.9m, according to an update by [...]
Ted Baker owner exploring UK store closures to reduce costs February 4, 2024 The US owner of fashion chain Ted Baker is reportedly considering a major cost-cutting plan that could see job losses and store closures.
Zuber Issa exploring £500m sale of Asda stake in split with brother February 4, 2024 One of the billionaire Issa brothers, who together co-own Asda alongside a private equity firm, is reportedly trying to offload his stake in the supermarket as it grapples with a mounting debt pile.
Superdry share price soars over 100 per cent as Julian Dunkerton mulls takeover February 2, 2024 Superdry shares soared over 100 per cent this morning after boss and co-founder Julian Dunkerton revealed he is in talks over a possible takeover deal to rescue the troubled fashion brand. The firm told investors this morning Dunkerton is “engaged in discussions with potential financing partners” over a possible takeover offer for the business”. “These [...]
Man dies after falling from London’s Tate Modern gallery February 2, 2024 A man has died after falling from the Tate Modern gallery in London, the Metropolitan Police said. Emergency services were called to the gallery, in Bankside, at about 10.45am on Friday. The force said the man, who has yet to be identified, died at the scene. His death is not currently being treated as suspicious. [...]
Sent packing: Ocado gives two male board members the boot in bid ‘refresh’ top table February 2, 2024 Online grocer and technology firm Ocado has said two of its senior employees will step down from the board with immediate effect as it looks to “refresh” its top table.