Barclays: Tiktok and Instagram ‘no spend challenge’ helps push non-essential spending to two-year low April 9, 2024 Non-essential spending slumped to its lowest level in over two years, a new report has found, as Brits partaking in a popular no-spend challenge bruises restaurant and retail trade.
Red Engine: Flight Club Darts and Electric Shuffle owner secures £60m boost April 9, 2024 Red Engine, the company behind Flight Club Darts and Electric Shuffle, has agreed a £60m funding boost to help it expand further across the globe.
Betting and Gaming Council drafts in former Entain boss who rallied against ‘problem gambling’ as chief April 8, 2024 In her role at Entain, Hurst has previously said that "gambling isn’t the problem – problem gambling is the problem".
Ted Baker: 245 jobs and 15 stores including London Bridge slashed by administrators April 8, 2024 Over 200 jobs and 15 Ted Baker stores have been terminated as part of its administrative process, in another blow to high street.
Echo Falls, Kumala and Lambrini owner Accolade Wines raises prices and considers selling brands as losses widen April 8, 2024 The UK arm of Accolade Wines, the company behind the likes of Hardys, Echo Falls, Kumala and Lambrini, is to continue raising its prices as it bids to return to profit.
Sports Direct ramps up London presence as Mike Ashley’s Frasers backs physical retail April 8, 2024 Frasers Group plans to open two Sports Direct stores in both London Westfield shopping centres, as the retail behemoth continues to back physical retail
Retail apocalypse: More than 2,000 stores went bust as UK high streets suffer April 8, 2024 Over 2,000 retailers have gone bust in the last year, a new report has found, delivering another blow to the UK’s struggling retail sector.
McDonald’s buys back Israeli restaurants after Gaza boycott damages sales April 5, 2024 McDonald’s will buy back all of its Israeli restaurants following a boycott of the brand after it handed thousands of free meals to soldiers in the country.
Majestic saves Vagabond’s wine bars – but one London branch to shutter April 5, 2024 Retailer Majestic Wines has bought Vagabond Wines out of administration, saving nine of its wine bars from closure.
London restaurant chain Ping Pong bans staff tips on card and introduces ‘brand fee’ April 5, 2024 A London restaurant chain has banned customers from paying a tip by card and introduced a 15 per cent “brand” fee instead, just three months before a new legislation makes it compulsory to give staff tips.