Nightmare before Christmas? Nearly 4,500 UK retailers are in ‘critical financial distress’ December 21, 2023 Nearly 4,500 UK retailers are in “critical financial distress” during the sector's ‘Golden quarter’ due to weak Christmas sales performances.
Mike Ashley beefs up Frasers with bargain Matchesfashion deal December 20, 2023 Retail tycoon Mike Ashley has bought yet another struggling retail brand, snapping up Matchesfashion in a discounted deal.
Tortilla Mexican Grill lowers guidance as shoppers steer clear of high street December 20, 2023 Tortilla Mexican Grill said it is trading below market expectations as sales have been hit by slow footfall on the high street and consumers spending less. During the full year, the board said that UK like-for-like growth was up slightly to 3.7 per cent, as the firm added it was helped by new store openings [...]
Asda chief Mohsin Issa looks to shrug off debt fears in grilling from MPs December 19, 2023 The billionaire co-owner of Asda, Mohsin Issa, has defended the firm’s complex corporate structure and mounting debt pile today amid growing concerns from MPs over the management of the supermarket group.
London nightclub fined after serving caustic soda with tequilas, instead of salt December 19, 2023 A nightclub has been fined after one of its bartenders mistakenly gave customers caustic soda instead of salt with their tequila shots. Four customers were taken to hospital after ingesting the cleaning chemical at the Tiger Tiger nightclub in Haymarket, central London, Westminster City Council said. The venue was fined £120,000 having pleaded guilty to [...]
Spilt milk: court sides with vegan Oatly in trademark dispute December 19, 2023 Swedish alternative dairy company wins battle to use word milk in its marketing
Domino’s Pizza Eurasia rejects fresh takeover bid from Indian rival which ‘undervalues’ it December 19, 2023 London listed Domino’s Pizza Eurasia has rebuffed a revised takeover offer from Jubilant Food Works on the grounds that the offer “undervalues” the business. DP Eurasia is the master franchisee for Domino’s Pizza in Turkey, Azerbaijan and Georgia, while Jubilant is the master franchisee for the chain in India. Jubilant recently increased its stake in [...]
Superdry warns on profit as wet weather takes its toll December 19, 2023 Superdry blamed unseasonable weather for a 13 per cent slump in retail sales year-on-year, as the struggling fashion retailer continues to trade below management expectations. Wholesale earnings were down 41.1 per cent year-on year, which was due to the decision to exit its US wholesale operation. It was also driven by “timing differences and the [...]
Meet the Wonka-backed hot chocolate shop proving a treat in London December 19, 2023 London’s newest “master distiller” of cocoa isn't Wonka, it's Jens Knoops, whose hot chocolate is stirring up a decadent storm.
Christmas waste drove me crackers – now I sell reusable ones December 19, 2023 City A.M. meets the entrepreneur who started a reusable Christmas cracker business after being shocked by the waste from a festive party.