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.
Shein continues to face copycat claims as it plots US listing February 2, 2024 Fast fashion giant Shein has reportedly been accused of breaching its own legal settlement and continuing to sell copycat products despite saying it would stop.
Investment in London hotels sinks to lowest in a decade – but rate cut prospect boosts confidence February 2, 2024 In January, Starwood Capital acquired the 10-hotel Radisson Edwardian portfolio for a reported £800m, most of which is in central London.
Revolution Beauty ‘contests’ allegation made against it by former shareholder February 2, 2024 Scandal-stricken makeup firm Revolution Beauty has said it contests allegations made against it by a former shareholder Chrysalis investments.
January sales fail to impress shoppers as London footfall disappoints February 2, 2024 January was another disappointing month for London retailers as shoppers steered clear of the high street. A new report by the British Retail Consortium (BRC) showed footfall across the capital declined by 1.7 per cent at the start of the month. This has widened from a fall of 1.4 per cent recorded in December. With [...]