Mike Ashley’s Frasers raises Boohoo stake to 16.5 per cent October 25, 2023 Frasers, the British sportswear group controlled by Mike Ashley, has raised its stake in online fashion retailer Boohoo to 16.5 per cent, according to a regulatory filing published on Wednesday. The group previously held 15.12 per cent. Frasers, formerly called Sports Direct, said in June its purchase of Boohoo shares was consistent with its strategy [...]
Wine sellers bottle it as middle-class customers scale back amid cost of living crisis October 25, 2023 Virgin Wines' chief executive officer, Jay Wright, is "confident" in the group's longer-term prospects — despite a 10 per cent drop in share price.
Soon-to-sell sofa chain ScS finds little comfort in cost of living Britain October 25, 2023 Sofa chain ScS has swung to a loss according to its preliminary results, with the soon-to-be acquired sofa chain blaming a challenging economic climate for the dip.
Birkin bags help drive sales for Hermès October 24, 2023 The company said that its European arm was boosted by the loyalty of local clients and the “dynamics” of tourist flows.
On the Beach calls for CMA to stop low cost carriers’ ‘aggressive tactics’ as long-running feud heats up October 24, 2023 A long-running feud between online travel groups and low-cost carriers is heating up, after On the Beach called on the CMA to step in.
Scheme to plug London hospitality skills gap backed by Greene King and Marriot Hotels October 23, 2023 The government scheme which is backed by hospitality heavyweights including Greene King and Marriot Hotels will see them receive an industry recognised ‘Hospitality Skills Passport’.
Wiggle’s future uncertain as parent company seizes funding October 22, 2023 The future of Wiggle could be on the line after its parent company’s decision to terminate a €150m (£130m) lifeline to its sports division last week caused a series of concerns within the umbrella of subsidiaries. Signa Holdings’s decision to terminate the funding to Signa Sports United (SSU), which was announced last Monday, soon led [...]
Unilever: All eyes on Ben & Jerry’s maker’s progress after leadership shakeup October 22, 2023 Investors will turn their focus to Unilever’s third quarter on Tuesday results to see how the ice cream and deodorant maker is faring after a leadership shakeup. New chief executive Hein Schumacher officially took over from his predecessor Alan Jope back in July, telling investors at the time he wanted to see more of its [...]
UK economy: Retail sales crash as cost of living crunch continues to bite October 20, 2023 In an ominous sign for the UK economy, retail spending fell in September with analysts warning of a tough Christmas ahead
TfL and Westminster join forces with business to lure shoppers back to The Strand October 19, 2023 A new taskforce will be set up to boost footfall to London's historic Strand district after home working trends hit retailers.