‘Not a dark kitchen’: Taster to launch two pasta delivery sites a month with Jamie Oliver October 12, 2022 The founder of food delivery start-up Taster has said the firm wants to differentiate itself from dark kitchens, as it aims to roll out two new sites per month for its new pasta brand with celebrity chef Jamie Oliver. Taster hopes to take the Jamie Oliver collaboration “very far” and turn it into the “biggest [...]
Elliott holds talks with Hargreaves over backing Matalan bid October 11, 2022 John Hargreaves' bid to wrest back control of Matalan could be given a valuable boost from the owner of Westminster.
Sales soar for Dior owner LVMH as Chinese retail bounces back October 11, 2022 Dior owner LVMH smashed third quarter forecasts this evening, with business in China finally picking up thanks to Covid restrictions being eased. The luxury goods giant, which owns brands like Bulgari and Tiffany & Co, said sales climbed 19 per cent from the previous year to €19.8bn. The fashion and leather goods division were a [...]
Sofa seller ScS: Shoppers may splurge on home makeovers instead of moving amid high mortgage rates October 11, 2022 Sofa seller ScS has suggested that some consumers may invest in home makeovers instead of opting to move house amid historically high mortgage rates. The furniture firm posted record sales growth on Tuesday morning but warned of “subdued” trading in recent weeks against a backdrop of household bills increasing. Revenue rose 8.6 per cent from [...]
Fine wine investors toast Kwarteng as sterling crash boosts market October 11, 2022 Fine wine investors have been toasting the tumbling pound in the past weeks as they capitalise on depressed sterling prices to snap up premium tipples at cut-prices.
Exclusive: The pandemic sped up the pace of change in retail, says Manhattan’s CEO October 11, 2022 Ever since Covid became a household name and the pandemic creeped into businesses’ operations, global supply chains have been under more pressure than ever. It is one of the reasons urgent supply chain commerce transformation has been at the top of the agenda of retail giants, industry leaders, product experts and agents of change. One [...]
Spike in package holidays and foreign travel may be ‘rare positive legacy of pandemic’ October 11, 2022 Foreign holidays are back with a bang with 45 per cent of people going abroad in the last year. The latest study from travel agent association ABTA found the level of foreign travel in the last 12 months was equivalent to 70 per cent of that in 2019, pre pandemic. With coronavirus restrictions lifted, a [...]
Shoppers face £643 increase to yearly grocery bill October 11, 2022 Shoppers are facing an additional £643 jump in their annual grocery bill as grocery price inflation breaks another record. According to freshly published data from Kantar, grocery inflation sits at 13.9 per cent, the highest level since the data firm started tracking prices in the 2008 financial crisis. The average household’s annual grocery bill is [...]
Greencore profit held back by rail strikes and bank holiday October 11, 2022 Food manufacturing giant Greencore has seen profits dented by rail strikes and the bank holiday for the Queen’s funeral in September. In a fourth quarter and full year trading update, the convenience food maker placed its adjusted operating profit at the lower range of £72-77m. The London-listed firm said it had been forced to absorb [...]
Marston’s: Customer demand ‘encouraging’ despite living pressures October 11, 2022 Pub operator Marston’s has said it is still seeing Brits head to their locals in recent weeks despite pressure on budgets. Like-for-like sales were buoyant over the 10 weeks from 24 July to 1 October ,increasing three per cent on the 2019 financial year. Total like-for-like sales had sunk one per cent compared to the [...]