Deliveroo partners with Channel 4 for Gogglebox-style ad series October 4, 2022 Deliveroo has teamed up with Channel 4 to create a Gogglebox-style series on how their food delivery had ‘saved the day’. Working with ad agency The Outfit, the food delivery giant will create 10 contextual ads filmed in an observational documentary style, which will be shown around Channel 4 hits like Made in Chelsea and Grand [...]
Poshmark purchased by Naver in £1.05bn shopping spree October 4, 2022 Fashion resale platform Poshmark has been snapped up by South Korean e-commerce firm Naver Corp, leaving some investors sceptical about the timing of the takeover. Naver’s share price took a hit after the announcement of the $1.2bn acquisition, with shares tumbling almost nine per cent overnight on Monday. The internet search engine giant said it [...]
Made.com begins talks with suitors over sale as cash injection of £70m needed October 4, 2022 Made has said it has started talking to a number of potential suitors about a sale of the furniture retailer. After previously declaring the beleaguered online retailer would be looking to sell itself to shore up funding to clinch its survival, Made.com said it had now entered into non-disclosure agreements with various parties. The potential [...]
Greggs: Sausage roll sales rise as consumers look for cheaper eats October 4, 2022 Greggs has reported surging sales this autumn while making no changes to its cost inflation outlook for the year. The sausage roll specialist said on Tuesday that total sales were up 14.6 per cent for the 13 weeks to 1 October 2022, compared to the same period in 2021. Price increases of around five pence [...]
Frasers edges closer to MySale takeover October 3, 2022 Frasers Group has inched further towards a takeover of My Sale, after snaring a 50 per cent stake in the Australian e-commerce firm. The Sports Direct owner upped its stake in the business, after snaring 100,000,000 MySale shares from investment firm Jackson Family Capital and 62,145,385 MySale shares from former vice-chairman and founder of the [...]
Michael Doughty: Hylo Athletics founder on quitting football and ‘Patagonising Nike’ October 3, 2022 Former Premier League footballer Michael Doughty tells Frank Dalleres why he walked away from the game to set up sustainable sportswear brand Hylo Athletics. The longer that Michael Doughty’s playing career went on, the harder he found it to ignore the effects of climate change. “I saw way more games called off, way more training [...]
Deliveroo hits the streets with West End grocery store October 3, 2022 Online delivery app Deliveroo has opened the doors of its first brick and mortar grocery store on New Oxford St. Shoppers will be able to order groceries through digital kiosks, via the Deliveroo app for collection or home delivery. The Deliveroo HOP shop will be open from 8am to 11pm. The range of 1,750 products [...]
Tortilla anticipates shaved margins as protein prices spike October 3, 2022 Mexican fast-food chain Tortilla has warned it faces a hit to margins this year after meat prices have soared. Inflationary pressures would lead to a three percentage points reduction in gross margin for the 2022 financial year, to the tune of approximately £1.8m, Tortilla said on Monday. The restaurant brand pointed to a 40 per [...]
Exclusive: Second Los Mochis restaurant to open at 100 Liverpool St rooftop October 3, 2022 British Land Land has signed Los Mochis, the Baja-Nihon restaurant, which will open a flagship 14,000 sq ft restaurant on the rooftop of 100 Liverpool Street at Broadgate. CityA.M. can reveal that the Baja-Nihon restaurant will set up shop at 100 Liverpool St at Broadgate, opening in autumn 2023. The new venue follows in the [...]
Burger King inks whopper deal for ownership of 74 restaurants October 3, 2022 Burger King has snapped up a swathe of restaurants from its second largest franchise partner, in its largest ever franchise consolidation. The fast food chain’s UK arm said an indirect acquisition of all 74 restaurants under Karali Limited and Teresina Limited would boost its plans to expand its owned and sub-franchised portfolio. Burger King UK’s [...]