Inside House of Campari: Brexit vote of confidence in London as Italian spirits giant moves to Soho November 7, 2022 Campari Group, the producer of spirits brands in the UK such as Aperol, Wray & Nephew, Appleton Estate Jamaica Rum as well as Campari, has opened a new regional headquarters in the heart of the capital. Named “The House of Campari”, the new London base is situated in Great Portland Street, just off Oxford Street. [...]
Gutsy Loungers sees motorway’s Brightside as retailer launches entire new restaurant chain November 7, 2022 Loungers announced today the launch of a new roadside restaurant brand called Brightside, amid a volatile economic environment. The UK cafe and restaurant operator said it has acquired three sites, with the first one set to open on the A38, south of Exeter, in February. The other two sites will open on the A303 and [...]
Struggling retailer Joules begs investors for fresh cash as merciless restructure looms November 7, 2022 Struggling retailer Joules has revealed talks with investors including founder Tom Joule to inject cash into the business alongside a possible company voluntary arrangement (CVA) restructuring as sales continue to disappoint. The group said Mr Joule – who has recently returned to the firm as product director – is among a number of “strategic investors” [...]
Made.com to fall into administration as soon as Monday November 7, 2022 Troubled online furniture retailer Made.com is reportedly set to go into administration as soon as Monday or Tuesday. It comes after attempts to find a buyer failed earlier this month, which prompted the company “to temporarily suspend new customer orders”. Hundreds of staff, most of them in the UK, are expected to lose their jobs, [...]
Retailers bet on coronation boost after extra May bank holiday announced November 6, 2022 Retailers are hoping for a royally big boost next year after the government announces an extra bank holiday for King Charles III’s coronation. In an announcement today, Prime Minister Rishi Sunak confirmed the UK-wide holiday would fall on Monday 8 May, following the Coronation on Saturday 6 May. “The Coronation of a new monarch is [...]
Cost of living special: Which everyday items have risen in price by how much recently? November 6, 2022 New figures showed recently that retail sales volumes have plummeted to 1.3 per cent lower than pre-coronavirus levels, as rising prices and the cost of living continues to bite. The ONS data said at the end of October that in particular food store sales were down, by 1.8 per cent last month, which is 3.2 [...]
Pastry prices: Watchdog warns Cérélia‘s purchase of Jus-Rol could leave UK shoppers at risk November 4, 2022 Puff pastry giant Cérélia‘s purchase of Jus-Rol could leave UK shoppers at risk of forking out higher prices, the competition watchdog has provisionally found. After an initial investigation, the Competitions and Markets Authority (CMA) found that a merger of the two retailers raises concerns about the impact on prices and product quality. Ready-to-bake items [...]
Hashtag Ad: Competition watchdog asks brands to be more transparent over influencer adverts November 4, 2022 The competition watchdog has published fresh guidance for Instagram influencers and big tech firms to help users identify a paid for endorsement. Regulators want to see social media publishers commit to being more open and transparent about when posts are paid for adverts. Under the new guidance, the Competition and Markets Authority (CMA) has asked [...]
DFS sees “more positive” order trend after gloomy sales warnings earlier this year November 4, 2022 Sofa seller DFS said it hopes to buck a trend of furniture firms struggling amid the economic crunch, after having a more optimistic September. Since early September, the London-listed company said it had observed “a more positive trend”, in comparison to prior warnings about a softening of demand for homeware. It said group order volumes [...]
Bleak Friday? Retailers hit by spending slowdown as shoppers shun high street November 4, 2022 High street bosses are nervously awaiting Black Friday as retail sales volumes dropped dramatically last month. Sales volumes have dropped significantly, although this has been masked by historically high levels of inflation, data from accountancy firm BDO revealed today. In-store like-for-like sales saw the lowest growth since lockdown in February 2021, with growth of just [...]