Lidl promotes Ryan McDonnell to UK CEO November 26, 2021 Supermarket Lidl has announced current UK CEO Christian Härtnagel will become chief executive at Lidl Germany, while Ryan McDonnell will be promoted to lead the group’s UK operations. McDonnell, who left a family business in construction for Lidl’s graduate scheme in 2000, set up the company’s buying and marketing divisions. The supermarket business, which [...]
Amazon to face UK protests on Black Friday while strikes planned in Europe November 25, 2021 UK Amazon workers and campaign groups are among those planning to protest against the tech firm’s treatment of workers on Black Friday, with strikes planned in other countries. Amazon employees in the US and several EU countries are planning to take action on one of the tech firm’s busiest days of the year. The action [...]
George at Asda launches treasure hunt for second-hand Gucci items November 25, 2021 Supermarket Asda has teamed up with vintage wholesaler PreLoved, ahead of the anticipated release of Ridley Scott’s House of Gucci. Some 30 exclusive pieces have been hidden across 50 Asda stores across the country, with shoppers encouraged to hunt for second-hand items. Pieces will be on sale for as little as £12. With the latest [...]
Remy Cointreau shares leap after full-year profit forecast raised thanks to booming China sales November 25, 2021 Shares in Cointreau-maker Remy Cointreau swelled on Thursday after the firm hiked its full-year profit forecast. It reported first-half results that were above expectations, following strong demand for its premium cognac in China, the United States and Europe. Shares were up 12 per cent and hit a record high of 209.8 euros on Thursday. Group [...]
London hotels hope for a cracker Christmas as Covid recovery lags behind rest of country November 25, 2021 London hotels are still lagging behind in their Covid recovery compared to rivals elsewhere – but have reported strong festive bookings. The capital’s occupancy rates were 26 per cent behind pre-pandemic levels last month, as the sector continues to suffer from the slow return of international tourists and business travellers. Hotels are also facing a [...]
Shortage fears: Wine and spirit bosses warn of Christmas delays thanks to lack of drivers November 24, 2021 Brits face disappointment as deliveries of their favourite alcoholic drinks are being delayed due to the shortage of HGV drivers, a coalition of 49 wine and spirits companies has said. Bosses from household names such as Campari and Bibendum Wines have today written to secretary of state for transport, Grant Shapps, calling for further action [...]
Lidl aims for 1,100 UK stores by 2025, creating 4,000 new jobs November 24, 2021 Supermarket Lidl has announced plans to have 1,100 stores across the UK by 2025, creating 4,000 new jobs, after opening 55 stores during the first year of the pandemic. It comes as the grocer published its accounts filed with Companies House for the 12 months to the end of February showing revenues jumped 12 per [...]
Asia sales and Covid-19 unlocking boost luxury retailer Mulberry November 24, 2021 The Covid-19 unlocking and booming sales in Asia have boosted luxury fashion retailer Mulberry, reveal new figures released today. Income at the London-listed retailer climbed 34 per cent to over £65m, up from £48.9m in the same period last year. Profits jumped to £10.2m, largely driven by the sale of shop leases in France. UK [...]
Small businesses won’t survive 2022 without Christmas bumper, research shows November 24, 2021 Almost one fifth of small and medium-sized enterprises (SMEs) will not survive 2022 without a Christmas bumper period, as around 36 per cent of businesses make 20 per cent of their annual revenue during the festive period. Research from business insurance provider Simply Business has highlighted how two thirds of business owners believe a good [...]
Pret sales in City of London below pandemic levels November 23, 2021 Pret a Manger’s weekly sales are still down on pre-pandemic levels in the City of London while across the UK office lunch sales have made a full recovery. Sales of sandwiches and coffees from the chain’s Square Mile sites were 13 per cent down on pre-pandemic levels last week. Many City workers are still working [...]