Chicken boss warns shoppers face price hikes in ‘different world’ October 13, 2021 Food prices are set to rise 10 per cent thanks to uncontrollable inflation, the boss of Britain’s biggest chicken firm has warned. Ranjit Boparan, founder of 2 Sisters Food Group, told The Telegraph that consumers were facing a “great food reset,” amid supply chain disruptions. Food companies will have no choice but to pass costs [...]
UK urges people not to start panic buying Christmas gifts October 13, 2021 A day after Washington warned U.S. shoppers they might not get all they want this Christmas, the UK has urged people not to start panic buying gifts. Watch the full report.
Amazon faces £100m compensation case as London drivers demand employment rights October 13, 2021 Multiple self-employed Amazon delivery drivers are seeking employment rights from the digital giant, a case that reports say could potentially cost the digital giant over £100m. Law firm Leigh Day is launching moves against delivery giant Amazon over workers’ rights, which it says could result in compensation totalling millions of pounds. Leigh Day claims thousands [...]
£2bn loss in 15 mins: THG in the dark over what caused share price drop of 35 per cent October 13, 2021 THG said today it still has not figured out what caused the online retailer’s share price to nosedive by 35 per cent during a shareholder meeting yesterday afternoon, wiping £2bn off its value. The firm’s management stressed they had not revealed any new information that might have caused such a major swing in the embattled [...]
Charlotte Tilbury hit with Instagram ban over posts from Made in Chelsea star October 13, 2021 Beauty brand Charlotte Tilbury was faced with an Instagram ban this morning after ads from Made in Chelsea star Eliza Batten failed to mention that they were paid-for posts. An Instagram reel and story posted by former Made In Chelsea star Eliza Batten in January showed her applying various Charlotte Tilbury products, with a swipe-up [...]
‘Transformer’: Hasbro CEO Brian Goldner dies aged 58 two days after taking medical leave October 13, 2021 Hasbro chief Brian Goldner has passed away aged 58, the company said this morning. The announcement came two days after the company based in Pawtucket, Rhode Island, said Mr Goldner was taking a medical leave of absence. As chief executive and chairman, Goldner spearheaded Hasbro’s transformation from a toy company to an entertainment force. Hasbro [...]
Almost a thousand pubs and restaurants have closed since Freedom Day October 13, 2021 The country has lost nearly a thousand pubs and restaurants since Freedom Day, when hospitality was freed from Covid restrictions. At an average closure rate of 16 licensed premises a day, the figures from CGA and AlixPartners make stark the difficulties still faced by businesses. Independently run pubs and bars accounted for nearly three quarters [...]
LVMH enjoys post-lockdown sales boom as shoppers turn to luxury goods October 12, 2021 Sales at French luxury giant LVMH swelled 20 per cent in the third quarter as shoppers rushed to buy high-end fashion amid the return of socialising. The company said like-for-like sales, stripping out the effect of foreign exchange fluctuations, rose to 15.51 billion euros ($17.90 billion) in the three months to September. It sells a [...]
Losing the spark: London’s New Year’s Eve fireworks show cancelled again October 12, 2021 London’s highly anticipated New Year’s Eve fireworks show has been cancelled for the second year running over Covid-19 concerns. While the Thames-side event is off, there are plans to hold a separate event in Trafalgar Square, according to the Metro. “This year, as always, London will be welcoming the new year in a spectacular way,” [...]
Gymshark ‘aggressively’ pitched by banks as London IPO is on the cards October 12, 2021 Athleisure business Gymshark has started to put together plans for a stock market listing. The brand has been holding preliminary talks with institutional investors and investment banks about a flotation, Sky News has reported. The company hit a £1bn valuation just over a year ago and boasts customers in more than 130 countries. Gymshark was [...]