Pub chain Fuller’s to axe one in 10 jobs with London facing biggest cuts September 30, 2020 The head of pub chain Fuller’s has revealed at least 10 per cent of his around 5,000 staff are facing redundancy. Simon Emeny said the government’s decision to encourage people to work from home where possible will hit Fuller’s city-centre pubs hardest and result in job losses. “We are doing everything possible to minimise that, [...]
Hospitality bosses to exclude London from future growth plans after pandemic September 30, 2020 More than four in five hospitality bosses said they will avoid city centre locations such as London in their future growth plans following a drop in footfall, the latest research showed. Three quarters of respondents to the survey said they will adapt to the widespread switch to working at home. Meanwhile fewer than ten per [...]
Kylie Jenner’s cosmetics firm warns of Shopify security breach September 30, 2020 Kylie Jenner’s cosmetic company has warned customers of a security breach after Shopify had data stolen from 100 sellers. The E-commerce website said data, such as names, addresses and the last four digits of credit cards had been stolen by two “rogue” support-team workers from a number of sellers. Jenner’s make-up brand, Kylie Cosmetics, said [...]
Morrisons creates 1,000 jobs to fulfil Amazon orders September 30, 2020 Morrisons has created more than 1,000 new jobs to help fulfil orders through its new Amazon partnership. The supermarket said today that the new permanent positions will involve picking and packing customer orders from more than 50 stores across the UK. Amazon Prime customers are able to order Morrisons groceries, with a free same-day delivery. [...]
Ferrero Group in £250m bid to buy British Fox’s Biscuits September 30, 2020 Italian confectionary giant Ferrero Group is planning a £250m bid to buy British-based Fox’s Biscuits. The owner of brands such as Kinder and Nutella is working on a takeover deal with advisers, according to Sky News. Demand for biscuits has risen since the coronavirus lockdown, halting a downward trend as consumers opt for healthier snacking [...]
Lockdown entrepreneurs given chance to secure West End retail space September 29, 2020 Entrepreneurs that have established new brands during the UK coronavirus lockdown could secure physical retail space in the West End through a pop-up incubator initiative. West End landlord Shaftesbury has launched a scheme to offer retailers the chance to operate from a pop-up store in Seven Dials in a bid to support new businesses. The [...]
B&M raises profit forecast as sales soar during lockdown September 29, 2020 Discount chain B&M has bucked the trend of struggling retailers after posting revenue growth of 25.3 per cent for the first half of its financial year and raising its profit forecast. The group saw sales jump between 29 March and 26 September as the coronavirus lockdown hit, citing its “well-attuned business model to the evolving [...]
Ex-Sainsbury’s boss Mike Coupe joins NHS Test and Trace September 29, 2020 Former Sainsbury’s chief executive Mike Coupe has been appointed as a director at the UK’s beleaguered coronavirus testing service. Coupe, who was once caught on camera singing “we’re in the money” in relation to a since canned merger between Sainsbury’s and Asda, has been appointed testing director of NHS Test and Trace. The former supermarket [...]
Report: ‘Worst-case’ Covid-19 scenario could “wipe out” London’s cultural sector September 29, 2020 The West End could suffer a 97 per cent slump in added value by 2024 if stricter long-term coronavirus restrictions are imposed, businesses have warned. A new report showed that the Covid-19 pandemic could cost the West End’s arts and culture sector £4.7bn annually in 2024 under a “worst case scenario” involving a year-long lockdown. [...]
Retail rent arrears to exceed £2bn after third quarter September 29, 2020 Retail rent arrears could exceed £2bn after today’s third quarter payment deadline, property industry body Revo has warned. The organisation said this morning that less than 50 per cent of rent due is expected to be paid by operators as the coronavirus crisis continues to impact the high street. So far this year the unpaid [...]