Selfridges to open permanent cinema on Oxford Street September 10, 2019 Selfridges will open a permanent cinema in its flagship Oxford Street store at the end of November, the upmarket department store said today. Read more: Cinema websites crash amid rush for Avengers endgame tickets The cinema is the result of a partnership between Selfridges and boutique cinema the Olympic Studios, which has movie theatres in [...]
Investment in vegetarian firm helps Hilton Food serve up higher profit September 10, 2019 Food processing and packaging firm Hilton Food Group has reported increased profit for the first half, helped by a deal with a manufacturer of vegetarian and vegan foods. The figures Hilton reported a 10.6 per cent increase in profit before tax for the first half of 2019. Revenue grew 5.6 per cent to £912.1m – [...]
Oasis and Warehouse buy London menswear website September 10, 2019 The Oasis and Warehouse group has moved into menswear for the first time with the acquisition of a London-based online fashion brand. The Idle Man, which is headquartered in Shoreditch, was founded in 2014 by former Asos buyer Oliver Tezcan. The e-commerce platform sells men’s brands and its own labels. Read more: Oasis and Warehouse [...]
Alibaba chairman Jack Ma steps down September 10, 2019 Alibaba chairman Jack Ma will retire from the Chinese e-commerce giant today, marking the occasion with a huge farewell party. Ma co-founded the business, which has become one of the world’s biggest internet firms, 20 years ago in Hangzhou in eastern China. Read more: Alibaba delays Hong Kong listing over protests The entrepreneur will hand [...]
JD Sports revenue growth defies high street gloom as it calls for ‘fairness’ on leases September 10, 2019 JD Sports has posted a sharp rise in revenue and profit for the half year, as it called for “fairness” on its leases amid gloomy conditions on the high street. Read more: Competition watchdog kicks off probe into JD Sports Footasylum acquisition The figures Revenue soared 47 per cent to £2.7bn in the 26 weeks [...]
Ferrari powers ahead with two new models as firm chases profit boost September 9, 2019 Italian supercar manufacturer Ferrari lifted the lid on two new cars today as it pushes on with an aggressive roll-out plan designed to keep its recent profit and share price growth in top gear. The so-called prancing horse, long a motor racing icon and household name in luxury cars, unveiled the F8 Spider and 812 [...]
Sports Direct’s Mike Ashley makes move for Links of London September 9, 2019 Retail magnate Mike Ashley is hoping to ramp up his high street spending spree after putting in an offer for troubled jewellery group Links of London. The Sports Direct owner is tabling a bid to snap up the retail outlet, according to Sky News, which has reported that Ashley is one of two final bidders [...]
Shares in concierge firm Ten Lifestyle rise as it lifts full-year forecasts September 9, 2019 Shares in Ten Lifestyle ticked up this morning after the travel and concierge firm said it expected annual loss to be narrower than previously forecast. Read more: Nearly all BA flights cancelled as pilot strikes begin In a trading update ahead of its full-year results, Ten said it is set to report net revenue in [...]
Intu shares jump on reports of Orion Capital buyout September 9, 2019 Shopping centre owner Intu led the FTSE risers this morning following reports of a potential buyout led by Orion Capital Managers. Read more: Intu share price fall continues after dividend cancellation Orion, run by private equity tycoon Aref Lahham, is said to be seeking partners for a buyout of the struggling company, which has felt [...]
Primark store expansion plan offsets sales slump September 9, 2019 Primark is expected to report sales growth in its full-year results driven by the bargain retailer’s store expansion plan. Sales for the full-year, which will be announced in November, are expected to be four per cent up on last year, the retailer’s owner Associated British Foods (ABF) said in a trading update this morning. The [...]