Ted Baker launches investigation into harassment claims against ‘forced hugs’ boss December 3, 2018 Ted Baker has launched an internal investigation into claims its chief executive and founder harassed female staff members. The FTSE 250 firm’s shares took a dive this morning, dropping more than 14 per cent in early trading. In an statement released today, the fashion retailer’s board said it has launched a “thorough and urgent” external [...]
Unilever invests in India with €3.3bn deal for Horlicks December 3, 2018 Unilever has agreed to buy GlaxoSmithKline’s nutritions arm, including Horlicks, a week after press reports the two were in exclusive talks. The €3.3bn (2.9bn) deal will give the British-Dutch consumer goods company a substantial presence on the growing Indian market. It will buy GSK’s health food drinks portfolio in India, Bangladesh and 20 other mainly [...]
McColl’s shares plunge on profit warning December 3, 2018 Convenience store chain McColl’s today cut its profit forecast for the year, sending its shares tumbling more than 20 per cent. McColl’s cut its adjusted earnings before interest, tax, depreciation and amortisation (Ebitda) for the 2018 financial year to £35m, down from a previous estimate of £44m. The business blamed the profit cut on disruption [...]
Floom set to blossom across the US as it raises £2m for international growth and new software services December 3, 2018 Online flower delivery site Floom has raised £2m as it looks to expand across the US over the coming year. The business, which was founded in 2016 by Lana Elie, connects independent flower shops with a system that allows them to sell bouquets online. Likened to Just Eat, Floom has set up to offer same-day [...]
Pubs reap rewards of World Cup summer as third quarter beer sales grow, but Brexit uncertainty looms December 3, 2018 The haze of a long, hot World Cup summer drove British drinkers to buy more beer in the third quarter than the year before for the first time in more than 15 years. UK pubs saw beer sales grow 0.9 per cent year on year from August to October, with around 941.5m pints changing hands over [...]
Football fan club Otro nets £50m backing from 23 Capital December 3, 2018 Digital football fan club Otro has received backing worth tens of millions of pounds from venture capital firm 23 Capital ahead of its eagerly-anticipated launch today. Online platform Otro, which provides fans with curated content from global football stars, today revealed it had secured backing following weeks of growing speculation about the new site. City [...]
Consumers warned of Christmas cons as fake goods cases continue to rise December 3, 2018 Shoppers have been warned to be on the alert this Christmas as the number of court cases involving high value fake goods continues to rise. There have been 39 cases involving counterfeit goods worth more than £116m in the last two years, according to new data from KPMG’s Fraud Barometer. The research found that more [...]
Takeover saves 260 jobs at luxury furniture maker Smallbone December 2, 2018 Luxury furniture maker Smallbone of Devizes has been rescued from going under after finding a new buyer to help save the brand. US investor Sapphire 700 has bought the company’s parent Canburg, which also owns Mark Wilkinson Furniture and Brookmans. The deal helps save 260 jobs in the three brands, and keeps production in Devizes, Wiltshire, [...]
Oldest ever Chivas Scotch commands 21k price tag at Sotheby’s auction December 2, 2018 A bottle of Chivas’s oldest ever Scotch whisky has fetched £21,780 at a Sotheby’s auction in London, one of four limited edition bottles made to celebrate Manchester United’s 1968 European Cup victory. The bottle, containing the oldest whisky ever made by the Highlands-based producer, is the only one of the four that has been put [...]
Ted Baker staff launch petition over boss’s unwanted ‘hugs’ and alleged harassment December 2, 2018 Staff at Ted Baker have launched a petition calling for an end to a culture of “forced hugs” and unwanted attention from the company’s founder and boss. A employee-launched petition accuses chief executive Ray Kelvin of inappropriate behaviour and comments to staff. “He'll want to brush this under the carpet,” the petition’s author wrote. “But [...]