Four day working week reaches UK hospitality as iconic Landmark London hotel puts chefs on more pay for less time January 22, 2022 The Landmark London hotel has become the first major hospitality company in the UK to embrace the four day working week trend, telling City A.M. that its chefs will shave off one day a week from February without losing any of their pay. In fact, the five star Grand Dame hotel said its chefs will [...]
Aldi had its best Christmas ever as sales go through the roof January 10, 2022 Aldi has hailed its “best ever” Christmas sales as trading rebounded in December. The discount supermarket chain revealed that sales increased by 0.4 per cent against the same month last year, when sales across grocery stores had been buoyed by lockdown measures across hospitality firms. Aldi claimed figures from research firm Kantar show it was [...]
Retailers fighting for every inch of warehouse space as e-commerce boom rapidly increases storage shortage January 10, 2022 A surge in demand for logistics sites in 2021 is increasingly leading to a shortage of warehouse space, according to new data. Experts at real estate advisory firm Colliers said the take-up for large industrial distribution warehouses increased to record annual levels. Around 50.7 million sq ft of large distribution warehouses were snapped up in [...]
Retail investors flock to sustainability firms January 10, 2022 Retail investors have flocked to ‘cleantech’ and sustainability firms as they look to capitalise on a wave of new entrants to the sector.
Annual spending on ethical products soars past £100bn for first time December 31, 2021 British shoppers spent more than £100bn on ethical products and investments last year, as the twin crises of the pandemic and climate change prompted significant lifestyle changes. Plant-based food, and products, and secondhand clothes, furniture and even cars saw demand surge in the last year with ethical spending rising to £122bn in 2020 – up [...]
Last-minute Christmas shoppers rush to central London as capital readies to slow down for the holidays December 24, 2021 Many Londoners rushed to Oxford Street and other major shopping districts in the capital this afternoon for their last-minute Christmas shopping, as the country readies to shut slow for Christmas Day tomorrow. Despite the army shoppers this afternoon, footfall in central London has dropped more rapidly than elsewhere in the country over the last week [...]
A British icon is now Thai: Weston family pockets £4bn after completing sale of Selfridges December 24, 2021 The sale of luxury retail group Selfridges to Thai family-owned retail and hospitality Central Group and European real estate group Signa has been completed by the Weston family. A statement released early this morning by Central Group said the acquisition would “create one of the world’s leading omni-channel luxury department store groups”. The sale was [...]
Last order: Number of pubs in England and Wales continues to fall as 400 more disappeared this year December 23, 2021 The number of pubs calling last orders flatlined despite the toll of the pandemic, with more than 400 pubs disappearing from communities in England and Wales, according to new figures. New analysis has revealed the number of pubs across England and Wales in 2021 was largely unchanged from last year. Analysis of official Government data [...]
ING quits French retail banking market in strategic overhaul December 21, 2021 Dutch financial services company ING today announced it is ditching its French retail banking business, in a move that could jeopardise the jobs of its 460 employees, who were also informed of the move today. “A social plan concerning our 460 employees affected has been agreed on with local unions,” the group said in a [...]
Helical buys 100 New Bridge Street office site for £160m December 17, 2021 Real estate firm Helical has bought City office site 100 New Bridge Street for £160m. The deal – which is considered a Class I transaction – is conditional to shareholder approval at the firm’s general meeting, to take place in early February. “The acquisition of 100 New Bridge Street provides us with the opportunity to [...]