Mike Ashley’s empire tightens grip on Boohoo as crunch vote nears November 15, 2024 Mike Ashley’s Frasers Group has continued to up its stake in Boohoo as a war of words over the future of the fast-fashion giant rumbles on. The owner of the likes of Sports Direct and House of Fraser now has a 28 per cent stake in the Manchester-headquartered group, which itself features brands such as [...]
How Arla Foods boss went from selling cigarettes to Lurpak and Cravendale November 15, 2024 A globe-trotting career that began selling cigarettes at British American Tobacco and has led to heading up the UK arm of dairy giant Arla Foods is maybe not what Bas Padberg could have predicted when he started out in the early 1990s. The managing director of the group behind Lurpak, Cravendale, Skyr and B.O.B milk [...]
Knoops: Boss reveals plans to become £4bn global giant November 13, 2024 The boss of Knoops has outlined his plans to the grow drinking chocolate chain into a $5bn (£3.9bn) giant with at least 3,000 stores across the world. William Gordon-Harris, who is both the chairman and chief executive of the London-headquartered business, said his revenue target is “readily achievable” when each of its hoped-for stores hit [...]
Struggles continue at Asda as new owner looks to turn around supermarket giant November 12, 2024 The continuing struggles at supermarket giant Asda have been revealed with both Tesco and Sainsbury’s hoovering up its market share in the UK, according to new figures. Sales at the Leeds-based grocer totalled £4.242bn in the 12 weeks to 3 November, 2024, down from the £4.490bn it reported for the same period last year, the [...]
Castore: Andy Murray sportswear brand backed by billionaires tops growth list November 7, 2024 British sportswear brand Castore, which is backed by the likes of Sir Andy Murray and the billionaire Issa brothers, has been named as the UK’s fastest growing retailer. The Manchester-headquartered company has topped the list from Retail Index which analyses revenue growth over a two-year period. Based on the figures used for the ranking, Castore’s [...]
Mamas & Papas: M&S and Next deals boosts sales to new record November 7, 2024 High street nursery brand Mamas & Papas has reported record sales thanks to the success of its deals with M&S and Next. The Huddersfield-headquartered company has posted a revenue of £154.3m for the 12 months to 31 March 2024, up from the £144.1m it achieved in the prior year. The business said that its revenue [...]
Reebok profit surges as international sales take off November 7, 2024 Profit surged at Reebok in the first full year since being acquired by Authentic Brands, it has been revealed. The Cheshire-headquartered group has posted a pre-tax profit of $176.8m (£147m) for 2023 while its turnover totalled $276.4m. The results, revealed in newly-filed accounts with Companies House, were filed after the 31 September deadline. The new [...]
One Stop sales jump at Tesco-owned convenience store chain November 7, 2024 Sales at convenience store chain One Stop, which is owned by Tesco, jumped to almost £1.3bn during its latest financial year. The Walsall-headquartered business has posted a revenue of £1.29bn for the 12 months to 24 February, 2024, up from the £1.17bn it achieved in the prior year. Newly-filed accounts with Companies House have also [...]
Huge pay day for Cheshire Oaks owner as profit almost triples November 5, 2024 The group behind outlet shopping centres such as Cheshire Oaks has issued a huge dividend to its owner after its sales and profit surged. Mcathurglen UK has issued a dividend of £58.9m for 2023 after paying out £2.2m in 2022. Newly-filed accounts with Companies House also show that the group’s revenue jumped from £128.4m to [...]
Should a business be like your family? The boss of B&Q thinks so November 5, 2024 A business should be more like a family in order to attract employees with the right moral and cultural judgements, the boss of B&Q has said.