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By: Alys Key

Retail and leisure reporter

  • Burberry to stop burning unsold stock and ditch fur from collections

    September 6, 2018

    Burberry has announced it will no longer destroy unsold items after widespread outrage from investors and campaigners to the practice. The luxury fashion house has also confirmed it will no longer use real animal fur in its collections, starting with new creative director Riccardo Tisci's debut show this month. Following the revelation in July that Burberry [...]

  • Asda ends price guarantee scheme as it eyes lower prices after Sainsbury’s merger

    September 6, 2018

    Asda has joined the rest of the big four in ending a price guarantee initiative, saying it is "less relevant" to customers. The tool will be available until 3 October this year, and customers will still be able to redeem their vouchers for 28 days from the date they receive them. The grocer's chief customer [...]

  • Marston’s appoints Lazard’s UK CEO as its new chairman

    September 6, 2018

    The UK boss of financial adviser Lazard is headed to the pub with a new job as chairman of Marston's. William Rucker will take on the position from the beginning of next month, taking over from interim chair and Tesco veteran Carolyn Bradley. He has been chief executive of Lazard in the UK since 2004. He has previously [...]

  • Thameslink owner Go-Ahead Group’s profits climb despite London Midland franchise loss

    September 6, 2018

    Govia Thameslink owner Go-Ahead Group reported higher profits this morning despite losing a franchise and dealing with timetable chaos. Shares in the company jumped 9.4 per cent in early trading as management signalled that performance for next year would be "robust". The figures Revenue for the year to 30 June fell 0.6 per cent to [...]

  • John Lewis have it right: changing tastes show retail’s centre cannot hold

    September 5, 2018

    If you look past the shiny new signage on the front of the John Lewis & Partners flagship Oxford Street store, there is a much more interesting change going on inside. The retailer’s new name is not the only way it is signalling pride in its employees. Partners are becoming more visible throughout stores. “While [...]

  • Philip Day’s Edinburgh Woollen Mill Group ends business with House of Fraser

    September 5, 2018

    The Edinburgh Woollen Mill Group has ended business with House of Fraser due to lack of confidence in the business's future. The company, owned by retail tycoon Philip Day, said it had not been able to agree future trading terms with new owners Sports direct. Concessions for EWM's brands including Jaeger and Jacques Vert closed [...]

  • Everyman revenues climb higher as cinema chain plots expansion

    September 5, 2018

    Boutique cinema chain Everyman reported soaring revenues this morning as it rolls out to new sites around the UK. The company will open a cinema at the City's Broadgate development next year, making it just the second cinema in the Square Mile after the Barbican. The figures Revenue for the six months to 5 July [...]

  • Viagogo failes to turn up to parliamentary committee… again

    September 5, 2018

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  • M Restaurants founder to lead Gaucho as new owners take control

    September 5, 2018

    Administrators have confirmed the sale of Gaucho to a pair of banking groups, and the appointment of M Restaurants founder Martin Williams to lead the business. As City A.M. has previously revealed, Investec and SC Lowy bought out the company's debt last month with a view to a takeover. Today administrators at Deloitte said Gaucho had been sold [...]

  • London luxury goods repair service The Restory among startups picked for Farfetch incubator

    September 4, 2018

    A London-based start-up which repairs luxury fashion items is among the businesses selected for Farfetch's retail technology incubator. The Restory, which restores designer items, is one of 11 start-ups selected for the 12-week Dream Assembly programme. Farfetch plans to support fashion tech start-ups with talks, mentoring and networking opportunities. "The companies we have selected for the first Dream [...]

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