Investigation finds Black Friday deals cheaper at other times of year November 26, 2019 Almost all Black Friday deals can be found cheaper or available for the same price at other times of the year, an investigation has found just days before the annual shopping event. An investigation tracked 83 products on sale on Black Friday last year, from six months before the discount day until six months after, [...]
You’ll never guess who ended Apple’s reign as the UK’s best employer November 26, 2019 iPhone titan Apple has been toppled from its top spot on a list of the UK’s top 25 employers. But it wasn’t another tech giant that took Apple’s crown – that honour, in fact, goes to pest control company Rentokil. The Camberley-based rat catchers topped recruiter Indeed’s list of the most popular employers in the [...]
Sports Direct to rebrand as Frasers Group as Mike Ashley attempts to elevate image November 25, 2019 Sports Direct International has announced it will rebrand as Frasers Group as retail tycoon owner Mike Ashley attempts to improve the company’s image. The proposed rebrand, which will be voted on by shareholders on 16 December, follows the announcement that the company is planning to launch a chain of of luxury high street stores named [...]
Ebay to sell Stubhub to Viagogo for $4bn November 25, 2019 Ebay has agreed to sell its ticket sales platform Stubhub to Viagogo in a deal worth $4.05bn, following pressure from activist investors to offload parts of its business. The auction site bought Stubhub for $310m in 2007, but in March this year it launched a strategic review of its assets following pressure from activist investors [...]
Asos appoints first chief growth officer November 25, 2019 Asos has appointed its first chief growth officer to strengthen its senior management team as it recovers from a drop in profit following a botched international expansion. The online retailer said Robert Birge, who was previously chief marketing officer at travel search site Kayak and media agency IMG, will join the company on 3 December. [...]
Intu sells retail park to New River REIT for £40m November 25, 2019 Retail landlord Intu has sold a Northern Ireland retail park to property investment trust New River REIT for £40m. The sale of Sprucefield Retail Park in Lisburn brings Intu’s year-to-date disposals total to £268m, as the shopping centre operator aims to fix its balance sheet. Read more: New River REIT swings to a loss on [...]
The Restaurant Group shares fall as Wagamama reports slowing growth November 25, 2019 Wagamama owner The Restaurant Group suffered a share price drop this morning after the Asian fusion chain reported slowing sales growth in the second quarter. Like-for-like sales growth was 6.3 per cent in the UK, less than half the 12.9 per cent growth reported in the first quarter of the year. Read more: The Restaurant [...]
Retail sales improve in run up to Christmas November 25, 2019 UK retailers saw sales improve in the year to November after six months of decline as high street stores gear up for the crucial Christmas trading period. Retailers reported largely unchanged sales volumes this month, driven by strong grocery sales, and the industry expects growth to return in the year to December. Read more: Shoppers [...]
LVMH close to buying Tiffany & Co for $16bn November 24, 2019 Luxury fashion house LVMH, the owner of Louis Vuitton, is close to buying jewellery retailer Tiffany & Co for about $16.3bn. LVMH, which also owns Dior and Moet & Chandon, is nearing an agreement to acquire the US jewellers for $135 per share, in a deal that could be announced this evening or tomorrow. Read [...]
Bounce owner raises $20m for US expansion November 24, 2019 Social Entertainment Ventures (SEV), the owner of Bounce, Flight Club and Puttshack, has raised $20m to drive the expansion of its leisure brands across the US. The company will accelerate the roll-out of Flight Club, a darts bar concept, across the US, with its second venue set to open in Boston next month. Read more: [...]
