Wagamama owner The Restaurant Group slams current Covid tier system December 18, 2020 Wagamama owner The Restaurant Group has warned that the current coronavirus tiering system in England will have a significant negative impact on the firm and the wider hospitality industry. Shares in Restaurant Group, which also owns Frankie & Benny’s, dipped more than four per cent this morning after it announced that more than 60 per [...]
Nation of beer drinkers: Brits spend extra £2.1bn on booze in lockdown December 18, 2020 Booze-drinking Brits spent an extra £2.1bn on alcoholic beverages this year as they stocked up on lager, wine and spirits while pubs were closed during lockdown. Despite its name, Corona was one of the lager brands to toast the largest growth, with sales up £68m compared to last year. Lager was the fastest growing drink [...]
Nightclub operator Deltic rescued by Danish bar group, saving 1,300 jobs December 17, 2020 Nightclub operator Deltic, which owns the Pryzm and Atik chains, has been bought out of administration by Danish group Rekom, in a deal that is expected to save more than 1,300 jobs. Around 10 Deltic venues are expected to close, while 42 will reopen when restrictions on nightlife are lifted. Peter Marks, the current chief [...]
Asda ramps up partnerships strategy with Accessorize and Decathlon trials December 17, 2020 High street chains Accessorize and Decathlon have launched trials with Asda to sell products in supermarket stores, as retailers seek to adapt to new consumer shopping trends that have formed during the pandemic. Fashion and jewellery brand Accessorize will sell its products in an Asda West Midlands store as part of a “test and learn” [...]
Upper Crust owner SSP swings to huge loss as travel restrictions continue December 17, 2020 Upper Crust owner SSP swung to a huge loss this year as the travel food operator’s sales suffered a sharp drop due to a reduction in passenger numbers. Profit plunged from £197.2m in 2019 to a loss of £425.8m in the year ended 30 September as the impact of coronavirus restrictions hurt sales. SSP reported [...]
Boohoo exits 64 Leicester factories over code of conduct breaches following supplier scandal December 16, 2020 Boohoo terminated relationships with more than 60 Leicester suppliers following an investigation into working conditions at garment factories in the city. The fast fashion firm has exited 64 factories following a scandal that found some clothing suppliers in the city were paying workers less than minimum wage. Boohoo’s director of responsible sourcing and product operations [...]
Model railway maker Hornby puts the brakes on non-UK orders due to Brexit uncertainty December 16, 2020 Model railway maker Hornby will not accept international orders until next year due to Brexit uncertainty, it announced this afternoon. Hornby said it has paused all non-UK orders until 4 January 2021. Shares in the retailer, which also sells Scalextric racing kits, fell seven per cent following the announcement. In a statement the company said: [...]
Aldi launches click and collect service in London ahead of Christmas December 16, 2020 Aldi has launched a click and collect service in London for the first time as its ramps up its online shopping capacity to cater to a surge in demand. The budget supermarket said it will extend its click and collect service to four stores in outer London boroughs, where customers will be able to order [...]
Dixons Carphone profit jumps on lockdown electricals demand December 16, 2020 Dixons Carphone reported a jump in profit in the first half of the financial year due to a surge in demand during the coronavirus pandemic. Group profit before tax was £45m in the six months to the end of October, compared to a loss of £86m in 2019. Revenue increased three per cent from £4.71bn [...]
Moss Bros landlords approve retailer’s rescue plan December 15, 2020 Landlords have approved Moss Bros restructuring proposals as the menswear retailer aims to reduce costs due to the impact of the coronavirus pandemic. The high street store’s creditors gave the company voluntary arrangement proposals the green light today, after the plan was launched on 27 November. Moss Bros has not announced whether the proposals could [...]
