City Moves for 27 November – Who’s switching jobs at Revo, Ted Baker and Hertz? November 27, 2019 Today’s City Moves includes Revo, Ted Baker and Hertz Revo Revo, the organisation that represents the UK’s £360bn retail property and place making sector, has announced that it has appointed Vivienne King as its new chief executive officer (CEO). Vivienne brings more than 30 years of business, advisory and real estate industry experience and joins [...]
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, [...]
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. [...]
City Moves for 21 November – Who’s switching jobs at Gulf Keystone, Sonovate 23 Capital? November 21, 2019 Today’s City Moves includes Gulf Keystone, Sonovate 23 Capital Gulf Keystone Oil and gas exploration firm Gulf Keystone has announced the appointment of Ian Weatherdon as chief financial officer (CFO). Ian has over 25 years’ experience in the international oil and gas industry and joins from Sino Gas and Energy, where he was CFO. Prior [...]
Fashion logistics firm Clipper’s shares soar as it confirms takeover bid November 20, 2019 Fashion delivery player Clipper saw its shares soar in early trading after confirming a takeover approach from a private equity giant. Steve Parkin, who founded Clipper in 1992 before taking it public in 2014, is reportedly plotting a £300m offer for the firm alongside US private equity giant Sun Capital Partners. Read more: Clipper founder [...]
Founder of fashion delivery firm Clipper tables £300m takeover bid November 19, 2019 The founder of Clipper Logistics, which provides delivery services for online retailers such as Asos and John Lewis, is said to be preparing a £300m bid to take the company private. Read more: Asos to boost Black Friday offers after poor trading last year Steve Parkin, who founded Clipper in 1992, has approached fellow board [...]
Black Friday 2019: Everything you need to know to find the best bargains November 15, 2019 Black Friday only launched in the UK in the last five years and has quickly become one of the biggest annual shopping events, kicking off the key Christmas trading period. Savvy shoppers can snap up bargains as stores offer huge discounts in the run up to the festive season. Here is everything you need to [...]
Fimalac builds £500m digital ad firm with Jellyfish deal November 5, 2019 Fimalac, the group owned by French billionaire Marc Ladreit de Lacharrière, has bought a majority stake in London-based digital marketing agency Jellyfish as it seeks to compete in an increasingly online advertising landscape. Fimalac data-driven marketing specialist Tradelab will be merged with Jellyfish, the companies said, to create a combined entity with a market capitalisation [...]
Asos doubles down on Black Friday after profit dives 68 per cent October 16, 2019 Asos has vowed to boost its Black Friday discounting this year after a “disappointing” attempt in 2018 weakened the fashion retailer’s bid to attract new customers. The online marketplace offered a 20 per cent discount to consumers on the annual shopping event last year, however today the firm admitted its offer had been “uncompetitive” compared [...]
Asos profit falls by two-thirds as expansion costs push up debt October 16, 2019 Profit at Asos fell by 68 per cent in the year to August as the UK fashion giant took a hit from a major overhaul of its business model and costly international expansion. The online retailer blamed the drop on a costly operational expansion into Europe and the US which was fraught with problems including [...]