Fashion retailers Boohoo and ASOS suspend sales to Russia in solidarity with Ukraine as M&S suspends shipments March 3, 2022 Fast fashion retailer Boohoo has become the latest firm to announce it has suspended sales of clothes to Russia. The Manchester-based e-commerce business joins brands such as Asos and Next, as well as designer names such as Burberry, in making a stand. In a update published on the London Stock Exchange, Boohoo said it was [...]
AIM dominates European growth markets contributing half of 2021 funding February 21, 2022 The UK's Alternative Investments Marketplace (AIM) dominated junior European markets in 2021, accounting for half of all fundraising.
Boohoo partners with Paris Hilton to conquer metaverse February 18, 2022 Global fashion retailer boohoo is teaming up with Paris Hilton, to launch a marketing campaign in the metaverse.
Boohoo images banned by advertising watchdog for ‘objectifying women’ February 16, 2022 Fashion retailer Boohoo has had an advert banned for being likely to cause serious or widespread offence or harm by objectifying women. A complaint was submitted to the The Advertising Standards Authority (ASA), claiming that the model’s poses objectified and sexualised women. The complaint said the ad was offensive, harmful and irresponsible. Boohoo said the [...]
New data reveals the top 10 dealmakers of 2021 February 6, 2022 New data, shared with City A.M. has revealed the UK’s top dealmakers of 2021. The figures come on the back of a record year for mergers & acquisitions, which saw the completion of more than $5 trillion worth of deals. JP Morgan’s James Robinson ranked as the UK’s top investment banker, after topping MergerLink’s charts [...]
Activewear brand TALA raises £4.2m as it woos shoppers fed up with fast fashion February 2, 2022 Gen Z-orientated sustainable activewear brand TALA has raised £4.2m in funding with Active Partners and Venrex. Founded by social media influencer Grave Beverley, TALA aims to offer consciousness gym goers an affordable alternative to fast fashion rivals. Participants in the oversubscribed round included venture capital trust Pembroke VCT, as well as angel investors including Deciem [...]
Cineworld, Hammerson and Boohoo: The top 10 most shorted UK stocks and fund managers with the most positions January 29, 2022 Cineworld Group, the world’s second-largest cinema chain, is currently the most shorted UK listed company, according to new research shared exclusively with City A.M. this morning. Some 8.8 per cent of its stock was held short by six investment firms, with New Holland Capital the largest short position with 2.42 per cent of the company’s [...]
Boohoo opens first owned factory in ‘new chapter’ amid international market challenges January 26, 2022 As Boohoo opens its first owned factory in Leicester, the company will be hoping to take a positive step forward after a miserable two years. The fast fashion retailer said its new 32,000 sq ft factory in Thurmaston Lane, Leicester, was “proof of its commitment to the city of Leicester and ethical British manufacturing.” The [...]
AIM’s market cap hits £150bn amid IPO boom January 24, 2022 London's Alternatives Investment Marketplace (AIM) grew by 33 companies in 2021, its biggest increase since 2007.
Best of 2021: The unstoppable rise of NFTs December 27, 2021 You could scarcely of made it through 2021 without hearing about NFTs, otherwise known as non-fungible tokens.