EU referendum: Treasury Select Committee will review UK’s membership of the EU October 10, 2015 The influential Treasury Select Committee has launched an inquiry into the economic and financial costs and benefits of the United Kingdom's membership of the European Union. The inquiry comes as a response to the government's commitment to holding an In/Out referendum on the EU by the end of 2017. Read more: Former executive chairman of Marks and [...]
Marks and Spencers looking to sparkle with new lingerie and womenswear designer September 24, 2015 Marks and Spencers yesterday announced the appointment of its first director of design for womenswear, lingerie and beauty. The appointment of Queralt Ferrer, a former Inditex executive, is part of an attempt by Steve Rowe, the retailer’s new head of its non-food businesses, to revive the fortunes of M&S’ flagging women’s department. Ferrer will report [...]
Ex-Sainsbury’s boss Justin King takes on first big role since leaving September 7, 2015 The former chief executive of Sainsbury's, Justin King, is set to take on his first major role since leaving the supermarket last year. King, who is widely credited with reversing the fortunes of the supermarket chain, is due to become vice-chairman of private equity firm Terra Firma Capital Partners. "A source close to Terra Firma [...]
Lord Stuart Rose backs student property firm August 25, 2015 FORMER Marks & Spencer chairman Lord Stuart Rose has emerged as a surprise backer of Select Property Group, a developer and manager of student housing across the UK. Select said yesterday that Rose has invested a “multi-million pound” sum alongside Terry Green, the former boss of BHS and Debenhams. The privately owned group, which was [...]
Former Marks & Spencer boss Lord Stuart Rose backs Select Property Group August 24, 2015 There is a new new retail club in town and it’s called Select Property Group. Former Marks & Spencer chairman Lord Stuart Rose has emerged as a surprise backer in the privately-owned developer, which operates a swathe of student housing and is about to launch its first block of serviced flats in Manchester. He has [...]
Retail supplier Li & Fung hit by slow shopping August 21, 2015 SLOWING consumer demand in Europe and the US triggered a fall in retail supplier Li & Fung’s profits this half-year, the company said yesterday. The Hong Kong-based exporter, which supplies stores in the UK such as Primark and Marks and Spencer, said core operating profits fell by a fifth to $182m (£130m) from $227m for [...]
Marks & Spencer’s share price tumbles as womenswear boss Frances Russell leaves August 13, 2015 Marks & Spencer's share price has fallen by almost two per cent this morning on the news of yet another shake-up at the troubled high street chain that will see its womenswear boss Frances Russell step down. Russell, who has led the womenswear business for three years, will be replaced by M&S’s lingerie boss [...]
M&S shake-up sparks chaos at troubled chain August 13, 2015 THE KNIVES are out at Marks & Spencer after a shake-up at the troubled high street chain that has claimed womenswear boss Frances Russell as its victim. Russell, who has led the womenswear business for three years, has been replaced by M&S lingerie boss Jo Jenkins, who has been promoted to the expanded role of [...]
Jerky Group and Cruga form beef snacks empire August 4, 2015 THE JERKY Group has merged with biltong and meat snacks-maker Cruga to create the largest beef snack manufacturer in Europe with combined turnover of around £12m. Founded in 2000, The Jerky Group’s brands include Wild West Jerky, Hogbites pork crackling and BullOx Biltong. It also produces Dragon’s Den entrepreneur Joe Walters’ beef jerky brand Texas [...]
The Jerky Group and Cruga merge to create £24m beef snacks empire August 3, 2015 The Jerky Group has struck a deal to merge with biltong and meat snacks-maker Cruga to create the largest beef snack manufacturer in Europe with a combined turnover of around £12m. Founded in 2000, The Jerky Group’s brands include Wild West Jerky, Hogbites pork crackling and BullOx Biltong. It also produces Dragon’ Den entrepreneur Joe Walters’ [...]