The House of Lords lauds diversity with a new power list of the top 100 business leaders from ethnic minority backgrounds April 27, 2016 If there's one thing the City is in dire need of, it's diversity. That's why a Westminster peers have grouped together to bring us a power list of the top 100 business leaders from ethnic minority groups. The top 100 most influential BAME (black, asian and minority ethnic) people in business were lauded in the house of [...]
Former Marks & Spencer boss Marc Bolland tipped to take up director role at British Airways owner IAG April 25, 2016 Marks & Spencer's former chief executive Marc Bolland is tipped to be named as a non-executive director of International Airlines Group (IAG), the owner of British Airways. An announcement about his appointment could be made as soon as this Friday, Sky News has reported, when IAG unveils its first-quarter results, according to headhunting industry sources. It [...]
BHS is in administration: Here’s what analysts say was to blame (and what the future holds) April 25, 2016 BHS is in administration having notched up £1.3bn in debt, it has been confirmed this afternoon. Duff & Phelps has been appointed to handle the iconic retailer's administration, with managing directors Phil Duffy and Benjamin Wiles sounding confident about finding a new buyer. City A.M. understands more than 30 enquiries have already been made, and now [...]
City Moves for 25 March 2016 | Who’s switching jobs April 25, 2016 FARMDROP Former Marks & Spencer head of logistics, Philip Eaves has joined online marketplace, Farmdrop as its first director of supply chain. The appointment coincides with a major product upgrade as the online marketplace launches one-hour slot, seven-day deliveries via its fleet of zero emission electric vans and Farmdroppers. Philip previously headed up logistical development [...]
Who went to Britain Stronger In Europe’s exclusive (and secretive) Knightsbridge fundraiser? April 20, 2016 Financial big guns flocked to a lavish dinner tonight to raise funds for the coiffers of campaigners who are fighting to keep Britain in the European Union. Lord Peter Mandelson, alongside Britain Stronger In Europe chairman and former Marks & Spencer exec Stuart Rose were among a number of notable attendees to join the event at an exclusive Knightsbridge hotel, City A.M. [...]
New M&S boss Steve Rowe reshuffles womenswear team “to reflect way customers shop” April 20, 2016 Marks & Spencer's new chief executive Steve Rowe has reshuffled the retailer's womenswear teams after pledging to revive the fortunes of the troubled clothing division. The company confirmed it has made some alterations to the way the teams are set up across design, buying and merchandising, resulting in changes to around 200 people's roles. The change means that whereas before a [...]
Health retailer The Hut hails landmark year as earnings soar following a rise in overseas expansion April 19, 2016 Online health and beauty retailer The Hut Group, whose company tagline is "Attention to retail", has posted a rise in underlying earnings of 33 per cent to £30m in 2015. International sales soared to £167m, up 46 per cent after growing its international business and now accounts for more than 50 per cent of the groups sales. The group, backed by ex-Marks [...]
As Buckingham Palace prepares for Queen Elizabeth’s 90th Birthday, here are some of the worst tributes on offer April 18, 2016 Queen Elizabeth II celebrates her 90th birthday this year, and the whole corporate world is clamouring to celebrate it with her. As the nation gears up to wish her maj a happy birthday, UK retailers are also cashing in on the moment in history. Affordable Accessories Affordable jeweller Signet is patriotically promoting products at its Ernest & [...]
Alexa Chung for Marks & Spencer has dropped – but what’s the verdict? April 14, 2016 Marks & Spencer's latest attempt to win over the fashionistas (and presumably also the people that actually shop in M&S) landed in shops yesterday. The retailer needs all the help it can get to boost its bottom line – but will this be the collection to swing it? Here's our verdict… What is it? Archive by Alexa [...]
House of Fraser posts first profit in a decade April 13, 2016 House of Fraser has posted a return to profit for the first time since 2006, as the venerable department store business goes from strength to strength under its Chinese parent. The figures Sales were up 4.2 per cent to £1.3bn for the year to 30 January, with online sales up 26.8 per cent. They now account [...]