Trafford Centre: Profit slashed despite revenue nearing £100m at Manchester shopping icon July 24, 2024 The company behind Manchester's Trafford Centre has seen its profit more than halve despite its revenue soaring to almost £100m, according to newly-filed documents.
Profit cut at Mercury Prize and Official Charts owner despite BRIT Awards success July 24, 2024 The organisation behind the Mercury Prize and that co-owns the Official Charts Company saw its profit cut during 2023 despite the financial success of the BRIT Awards.
LVMH revenue slides as luxury retailer continues to combat uncertain market July 23, 2024 LVMH, the multibillion-pound owner of Dior and Louis Vuitton, has reported a drop in revenue in the first half of the year, joining other major fashion brands which are suffering from a slump in demand. Revenue for the luxury retail brand came in at €41.7bn (£35bn) for the first half of 2024, the firm said [...]
Fuller’s pub chain optimistic on easing inflation and urges business rates cut July 23, 2024 Fuller Smith & Turner has continued its strong recovery. The pub chain said sales at the London-listed company grew by 5.3 per cent for the first 16 weeks of the financial year, boosted by major events including the Euro football championships. At the beginning of June the company said like-for-like sales in the 52 weeks [...]
Renault’s UK sales pass £2bn but increased costs hit profit July 23, 2024 Sales at the UK arm of car manufacturer Renault accelerated past £2bn in 2023, it has been revealed, despite an industry-wide slowdown, according to newly-filed documents.
Carpetright: Rival Tapi rescues brand out of administration as 1,500 jobs lost July 23, 2024 Carpetright has been rescued out of administration but more than 1,500 jobs have been lost, it has been confirmed.
Irene Forte on success, sustainable skincare and scaling up July 23, 2024 Ambition A.M. meets Irene Forte, daughter of English hotelier Sir Rocco Forte and founder of Irene Forte Skincare to hear how she found her own recipe for entrepreneurial success. It is not hard to understand how growing up in the shadow of a successful parent can be overwhelming.That’s why Irene Forte, daughter of English hotelier [...]
Grocers vs bargain chains: Discount competition is heating up July 23, 2024 The discount sector is crowded and competitive: Aldi, Lidl, Poundland and B&M are only a few of the retailers vying for space. The market for discount goods has been growing over the last few years, but not every company has been a winner – only a few stores have managed to attract and keep customers. [...]
LVMH-backed L Catterton, the new owner of Bicester Village is one of the world’s biggest retail investors July 22, 2024 Silver Bidco, a newly-formed Jersey-based vehicle of L Catterton, has bought Hammerson's stake in Value Retail, the owner of Bicester Village.
Hammerson shares jump after firm sells £1.5bn stake in Bicester Village July 22, 2024 British shopping centre giant Hammerson has sold its interest in the company behind Bicester Village in a deal worth £1.5bn, according to a statement released today.