City Corporation agrees let for the world’s very first ‘MONOPOLY LIFESIZED’ attraction May 11, 2021 The City of London Corporation has today (11 May) announced it will be hosting the world’s first ‘MONOPOLY LIFESIZED’ attraction within its building at 213-215 Tottenham Court Road. Hasbro, Inc and Gamepath (a new division of international theatre producer Selladoor Worldwide) have released the initial details of the ‘MONOPOLY LIFESIZED’ experience – which is due to open in London on 14 August 2021. The [...]
Zumo launches virtual Visa debit card May 11, 2021 Zumo, the Edinburgh-based crypto wallet, has today announced the launch of its Zumo virtual card in partnership with Modulr.
Angling Direct reels in bumper results as pandemic fuels fishing frenzy May 11, 2021 Angling Direct today reported a sharp increase in revenue for the full year after Brits flocked to fishing during coronavirus lockdowns. The specialist fishing tackle and equipment retailer posted revenue of £67.6m in the year to the end of January, up more than 27 per cent on the previous 12 months. The Aim-listed firm also [...]
Joules expects to beat profit and sales forecasts after PM confirms further lockdown lifting May 11, 2021 Fashion retailer Joules this morning said it expects to beat profit and revenue forecasts for this year following the confirmation that coronavirus restrictions will ease further next week. The brand said revenue and profit before tax before exceptional items will come in higher than the current analyst consensus of £187m and £4.1m respectively. It said [...]
SoftBank subsidiary takes $2.33bn stake in The Hut Group May 10, 2021 SB Management, a wholly owned subsidiary of SoftBank Group, has partnered with The Hut Group, in a deal that will see it take a stake worth a total $2.33bn in the online retailer. The deal will see SBM will take a 19.9 per cent stake in THG’s Ingenuity business, a subsidiary business and tech [...]
Landlords vs retailers: What the New Look legal case means for future of CVAs May 10, 2021 New Look today defeated a legal challenge to its restructuring plan by a group of its landlords in a landmark case that experts say will clear the way for other retailers to use Company Voluntary Arrangements to combat the impact of the pandemic. The ruling is likely to deepen tensions between tenants and landlords, as [...]
Secondary fundraising by retailers nears £2bn as firms eye M&A opportunities May 10, 2021 Listed retail companies have raised nearly £2bn in the past year as they sought to strengthen their balance sheets amid the pandemic. Now, they are starting to eye M&A opportunities. In recent years, listed firms in the UK have relied less on the public markets with private equity firms often considered a more attractive option. [...]
New Look landlords lose legal battle against retailer’s restructuring plan May 10, 2021 New Look landlords have today lost their legal battle against the high street retailer’s restructuring plan. The High Court ruled against the group of landlords that had challenged New Look’s company voluntary arrangement. The retailer launched its second CVA within two years last September after its sales suffered during the coronavirus pandemic. New Look’s proposal [...]
Hotel Chocolat to return furlough money after Easter and Mother’s Day sales beat pre-Covid levels May 10, 2021 Hotel Chocolat has pledged to return furlough money to the government after sales soared despite the closure of the British chocolatier’s stores during lockdown. The firm said this morning that revenue for the eight weeks ended 25 April- which included Mother’s Day and Easter – was 19 per cent higher than the comparable period in [...]
BrewDog: Best in show May 10, 2021 BrewDog is reinventing what it means to be a modern British business. CFO Niall McCallum CA tells Laurence Eastham why purpose drives the Ellon-based beer maker’s success. This article first appeared in ICAS’ CA magazine. BrewDog is a great Scottish success story. The brewery and bar chain, founded in 2007 by James Watt and Martin [...]