Covid-19: London in Tier 2 restrictions – what are the new rules to follow? November 27, 2020 The covid-19 restrictions have been strengthened since before the lockdown, so what are the new rules for work, home and socialising now that London's in Tier 2
Troubled Moss Bros launches CVA proposal to tackle ‘perilous’ situation November 27, 2020 Struggling retailer Moss Bros has launched a Company Voluntary Arrangement (CVA) proposal to give it the best chance of emerging for the challenges brought on by the coronavirus. A CVA allows companies to settle debts by paying creditors over a fixed period, and it could see the closure of some of Moss Bros’ 125 UK [...]
Primark to reopen all stores in England with extended hours on 2 December November 27, 2020 Primark will reopen all of its stores in England when lockdown lifts next week, with extended opening hours to cope with higher demand ahead of the holiday season. The fast fashion giant has 153 stores in the country, 11 of which, including the White City store in west London, will open for 24 hours on [...]
Philip Green’s Arcadia ‘faces collapse’ in the coming days November 27, 2020 Sir Philip Green’s retail empire Arcadia, owner of Topshop, could appoint administrators early next week. Sky News reported the move could put 13,000 jobs at risk. The appointment of administrators could happen as early as Monday, although one source close to the story told Sky News the plan had not been finalised and could be [...]
First digital-only Black Friday set for bumper year as Covid-19 moves shoppers online November 27, 2020 England’s first ever digital-only Black Friday will not deter customers, with figures suggesting sales could be as much as 43 per cent higher than in 2019, with customers now familiar with the convenience of shopping online thanks to coronavirus. Figures from IMRG, the UK’s industry association for online retail, found this year’s Black Friday sales [...]
International expansion tips for small and medium sized businesses November 27, 2020 Expanding your small or medium sized business overseas? Some tips to help mitigate risk. Operating in more than one country offers more than just the obvious advantage of expansion and growth, it also: reduces dependence on your home market mitigates seasonal fluctuations or demand cycles hedges against economic instability in any one market Expanding globally also [...]
Amazon to give frontline staff $500m in bonuses amid safety concerns November 26, 2020 Amazon will give its frontline staff working over the holiday period combined bonuses worth $500m, the firm confirmed today. The bonus comes at the end of a year in which the e-commerce giant has come under intense scrutiny over working practices for employees amid the coronavirus pandemic. Sales at the tech firm have soared this [...]
Marks and Spencer to close on Boxing Day to give staff the day off November 26, 2020 Marks and Spencer has cancelled plans to open all of its stores on Boxing Day, choosing instead to allow staff to spend the day with friends and family. M&S had previously planned to open 200 stores on Boxing Day to take advantage of the Boxing Day sales, but in light of the recent relaxation on [...]
Snakes and Ladders: Who is moving jobs in the City this week? November 25, 2020 Snakes and Ladders provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. Firms are continuing to adapt to the challenges and opportunities presented by the pandemic as they vie to be in prime position to recover from the economic fallout of the crisis. This week, [...]
B&Q owner Kingfisher acquires trade services platform to roll out to UK stores November 25, 2020 B&Q owner Kingfisher has acquired home improvement services firm Needhelp for €10m, with plans to roll the platform out in the UK. The company said today that it has taken an 80 per cent stake in the company as it seeks to ramp up its mobile and digital services. Needhelp founder Guillaume de Kergariou will [...]