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.
Brand Architekts: Skinny Tan owner inks new deals with Holland & Barrett and Boots July 22, 2024 Brand Architekts, the beauty specialist behind British brands including Skinny Tan and Super Facialist has signed new deals with big name retailers including Asda, Holland & Barrett and Boots to its distributor list, as it continues to battle "challenging" conditions.
Elite athletes transform communities – this Labour government must invest after Paris 2024 July 22, 2024 These are the people you don’t recall when you become an elite athlete. But publicly funding elite athletes, including those at Paris 2024, is good for us all.
Consumer confidence hit highest level in three years July 19, 2024 Consumer confidence has risen to its highest level in three years in a tentative sign that the economy is leaving the cost-of-living crisis behind, new data from Deloitte shows. In its latest quarterly Consumer Tracker survey, Deloitte found that sentiment grew by 6.8 per cent year on year, boosted by a significant improvement in sentiment [...]
Even as sales slump, Jonathan Akeroyd leaves Burberry a stronger brand July 18, 2024 As Akeroyd leaves the famous fashion brand, Steve Hatch unpacks the data asking: Is Burberry throwing the baby out with the bathwater?
King’s Speech: From no-fault evictions to having a pet, here’s what Labour’s Renters’ Reform Bill will do July 17, 2024 Labour’s Renters’ Reform Bill will introduce significant changes to rented housing in England and Wales, including on no-fault evictions and having a pet. Legislation will be introduced “to give greater rights and protections to people renting their homes”, including “ending no-fault evictions and reforming grounds for possession”, King Charles said. The bill started life under [...]
Revenue at B&M continues to rise as Brits seek out bargains July 16, 2024 B&M has reported another strong set of results for the first quarter, as the group has maintained its post-pandemic edge. Revenues at the bargain chain, which also owns Heron Foods, rose by 2.4 per cent to £1.3bn in the first quarter of the year. The group remained on track to open 45 gross new store [...]
Court of Appeal overturns VAT obligation to taxi fares in Uber case July 15, 2024 Court has overturned a landmark ruling that for all private hire journeys outside of London should be paying VAT, a ruling that will be seen as a win for the taxi industry
Carpetright: Retailers urged to make ‘bold decisions early’ to avoid same fate July 15, 2024 Businesses have been urged to make "bold decisions early and "avoid kicking problems down the road" in the wake of reports that Carpetright is on the brink of collapse.
Household demand ‘soft enough’ to cut interest rates, Bank of England’s Dhingra says July 15, 2024 Swati Dhingra, widely seen as the most dovish member of the Monetary Policy Committee (MPC), said that "demand is soft enough" to prevent any resurgence in inflation even though wage pressures remain strong.