Tourists’ return boosts sales at Italian luxury fashion house Zegna August 21, 2024 Sales at the UK arm of Italian luxury fashion house Zegna jumped by almost a quarter in 2023 thanks to the return of tourists following the Covid-19 pandemic. The division has reported a turnover of £30.7m for the 12 months, up from the £24.8m it posted for 2022. Newly-filed accounts with Companies House also show [...]
Selfridges’ new chief faces an uphill battle August 13, 2024 Selfridges’ new CEO, André Maeder, has his work cut out for him. The company has managed to survive the gruelling pandemic years – largely by cutting jobs and moving online – a tough cost-of-living crisis and an acquisition in 2022. But seasoned retailer Maeder, who was officially announced two weeks ago and starts in November, [...]
Safestay: Hostel group continues European expansion with new Budapest property August 13, 2024 Hostel group Safestay has acquired a new property in Budapest as part of its continued expansion into mainland Europe. The London-listed company, which is headquartered in the city, said the five-storey site, located near the Danube River and Budapest’s shopping district, will allow it to add an additional 150 beds to its network, bringing its [...]
Loveholidays: How CEO Donat Rétif tripled profit by ‘democratising’ travel August 2, 2024 Donat Rétif has only been the CEO of Loveholidays since 2019, but under his leadership the vacation marketplace has experienced explosive growth across all major metrics, doubling its revenue, tripling its pre-tax profit and quadrupling its workforce.
Selfridges chief quits in surprise move for struggling retailer July 30, 2024 The chief executive of Selfridges has unexpectedly quit, having been in the job since the start of the pandemic. Andrew Keith, who joined in 2020, will leave the company that owns the famous flagship London store to pursue new ventures in Autumn this year. He has been operational as CEO for three-and-a-half years, having been [...]
Diriyah: An Innovative Smart City Reshaping The World Of Work July 21, 2024 Alfie Gibbs, Chief Business Development Officer at Diriyah Company, tells Inside Saudi why Diriyah will be a destination like no other for businesses seeking to thrive.
How did Burberry get stuck in the trenches? July 13, 2024 Burberry has struggled to compete with its luxuary peers over the past couple of years.
Mulberry makes surprise chief executive change amid luxury spending struggles July 9, 2024 The luxury brand has suffered this year as wealthy shoppers continued to slow their spending.
Four tests to prove if Labour really is The Party of Business July 3, 2024 Like almost everyone I know, I was pitched to the other day by Rachel Reeves. She can talk the talk, but is Labour the party of business?
Election 2024: Thousands of homes ‘lost’ to Airbnb, Labour’s City candidate warns July 2, 2024 Properties that could be “thousands of homes are lost to Airbnbs” in London, Labour’s candidate for the Cities of London and Westminster has warned.