Temu: Chinese platform which encourages customers to ‘shop like a billionaire’ to rake in $40bn in Amazon challenge February 26, 2024 Temu, the ultra cheap Chinese retailer, is forecast to rack in $40bn (£31bn) in gross merchandise value (GMV), as it continues to spawn the western retail market.
Ocado shares tumble as retail partner Marks poised to hold back funds over poor performance February 26, 2024 Both Ocado and Marks and Spencer joined forces five years ago to create the digital grocery brand, in a £750m tie-up.
Gig economy: Law firm launches probe for Parcelforce drivers in latest workers’ rights row February 26, 2024 Law firm Leigh Day has launched an investigation on behalf of Parcelforce drivers to establish if they have been misclassified as self-employed independent contractors rather than workers. The probe was launched in order to consider if the drivers have a potential group claim on their hands as they could be missing out on holiday pay and the [...]
England Rugby World Cup winner Phil Vickery steps down from Raging Bull role February 26, 2024 England Rugby World Cup winner Phil Vickery has stepped down as a director of the Raging Bull clothing brand he founded.
Record sales for Flight Club Darts and Electric Shuffle as global expansion targeted February 26, 2024 Sales surged to record levels at the group behind Flight Club Darts and Electric Shuffle in 2023 as it prepares to open new venues in the UK, US and Australia.
Miniso: The New York-listed Chinese retailer looking to take London high streets by storm February 26, 2024 Shein was first - but it isn't the last Chinese operation coming for London
Ocado to unveil improved sales after eventful year February 24, 2024 After a colourful year online supermarket and automation business Ocado will later this week unveil its earnings for 2023.
Coca-Cola Europacific snaps up Philippines fizzy drink maker in $1.4bn deal February 23, 2024 Coca-Cola Europacific Partners (CCEP) has acquired the equivalent of the company in the Philippines in a deal valued at $1.8bn (£1.4bn).
UK consumer confidence falls in February as technical recession is a bummer for Brits February 23, 2024 UK consumer confidence fell two points in February as reports of a technical recession dampened hopes.
Anyone for Pimm’s? Diageo mulls sale of iconic British tipple February 22, 2024 Diageo, the FTSE 100 drinks giant, is reportedly mulling the sale of three non-core brands, including summer time favourite Pimm’s.