Richard Caring kicks off £1bn Ivy restaurant group auction January 28, 2024 Billionaire restaurateur Richard Caring has launched an auction starting at £1bn for his share in The Ivy and its sister restaurants.
John Lewis plans to cut 11,000 jobs after halving redundancy pay January 28, 2024 John Lewis Partnership is reportedly planning to axe 11,000 jobs over the next five years after slashing its redundancy pay for employees.
The House of Boohoo: Impact of PrettyLittleThing and others on fast-fashion giant’s mounting losses revealed January 27, 2024 Boohoo is never far from the headlines - but the firm's endgame isn't quite as easy to find
UK and Canada suspend Brexit trade negations in row over beef and cheese January 26, 2024 The agreement collapsed after Canada had been urging Britain to row back a ban on hormone-treated beef, which had been a thorn in the side of negotiators. The result would be less favourable terms of trade for UK farmers.
Knightsbridge and Chelsea hail bumper Christmas thanks to swanky shoppers splashing cash January 26, 2024 Swanky shops and restaurants around Knightsbridge and Chelsea enjoyed a bumper Christmas, helped by affluent customers splashed the cash on London’s Kings Road.
Silver-haired specialist Saga scope out sale of stake in cruise business January 26, 2024 Over 50s specialist Saga is mulling the sale of its cruise and operation to “optimise” the division as it struggles under a hefty pile of debt.
John Lewis points to job cuts as it lowers redundancy pay for staff January 26, 2024 John Lewis Partnership could be on track to make further job cuts after it slashed redundancy payout for its staff. Workers were reportedly told this week the redundancy pay would be lowered to one week’s pay per year on service, as its current two week policy was higher than what is typically offered. In a [...]
WH Smith continues to ride planes and trains to growth with captive audience strategy January 26, 2024 WH Smith said it was “confident” of another year of significant growth, as it continues to benefit from a resilient demand for travel.
Wickes bosses shrug off falling ‘don’t do it yourself’ sales January 26, 2024 Bosses at Wickes hailed a “robust” year for home improvement retailer Wickes despite slippage in its ‘do it for me’ offering through the last six months of the year. Total like-for-like core sales for the DIY and garden centre firm were up 0.1 per cent, with an uptick of 1.2 per cent in the fourth [...]
Superdry: Losses widen, CFO quits and boss admits a ‘difficult’ period January 26, 2024 Embattled retailer Superdry posted further losses in its half year update, blaming a challenging retail market and underperformance of its wholesale segment.