Tesco buys Paperchase brand but over 800 jobs remain at risk January 31, 2023 Tesco has purchased the brand and intellectual property of Paperchase, the supermarket has confirmed, after the embattled stationary company collapsed into administration this morning. However, it has not acquired the chain’s 106 physical stores across the UK and Ireland, leaving 820 jobs at risk. The supermarket will now sell its products in its UK stores. [...]
Paperchase: Struggling stationery chain expected to appoint administrators today – reports January 31, 2023 Paperchase, the high street stationery retailer, is believed to be on the verge of appointing administrators. The chain store’s parent company is reportedly in the process of bringing in insolvency practitioners from Begbies Traynor, according to Sky News. Paperchase’s shareholders are still holding out for a buyer but rumours are they are looking for a [...]
Covent Garden owner Capco reports strong rental demand as West End gears up for its £3.5bn merger with Shaftesbury January 30, 2023 Trading conditions across the Covent Garden estate have been positive, in particular a successful Christmas trading period with like-for-like customer sales in aggregate exceeding pre-pandemic levels. Ian Hawksworth, chief executive of Covent Garden estate owner Capco, said: “There is continued momentum at Covent Garden with robust trading conditions, in particular a successful Christmas period,” said [...]
How a BBC Radio 1 DJ helped alcohol-free brand Lucky Saint open its first London pub January 30, 2023 Alcohol-free beer brand Lucky Saint is to open its first pub after securing £10m to supercharge its ambitious growth plans. The pub, which will also operate as the group’s headquarters, is due to open in Marylebone in March 2023. Luke Boase, founder of the business, said that for now the opening will be “the only [...]
On the Beach sees 68 per cent post-pandemic booking uptick ahead of AGM January 27, 2023 On the Beach said bookings had “materially increased” rising 68 per cent year-on-year during the financial year ending December. The holiday firm said its financial year had started with a “healthier overall forward book,” and that the value of holidays sold between October and December had exceeded the previous year’s levels. “It’s been pleasing to [...]
Superdry’s shares plunge 16.5 per cent as retailer downgrades guidance amid £17.7m of losses January 27, 2023 Superdry’s shares plunged 16.5 per cent this morning after the retailer downgraded its-full year guidance amid soaring losses. Instead of a profit of between £10m and £20m Superdry expects to break even, after losses soared to £17.7m in the first half of its 2023 financial year. This is a £21.7m decrease when compared to a [...]
Bestway Group ‘not considering’ bid for Sainsbury’s despite snapping up major stake in supermarket giant January 27, 2023 Bestway Group has expanded its investment empire to British supermarkets, snapping up a stake in Sainsbury's.
Nectar users in with a chance to win a year’s worth of shopping in 50 million points payday giveaway January 27, 2023 Nectar, the loyalty card scheme owned by Sainsbury’s, is giving away 50 million points to customers as part of a promotion launching this payday weekend. ‘The Big Points Bonanza’ is taking place every day from 27 January to 4 February and gives shoppers the chance to cash in on some bonus Nectar points, which can [...]
Sucralose inventor Tate & Lyle expects to beat inflationary pressures despite fall in demand for artificial sweetners January 26, 2023 Tate & Lyle has posted a robust third quarter update, propped up by its food and beverage solutions division.
Jet2: Winter sun seekers boost package holiday firm’s profit expectations to £385m January 26, 2023 Package holiday firm Jet2 has raised its profit expectations for the year ending March 2023 amid soaring winter bookings. The company, which has estimated its profits at £385m for the 12-month period, reported that sale of seats this summer is 6.6 per cent higher than last year at 15.2m, while forward books are dominated by [...]