Lego builds on sales surge as profits hit £750m September 28, 2022 The Lego group revealed a 17 per cent surge in revenues in the first six months of the year as it beat expectations with net profit of DKK 6.2bn (£750m).
Everyman loved by every man: Cinema posts ‘progress on all fronts’ as losses narrow September 28, 2022 Cinema group Everyman said it had seen “progress on all fronts” this morning after it shrank its pandemic losses and notched a jump in revenues to £40.7m in the six months to June.
Burberry creative chief Tisci steps down as Brit Daniel Lee takes over September 28, 2022 The creative brain behind iconic British fashion brand Burberry is set to step down from his role at the end of this month after five years at the helm, the firm announced today.
Exclusive: City insider urges retail not to make knee-jerk cuts in ad budgets September 27, 2022 Recent figures show retail is feeling the effects of the cost of living crisis. Latest figures from the Office for National Statistics show a 0.5 per cent drop in spending last month, with a 1.6 per cent decrease in food sales. As a result, many businesses are under so much pressure they have no choice but to [...]
Gymshark names former Asos chief Mat Dunn as new CFO September 27, 2022 Gymshark has announced former Asos interim chief Mat Dunn as its new chief financial officer, as the e-commerce sportswear retailer gears up to open its first physical store. Dunn, whose departure was announced from the fast fashion brand a month ago, will join Gymshark in early 2023. His CV boasts a four year stint as [...]
Domino’s appoints former Burger King executive as interim chief September 27, 2022 Domino’s has announced today that Elias Diaz Sese will take over as interim chief of the firm in October as it hunts for a permanent replacement for outgoing boss Dominic Paul.
JD Sports will not appeal £1.5m fine from CMA for price fixing Rangers FC shirts September 27, 2022 JD Sports Fashion (JD Sports) has confirmed the company will not be appealing the fine it has been hit with for fixing prices of Rangers shirts.
Oxford Street to slash ‘opening hours’ for Christmas lights amid energy crisis September 27, 2022 Oxford Street will lower its energy usage by two-thirds this Christmas as it lights up for the festive season. Amid the ongoing energy crisis, London’s famous light display is brightening the street with energy-efficient LED bulbs and reducing its operating hours this year. The switch on, taking place on 2 November, will illuminate the sky [...]
Chapel Down on track to double in size after heatwave allows August harvest September 26, 2022 Plans to double the size of Chapel Down have “started strongly” after a hot summer has allowed the English wine maker to begin harvesting in August for the first time. The London-listed firm described its 2022 harvest as looking “very positive”, crediting the heatwave that swept the country this summer. “We expect 2022 to combine [...]
Matalan recruits ex-New Look boss as sale of fashion chain launched September 26, 2022 Matalan has brought in a former New Look chief as it announces the start of a strategic sales process. Nigel Oddy will join the fashion retailer as interim CEO from the start of next month, after leaving the high street chain in June. Oddy will help to deliver a growth strategy and reposition the brand [...]