JYSK: Losses continue as stores close and jobs shed May 7, 2025 Losses continued at the UK arm of Danish homewares retailer JYSK as it closed stores and shed jobs during its latest financial year. The business, which forms part of the global group, has reported a pre-tax loss of £3.2m for the 12 months to 31 August, 2024. The total comes after JYSK also posted a [...]
Deliveroo reaches agreement on £2.9bn DoorDash takeover May 6, 2025 The board of Deliveroo has said it has “reached agreement” on the terms of a takeover offer by US rival DoorDash as it prepares to exit the London Stock Exchange. The offer of 180p per share represents a premium of 44 per cent on Deliveroo’s closing share price on the day prior to the acquisition, [...]
Harrods hit in cyber spree as experts warn of ‘coordinated campaign’ May 2, 2025 Harrods has become the latest high profile UK retailer targeted by cyber attackers, joining Marks & Spencer and Co-op Group in a spate of recent incidents that security experts fear may be part of a broader attack against the sector. Harrods has confirmed that it had experienced “attempted to gain unauthorised access” to its systems. [...]
Meet the best friends behind fast-growing Castore rival Montirex May 2, 2025 Montirex, a sportswear brand founded by two best friends, has predicted another huge jump in its sales and profit this year as it seeks to take on rival Castore. The Liverpool-headquartered business has revealed it is eyeing a turnover of around £130m for 2025, up from the £76.7m it achieved last year and £33.4m in [...]
Investors keep faith in M&S success story May 1, 2025 There’s no doubt that M&S is in the grip of a crisis, but investors appear to have faith that the current cyber nightmare won’t undermine the dream run enjoyed by this retailer in recent years. The business still stands out as a triumphant turnaround success story, with a share price that’s been on an upward [...]
Puma to move UK head office from London to Manchester May 1, 2025 Puma is to relocate its UK head office from London to Manchester after signing up to take space in a new £87m building. The global sportswear brand is to take 20,000 sq ft at 3 Circle Square in the city centre, which is due to open this summer. The head office will become home to [...]
M&S: Police investigate cyber attack as FTSE 100 shares stall April 30, 2025 The ongoing cyber attack on Marks & Spencer (M&S) is being investigated by the Metropolitan Police as the FTSE 100 retailer and its customers continue to face major disruption. Officers from the force’s cyber crime unit are looking into reports a hacking group known as Scattered Spider may have carried out the attack. When it [...]
The Co-op fights attempted hack as M&S cyber attack rages on April 30, 2025 The Co-op has been forced to shut off parts of its IT systems after it was confronted with an attempted hack. The Manchester-headquartered group has confirmed some of its back office and call centre services have been impacted. However, it added that all its stores, including grocery and funeral homes are trading as usual. A [...]
Truly: Losses continue at brand backed by Dragons’ Den star Peter Jones April 30, 2025 Losses have widened at Truly, the lifestyle brand launched by Dragons’ Den star Peter Jones which used to be backed by Holly Willoughby. The online business has been trading since the end of 2018 – led by Jones and wife Tara Capp – after TV presenter Willoughby stepped away a few months before. At the [...]
Gymshark puts 300 jobs at risk despite record sales April 30, 2025 Gymshark has put almost 300 jobs at risk despite reporting record sales for its latest financial year this week. The Solihull-headquartered company, which was co-founded by self-made billionaire Ben Francis, has entered into a consultation with 296 employees, almost a third of the total workforce. The news, first reported by Drapers, came on the same [...]