Skinny Prosecco could be coming to a supermarket near you in 2017 October 4, 2016 Those who love both prosecco and their waistlines will have something to raise a glass to today as a diet version of the UK's favourite bubbly could be about to go mainstream. British luxury drinks group Thomson & Scott launched its low-calorie, low-sugar Skinny Prosecco in April in a number of high-end stores including Selfridges (where it [...]
Greggs issues healthy trading update as customers opt for salads over sausage rolls October 4, 2016 Greggs said today that its healthier options had helped boost sales over the summer, as customers shunned sandwiches and pastries in favour of salads. Sales were up 2.8 per cent like-for-like in the 13 weeks to 1 October, in line with the group's expectations. The rate of growth has dipped from the 4.9 per cent [...]
It’s all coming up roses as Baring Asia buys Cath Kidston October 3, 2016 Cath Kidston, the brand which put such English country staples as cabbage roses and polka dots in kitchens across the UK, is about to take on a decidedly Asian flavour, after Baring Asia took a controlling stake. Reports suggested Baring has bought a stake owned by US private equity firm TA Associates, giving it a majority shareholding. [...]
Tesco faces legal action from shareholders over accounting scandal October 3, 2016 Tesco faces fresh legal action over its accounting scandal in 2014. A group of investors are bringing a £150m lawsuit against the retailer, saying they have suffered financially due to the £328m black hole that was discovered in Tesco's accounts two years ago. After it emerged that Tesco had overstated its profits, its share price plunged [...]
Liberty owner teams up with Jack Wills founder to buyout fashion chain October 2, 2016 The owner of the Liberty department store in London has joined forces with the founder of Jack Wills as part of a multi-million pound buyout of the clothing empire. The fashion chain's joint shareholders are now the private equity firm which owns Liberty, BlueGem Capital Partners, alongside Jack Wills' founder and chief executive, Peter Williams. Read more: Liberty [...]
Sainsbury’s hires former Boots boss as retail and operations director September 30, 2016 Supermarket Sainsbury's has hired a veteran of the UK retail sector as its new retail and operations director. The company has appointed former Boots managing director Simon Roberts to the role. Roberts was most recently executive vice president of pharmaceutical retailer Walgreens Boots Alliance and president of Boots in the UK & Ireland. Prior to that, [...]
Brighton Pier waves losses goodbye as former Pizza Express chairman right-sizes operations September 30, 2016 Brighton Pier is back in the black and said that students had played a pivotal role in its return to profitability. The company revealed that it had sold 664,000 drinks under a "Loyalty Card" system during the last student year. This meant that on the assumption that every student moseyed down to the seaside for a pint, each one had consumed an [...]
Premier Foods’ chairman David Beever is stepping down September 30, 2016 The chairman of the company behind such classics as Angel Delight and Mr Kipling has announced plans to step down. Premier Foods said this morning David Beever plans to step down as chairman of the company next year, in order to reduce his work commitments. The board said it will now begin the search for a replacement. [...]
Imperial Brands “on track” but cigarette packaging changes and end of Philip Morris International distribution agreement take their toll September 29, 2016 Big Four tobacco group Imperial Brands is on track to meet its full-year expectations but has taken a hit from new packaging regulations and the termination of a distribution agreement with Philip Morris. The Winston and Gauloises maker is set to make £7.16bn in total tobacco revenue and total group adjusted profit of £3.51bn. This will [...]
Here’s how much more dough Paul Hollywood has than Mary Berry September 29, 2016 Paul Hollywood created quite a fuss last week when it emerged he would be judging the Channel 4 version of Bake Off. Mary Berry quit the show after it was announced Channel 4 would be taking Bake Off from the BBC. She said her decision was out of "loyalty" to the BBC. Much-loved hosts Mel and [...]
