HelloFresh remains cautiously optimistic for year as it passes price hikes onto customers August 15, 2022 HelloFresh this morning said it was “cautiously optimistic” about the second half of the year as the company grapples with soaring prices. For the second quarter, the meal kit maker confirmed its previously-released figures, which showed that revenue for the three-month period rose to €1.96bn from €1.56bn. Hellofresh topped expectations, delivering 557.1m meals in the [...]
Joules names former Compare the Market CEO Jonathon Brown as new chief August 15, 2022 British lifestyle brand Joules has announced former Compare the Market chief Jonathon Brown as the group's new CEO.
Travelodge opens budget luxe London Docklands hotel as it eyes up hundreds of new sites in the city August 15, 2022 Travelodge has opened its first new-build budget luxe hotel in London Docklands, marking a vote of confidence in the capital as a tourist hub. The London Docklands Travelodge, which is located by East India DLR station, was officially opened by Travelodge chief Jo Boydell and UKHospitality chief Kate Nicholls. At the opening, the hotel giant [...]
Bourne Leisure founders on cusp of £300m Butlin’s buy back August 14, 2022 The family behind one of the UK’s biggest leisure empires is on the cusp of taking back control of Butlin's in a £300m-plus mega deal.
Kick Game calls in PwC as firm weighs up £150m sale August 14, 2022 Trainer reseller Kick Game has called in City big dog PwC to help advise the company on a potential £150m sale.
Zalando chief cuts marketing rather than jobs as the retailer battles inflationary pressures August 14, 2022 European fashion giant Zalando chief has said the company is turning to marketing cuts rather than job cuts as the sector grapples with a consumer spending slowdown.
Morrisons, Tesco and Sainsbury’s suspend sales of disposable barbecues amid heatwave August 12, 2022 Morrisons, Tesco and Sainsbury’s are among a slew of household names to halt sales of disposable barbecues owing to warm weather concerns. There have been warnings about potential fires due to high temperatures this summer, as large swathes of the country have been categorised as drought status. Morrisons said in a statement on Friday: “In [...]
Johnson & Johnson to discontinue talc-based baby powder August 12, 2022 Consumer health giant Johnson & Johnson will stop selling talc-based baby powder next year, after thousands of lawsuits. The company discontinued sales of the product in the US and Canada in 2020, after demand dropped in the wake of a slew of lawsuits. Some 38,000 lawsuits against the company have alleged that such products caused [...]
High street tycoon and Topshop creator Sir Ralph Halpern passes away at 83 August 12, 2022 Topshop founder and one of the creators of the high street as we know it, Sir Ralph Halpern, has passed away at the age of 83, it has been reported. Halpern was the chief executive of the menswear retailer Burton Group from the late 1970s to early 1990s. “Our father left an irreplaceable mark on [...]
‘No discernible sign’ of spending slowdown for betting titan Flutter amid cost of living crunch August 12, 2022 Gaming brands operator Flutter has said it has not yet seen any big shift in consumer spending, amid historically high levels of inflation. In interim results for the year, the FanDuel and Sportsbet said there had been “no discernible signs of a consumer slow down currently” as the second-half of the year progresses. The company [...]
