Inverleith takes stake in Eden Mill St Andrews craft gin and Scotch whisky company to build UK’s first carbon-neutral distillery January 25, 2022 Edinburgh-based, specialist, consumer-brand investor Inverleith has secured a majority stake in the Eden Mill St Andrews craft gin and Scotch whisky company. The drinks firm is planning to build a new carbon-neutral, whisky distillery, the first in the UK. It plans to build a new whisky distillery in St Andrews, with founder and managing director, [...]
Brewdog boss accused of inappropriate behaviour by staff in BBC documentary January 24, 2022 Brewdog’s boss has been accused of behaving inappropriately with female staff and customers by former employees. In BBC’s Disclosure documentary, several members of the Brewdog’s US staff said they saw CEO and co-founder James Watt giving private, late-night tours of the US brewery to customers. Dylan Gray, a former manager at Brewdog Franklinton in Ohio, [...]
Gorillas goes global as delivery firm enters Frichti acquisition talks January 24, 2022 Instant delivery firm Gorillas announced it is entering acquisition talks with French delivery titan Frichti. Frichti is one of the first rapid delivery start-ups to have hit profitable operations after launching in 2015. If Gorillas were to acquire its French counter-part, Gorillas would be able to strengthen its foothold in France. It has already opened [...]
THG woes continue after Moulding’s mother rides to his defence January 24, 2022 Shares in embattled e-commerce group THG plummeted today after Citi Bank downgraded its profit guidance for the firm and it was revealed that boss Matt Moulding’s mother rounded on a journalist in defence of her son’s achievements.
Getir to create 6,000 more jobs as UK expansion gains pace January 24, 2022 Rapid grocery delivery firm Getir has announced plans to create 6,000 fresh jobs in the UK this year as it continues its national rollout. The start-up currently has 4,000 staff across the UK after expanding rapidly since it launched in London at the start of last year. Getir said its new recruits will be hired [...]
Morrisons denies that hunt has started for new CEO after private equity takeover January 24, 2022 Sources close to Morrisons have denied that the supermarket has started the hunt for a new chief executive in the wake of its £7bn takeover last year. The private equity firm behind the supermarket, Clayton, Dubilier & Rice (CD&R), was reported to have started looking for someone to replace David Potts. The Sunday Times newspaper [...]
Activist investor Trian takes stake in Unilever as pressure builds on Alan Jope January 23, 2022 Activist hedge fund Trian Partners has reportedly taken a stake in Unilever as investors continue to pile pressure on beleaguered boss Alan Jope.
Forbes 30 under 30 data shows London is the best city in the world to be a young entrepreneur January 23, 2022 Using the Forbes 30 Under 30 lists from Europe, North America, Russia, Asia and Africa, London has been named as the best city in the world to be a young entrepreneur. Despite North America being by far the most popular in providing Forbes Under 30 candidates, London is the most popular city for young entrepreneurs [...]
Brexit: Finland, Luxembourg, Portugal and Greece are exploiting Brexit as UK exporters are being ‘replaced’ January 23, 2022 Smaller EU countries are benefitting from Britain’s departure from the European Union. This is largely because they fill up the Brexit exporters’ spots. In fact, this situation could reduce the UK’s exports to the EU by -7.73 per cent by 2025, according to new analysis shared with City PM this week. The top three countries [...]
Nation of hungry entrepreneurs: Two in three UK employees plan to launch their own business January 22, 2022 A record two in three British employees plan to start their own business at some point in the future, a jump of more than 10 per cent compared to a year ago, according to new data shared with City PM this morning. In fact, one in ten Brits don’t want to wait and plan to [...]
