Next boss: Not constructive to say UK is addicted to cheap overseas labour October 6, 2021 Next boss Lord Wolfson has hit back at the Prime Minister’s claims that businesses like his want the government to “fix every problem” by lifting immigration controls. Lord Wolfson, who supported Brexit, told CityAM last month he would urge the government to ease immigration in line with demand, to help fill roles in retail and [...]
Shoppers are already panic buying frozen turkeys as Christmas shortage looms October 6, 2021 As a shortage of turkeys is looming this Christmas, shoppers are already buying frozen turkeys in a bid to avoid any potential disruption to their Christmas dinner, the boss of Tesco has said. The supermarket giant said it was confident of good product availability for Christmas but there could still be “bumps in the road” [...]
Mothercare’s new passage to India October 6, 2021 Buggies to bibs retailer Mothercare is to enter the potentially lucrative Indian market where there are 110m toddlers. Mothercare has signed a franchise agreement with Shopper-Stop to open 40 stores in India over the next five years. The first outlet will open in April 2006. “The exciting thing about India is there are 110m kids [...]
Ocado invests £10m into self-driving tech startup Wayve October 6, 2021 Self-driving tech startup Wayve’s total funding raised has hit $60m following an investment from grocer Ocado. Ocado is investing £10m ($13.6m) in a partnership with Wayve that will develop autonomous grocery deliveries. An autonomous delivery trial will involve a number of Ocado delivery vans on busy London routes – with a human driver to oversee [...]
Adidas sells Reebok to Authentic Brands for €2.1bn October 6, 2021 Adidas is selling Reebok to Authentic Brands Group for €2.1bn (£1.8bn) as the German sports giant looks to double down on its core brand. The deal is a significant markdown on the €3.1bn Adidas paid for Reebok in 2006 — a move intended to help compete with rival Nike. The merger failed to pay off [...]
One in three Brits plans to stockpile food and drink this month for Christmas October 6, 2021 One third of consumers have already stockpiled food and drink items for Christmas, or are likely to before the end of the month. A survey from Lumina Intelligence found that more than half (56 per cent) of consumers were somewhat worried about media coverage of others stockpiling. 10 per cent said they were very worried. [...]
Watch as climate protestors take over a Louis Vuitton catwalk in Paris October 6, 2021 Protesters disrupted a Louis Vuitton fashion show in Paris last night by walking down the catwalk with a banner condemning the impact of excessive consumption on the environment. Watch the full report.
Cadbury launches vegan chocolate bar October 6, 2021 Cadbury owner Mondelēz International is launching a plant-based chocolate bar, Cadbury Plant Bar. The chocolate bar took two years to develop and is a vegan replica for the Cadbury Dairy Milk product, with almond paste instead of milk. The product will come in two flavours, smooth chocolate and smooth chocolate with salted caramel pieces. Louise [...]
Morrisons hiring for 3,000 Christmas roles October 6, 2021 Supermarket Morrisons is recruiting 3,000 Christmas jobs. It said it anticipated a busier Christmas with families and friends finally able to meet up free of Covid restrictions. Roles range from warehouse and production staff to pickers and packers with full training provided and no prior experience necessary. The supermarket said 16-24 year olds receiving Universal [...]
Travel giant Tui plans £936m cash call to cut debts as bookings pick up October 6, 2021 Travel giant Tui said this morning it is planning a £936m cash call to cut debts as it said bookings were bouncing back thanks to the relaxation of travel restrictions. The group said the fundraising will help boost its balance sheet and allow it to repay emergency Government loans. In an update alongside the cash raise, Tui [...]
