Ray Kelvin returns to Ted Baker after ‘forced hugging’ scandal September 2, 2020 Ray Kelvin has returned to Ted Baker roughly 18 months after a “forced hugging” scandal caused the fashion guru to step down from the company he founded. In a surprise announcement issued last night Ted Baker said it had signed a “relationship agreement” with Kelvin and had nominated a non-executive director to represent him on [...]
Domino’s appoints permanent finance chief as boardroom shake-up goes on September 2, 2020 Neil Smith has been made the permanent finance chief of takeaway chain Domino’s as the pizza house bolstered its board with a number of new appointments. Smith, who has served as the interim chief financial officer since joining in April, replaces David Bauernfeind, who died in a snorkelling accident last year. Prior to joining the [...]
Spending in UK restaurants jumped 34 per cent on Eat Out to Help Out days September 2, 2020 Spending in UK restaurants and fast food outlets was up 34.2 per cent on Mondays, Tuesdays and Wednesdays in August, compared to the same days in July during the government Eat Out to Help Out scheme. Wednesdays experienced the biggest increase during Eat Out to Help Out, as spending grew 39.7 per cent month-on-month, according [...]
Unilever to remove all fossil fuels from cleaning products by 2030 September 2, 2020 Consumer goods giant Unilever has today announced that it will remove all fossil fuels from its cleaning products by 2030 as part of a €1bn global investment programme. The Anglo-Dutch firm, which has seen demand for its products jump in recent months due to heightened health concerns brought on by the coronavirus pandemic, said it [...]
The Gym Group swings to loss following coronavirus closures September 2, 2020 The Gym Group today posted a hefty loss for the first half of the year after the budget gym chain was forced to close all its branches due to the coronavirus outbreak. The figures The Gym Group posted revenue of £37.3m for the first six months of the year, down almost 50 per cent on [...]
Prices fall as retailers ramp up discounting to entice shoppers September 2, 2020 Shop prices fell in August as retailers continued to offer discounts in a bid to entice shoppers back onto high streets. Prices fell 1.6 per cent last month, compared to a drop of 1.3 per cent in July, driven by a decline in non-food prices which were down 3.4 per cent. Retailers have slashed prices [...]
Central London dry cleaning firms struggle as workers stay at home September 1, 2020 London’s dry cleaning firms could be the next casualty of the coronavirus crisis as workers continue to stay away from city centres, the industry has warned. A sustained drop in the number of office workers and tourists visiting central London could put many dry cleaning businesses at risk of closure. The government has launched a [...]
Debenhams sets bidding deadline for potential buyers September 1, 2020 Struggling department store chain Debenhams has set a deadline for potential buyers to make offers for the company today as it seeks to avoid further closures and job losses. Investment bank Lazard, which is overseeing the sales process, has set a deadline of 5pm this afternoon, Sky News reported. Debenhams recently entered administration for the [...]
Retail footfall jumps as consumers get their fill of Eat Out to Help Out scheme September 1, 2020 Footfall across the UK’s retail destinations rose six per cent last week as consumers rushed to take advantage of the last full week of the Eat Out to Help Out initiative. According to retail analysts Springboard, footfall increased across all three types of shopping destination, giving the sector its best week since the end of [...]
Sweet treats: Cake Box to repay furlough money after rise in sales September 1, 2020 Cake Box today said it will repay the money it received under the government’s coronavirus furlough scheme and pay a special dividend after posting a sharp rise in sales in the last three months. The cream cake specialist said it would hand back £156,000 it had secured and would make no further claims under the [...]
