Stuart Machin is a CEO in the detail. He has a reputation of being hands on, full of energy and close to the action, whether that be across the food business, in fashion or walking the stores with colleagues. He’s someone who will get on the phone...
The MBS Group is delighted to present the 2024 edition of the Women to Watch in Hospitality, Travel, Leisure and Retail Index, produced in partnership with WiHTL and Diversity in Retail. Now in its sixth year, the publication highlights more than 100...
The beauty sector may have reached peak saturation. Over the past few years, it has seemed like everyone – from online influencers to top-tier financiers – has staked their claim in the market, launching brands, incubating startups or making...
A subject I love talking about and debating is whether ‘retail theatre’ in supermarkets is still as relevant today as it was in days gone by. Since Covid, all of my repeat supermarket items have been bought on Ocado. It means that I can do my shopping...
Patrick Kane’s email signature reads: he/him/disabled. “This isn’t because I want more time to complete tasks, or because I need reasonable adjustments,” he says, “but because when I solve a client’s problem, I want them to know that a...
Patrick Kane’s email signature reads: he/him/disabled. “This isn’t because I want more time to complete tasks, or because I need reasonable adjustments,” he says, “but because when I solve a client’s problem, I want them to know that a...
On the 1st July 2019, Dorp opened its doors to the public in Cape Town. Since then, my annual visit ‘home’ to South Africa has brought me to this hotel/home from home, on the highest hill underneath Signal Hill and across from Table Mountain. The...
In whichever direction you look, the sports industry is transforming: fan habits are evolving, games are getting more diverse and sport media is being reimagined. The space is also becoming increasingly global, attracting billions of dollars in...
In the early 2000s, the UK saw two high-profile business failures. In 2001, the industrial giant Marconi broke records by generating an overall loss of £5bn, following a misguided strategy of acquisitions. Around the same time, insurance firm Equitable...
Lidl announces five-year investment into British pork The discount grocer has announced a £500m investment into its British pork supply chain, and has created a new pork producer group to drive industry collaboration. The plan is in partnership with Cranswick and Pilgrim’s Europe. Read more on The Grocer
Asda trials digital spirits screens in partnership with Diageo The supermarket is debuting digital touchscreens in 23 of its Express stores, which are designed to offer a larger choice of products without taking up more shelf space. The new system takes Asda Express' range of spirits on offer up to 50 products. Read more on The Grocer
Colgate-Palmolive announces strong set of Q1 results Colgate-Palmolive has upgraded its full-year guidance on the back of strong quarterly sales growth. The company saw a 1.3% increase in sales volumes, generating revenue of $5.07bn, up from a previously-estimated $4.96bn. Read more on Reuters
L Catterton takes majority stake in Kiko Milano The LVMH-owned private equity firm L Catterton has announced that it is acquiring a majority stake in Kiko Milano, the family-owned cosmetics brand. According to reports, the deal values the makeup company at around €1.4bn. Read more on Fashion Network
Adolfo Domínguez quadruples annual profit For the year to February 2024, the fashion business has recorded revenues of €126.7m, up 10.9% compared with the previous year and representing a strong boost from the International markets. Read more on Fashion Network
First-quarter sales at Columbia Sportswear decline 6% The Portland, Oregon based company has posted revenues of $770m in the first quarter, representing a dip of 6%. Columbia Sportswear has said that its results were weighed down by softer wholesale demand in the US and Canada. Read more on Fashion Network
Online giant Shein to float in London The ultra-fast fashion platform has announced that it will float its shares on the London Stock Exchange, after originally indicating its intention to IPO in New York. Shein is looking to pick up a valuation of at least £60bn. Read more on This Is Money
Microsoft beats Wall Street revenue estimates The technology giant has announced a 17% uptick in quarterly revenues to $61.9bn, ahead of the previously-forecasted $60.8bn. Microsoft has said that boost was driven by gains from its AI products. Read more on The Times
Hipgnosis Songs Fund agrees to $1.5bn takeover by Apollo-backed Concord Chorus The music company, which owns the rights to music by artists including Neil Young, Shakira and Red Hot Chili Peppers, has agreed to a $1.5bn takeover deal from Conchord Chorus. The agreement trumps the approach from Blackstone made on Monday. Read more on PE News
Blackstone to acquire restaurant brand Tropical Smoothie The private equity giant has announced that it has agreed to buy Tropical Smoothie Cafe, which operates 1,400 locations across 44 states in the US. According to reports, the deal is worth $2bn. Read more on Reuters
The Gym Group plots further expansion in the UK The Gym Group has announced plans for 50 new sites in the next three years, and has said that there is potential for up to 800 new locations. The gym operator currently runs around 240 gyms. Read more on Propel Hospitality
Boparan Restaurant Group to expand into Germany The owner of the Gourmet Burger Kitchen, Carluccio’s and Giraffe brands has inked a deal to expand its Slim Chickens restaurant concept into Germany. The link-up is with The Foodelity Group, and includes plans for 20 sites. Read more on Propel Hospitality
You’ll be able to unsubscribe at any time.
