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The Wolseley to launch first New York hotel as Minor expands selectively. Minor Hotels will open a 76-room Wolseley-branded hotel near Times Square early next year, anchored by its all-day brasserie. The parent plans at least five Wolseley sites globally over five to seven years, focusing on prime locations and measured growth.
On The Beach suspends profit guidance amid demand slowdown for key holiday destinations. Online travel firm On The Beach has paused profit guidance after a sharp drop in bookings to Turkey, Greece, Cyprus and Egypt. Quarterly travelled and departed volumes rose 34% earlier this year, but trading remains volatile.
Zalando posts double digit growth and flags AI to accelerate in 2026. Zalando reported 2025 gains with GMV up 14.7% to €17.6bn, revenue up 16.8% to €12.3bn, and adjusted EBIT up 15.6% to €591m. Active customers hit 62 million. It guides 2026 adjusted EBIT of €660m–740m and GMV growth of 12–17%, citing AI as a key driver.