One of the great pleasures of my role as Director of Hospitality, Travel and Leisure at The MBS Group is witnessing up and coming talent progressing through the industry. It is a perk of the job to see individuals taking inspiration from others, rising...
One of the great pleasures of my role as Director of Hospitality, Travel and Leisure at The MBS Group is witnessing up and coming talent progressing through the industry. It is a perk of the job to see individuals taking inspiration from others, rising...
Given the positive impact that Western executives have had in Asian tech companies, and the technological achievements in that region, we believe that Western tech has much to learn from its Eastern counterpart and should increasingly recruit executive...
One of the most satisfying aspects of what I do is making connections. Last year, I met Erez Galonska, co-founder & CEO, Infarm, a vertical/urban farming company based out of Berlin. Infarm and M&S are partnering to sell fresh produce grown...
The UK’s restaurant sector is undergoing a transformation and despite the sharp decline in middle-market venues, diners are still enjoying affordable meals out. As high street chains shut down at a rapid rate, customers are gravitating to newly emerging...
Plenty of luxury shoppers have embraced the digital lifestyle, causing retailers to adapt their products by enhancing digital experiences. However, there is still resistance in certain segments – one of those is luxury...
It’s been nearly 50 years since Atari’s Pong became the first commercial game to gain mass market attention. Since then, gaming has moved out of arcades, into the bedrooms of teenage boys and back out on to the streets at an extraordinary pace. The...
The MBS Group has been championing diversity in our sectors for over thirty years, so we were delighted to be asked to join forces with the WiH2020 initiative and PwC on the latest report on diversity in the Hospitality, Travel & Leisure (HTL)...
As the global news cycles of recent weeks starkly demonstrate, we are on the precipice of the global data revolution. Companies, organisations, governments, regulators and individuals are starting to understand the value, power and potential of the data...
Sales hit £4.9m for Gear4Music The musical instruments retailer is continuing to trade in line with expectations, reporting a 16% increase in sales to $49.4m in the six months to 30 September. Read more on Retail Gazette
FAO Schwarz chooses Selfridges for first European retail presence The US toy shop has opened its first European pop-up in Selfridges' flagship London store. The 157-year-old brand has occupied a 22,000 sq ft space in the Oxford Street store to sell more than 2,000 product lines in time for Christmas. Read more on Retail Gazette
Olam International acquires almond processor for $54m Global food and agri-business Olam is to buy US company Hughson Nut, in a move to extend its existing portfolio and meet growing demand. Olam is one of the world's larges suppliers of products such as coffee, cocoa and nuts. Read more on FoodBev
Strong first quarter results for P&G The owner of the Fairy and Pampers brands announced sales of $17.8bn in the three months to September, up 7% from the previous quarter. On the back of the positive performance, P&G has upped its annual forecasts. Read more on The Grocer
Sketchers reports surge in international sales The California-based trainers brand has posted positive third quarter results, with particularly strong growth seen in its international business. For the quarter to 30 September, total sales rose 15.1% to $1.35bn, while international sales rose 21.9%. Read more on Fashion Network
Burberry moves into gaming The high-end fashion house has unveiled B Bounce, a game in which players control a small deer dressed in one of Burberry's latest puffer jackets. Available to play on mobile, players have the chance to win a real puffer jacket, worth over £1,000. Read more on Charged Retail
Amazon Counter expands across US Amazon's in-store delivery collection system will expand across the US, thanks to partnerships with chains such as GNC, Health Mart and Stage Stores. The move will help Amazon reach thousands more customers. Read more on TechCrunch
Snapchat smashes Q3 earnings The social media app has posted quarterly revenue of $446m, up 50% year-over-year, and reported hitting 210 million daily active users, up 13% year-over-year. Read more on TechCrunch
New wellness brand Beam secures $5m An emerging US-based brand offering CBD products has raised $5m in funding, led by private equity firm Obvious Ventures. Read more on PEHub
Cosmetic Solutions acquired by Lee Equity New York-based private equity firm Lee Equity has added Cosmetic Partners to its portfolio, for an undisclosed amount. Cosmetic Solutions provides custom skincare formulations and manufacturing for brands and skincare professionals. Read more on PE Hub
Chipotle shifts property strategy to drive-thrus The US chain has reported a LFL sales increase of 11% in its third quarter, with total sales up 14.6% to $1.4bn. Based on the early success of its drive-thru concept, the company is seeking to open more sites to accommodate 'Chipotlanes' in the next year. Read more on Propel Hospitality
McDonald’s posts global results In its third-quarter results, McDonald’s reported US LFL sales increased 4.8%, while LFL sales for the “international operated” segment, which includes the UK, were up 5.6%. Deliveries accounted for 10% of all McDonald's UK business. Read more on The Times
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