The HTL sector can rightly be proud of the genuine progress it has made to date. But now is not a time to get complacent. Diversity is a business-critical issue and should be treated as such with targets, monitoring and accountability driven by...
Panzer's today, after its major refit, is back to being an iconic brand and now boasts chefs and a fully functioning kitchen in the basement. With an excellent delivery service, customers can buy on credit or pay on a monthly basis. David Josephs' next...
Earlier this month, over 150 CEOs, Chairs and senior leaders from across the Hospitality, Travel & Leisure (HTL) sector gathered in PwC’s global headquarters at 1 Embankment Place to be presented with the findings from our 2019 Edition of the Women...
In my teens growing up in apartheid South Africa, everything was bound up in politics and the answer for me lay in going to work on the land on a socialist kibbutz, which I did. My biggest regret was not keeping my set of ‘kibbutz clothing’ that was...
Asian shoppers already play a critical role in the world economy. In the years to come, bolstered by the Belt and Road initiative and an East-East corridor, an increasingly large portion of consumer products will be sold to this influential Asian middle...
Regardless of whether you are a follower of the cult of Inbox Zero, Inbox Infinity or, as is most likely, somewhere in between, if you as a senior executive are to successfully navigate the torrent of communications landing in your inboxes, streams, feeds...
Last month, Amazon became the second company in history to achieve a market capitalisation of more than $1tn. It did so because it provides customers ease, choice and value. It’s the same recipe that worked for Walmart and it’s the same recipe...
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...
FAO Schwarz announced licensing agreements to expand product assortment The toy retailer will develop a home collection with Britannica and chocolates, gift sets and bespoke candy offerings with Galerie USA. FAO Schwarz will also launch jewellery, hair products and key chains with Uncas International Read more on Retail Dive
Compass buys catering business from French supermarket chain Casino The deal is speculated to be worth €25-30m. Last month Casino met its target of €1.5bn in asset sales. The deal with Compass is expected to have completed by the end of the first half of 2019. Read more on Reuters
China and North America to thank for growth at Nestlé After China and North America helped to accelerate growth, Nestlé's organic sales grew 3.0% in the full year. The maker of KitKat chocolate bars also saw net profit jump 42% to $10.02bn. Read more on Reuters
Puma reports strong quarterly sales Sales in its fourth quarter increased by 20% to €1.226bn, while operating profit reached €38m. Puma's growth has been attributed to its strong social media presence and successful collaborations with Selena Gomez, Rihanna and Jay Z. Read more on Retail Gazette
Prada forms diversity council Chaired by artist Theaster Gates and Oscar-nominated director Ava DuVernay, the diversity council will comprise of prominent academic and cultural experts. Read more on Retail Gazette
Canada Goose Q3 revenue beats market expectations Revenue came in at CA$399.3m compared to the expected CA$361.3m. The company's direct-to-consumer revenue also increased to CA$235.3m, up from CA$131.7m in the same quarter last year. Read more on CNBC
Amazon launches live streaming video shows The ecommerce giant's new Amazon Live service will be in direct competition with TV shopping channels. Hosts will provide viewers with demonstrations using products available for purchase on Amazon itself. Read more on Retail Gazette
Pay-as-you-go startup offers scooter subscription service Grover, based in Germany, will now offer its customers unlimited rides without needing to purchase an e-scooter. Last year, the consumer tech company raised €37m in a Series A round led by Circularity Capital LLP. Read more on TechCrunch
Private equity firm Endless secures ABL refinancing packages for portfolio companies In a practice that has become more common among private equity firms, Endless's luggage brand Antler raised £8m; its cake manufacturer Bright Blue Foods secured £40m from Wells Fargo, and the aerosol manufacturer James Briggs raised £8.5m. Read more on Real Deals
Patisserie Valerie secures backing from private equity firm Causeway Capital has struck with Patisserie Valerie that will keep the remaining 120 branches open. The private equity firm currently owns other cafes including BB Bakers & Baristas. Read more on City AM
Baker & Spice purchased by DoCASA After parting with Patisserie Valerie and Philpotts, Patisserie Holdings has sold the deli and bakery chain Baker & Spice for £2.5m. Read more on MCA Insight
Starbucks to launch all-day dining in China As the coffee chain continues to expand, the new service will launch with an all-day cafe in Shanghai complete with an Italian aperitivo experience. Last year Starbucks formed a delivery partnership with Alibaba to accelerate its market growth. Read more on Reuters
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