In the last twenty years, the travel industry has undergone significant transformation. The holidays we take are changing – bespoke experiences replacing packaged tours – and the way we book them has changed, too. When once Lunn Poly dominated the...
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...
I have just returned from visiting our clients in Australia and New Zealand. The New Zealanders were still reeling from their loss against England in the Rugby semi-finals – so it was very easy to move the conversation swiftly on to retail, brands and...
In the last twenty years, the travel industry has undergone significant transformation. The holidays we take are changing – bespoke experiences replacing packaged tours – and the way we book them has changed, too. When once Lunn Poly dominated the...
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...
I have just returned from visiting our clients in Australia and New Zealand. The New Zealanders were still reeling from their loss against England in the Rugby semi-finals – so it was very easy to move the conversation swiftly on to retail, brands and...
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...
Kitwave Wholesale Group acquires Alpine Fine Foods Kitwave is continuing its development strategy with the purchase of food service operator Alpine Fine Foods. In the group's second acquisition of the year, Kitwave has bought the supplier of ambient, frozen and fresh products for an undisclosed sum. Read more on The Grocer
JC Penney cuts losses in third quarter The American department store has reported improved losses from $150m last year to $93m this year. However, sales at the retailer dropped by 10% to $2.38bn in the period. Read more on Fashion United
Pernod Ricard and Wuliangye enter strategic partnership The alcohol companies have signed a memorandum of understanding which signifies an agreement to collaborate in new markets in Southeast Asia. Read more on FoodBev
Campari Group begins negotiations to acquire its French distributor The Italian beverage company is in talks with its current French distributor, Baron Philippe de Rothschild France Distribution. Campari Group currently has its own distribution networks in 20 countries worldwide. Read more on FoodBev
Italian label Missoni plans stock exchange listing within the next three years The announcement,made by the brand's president Angela Missoni, did not detail on which stock exchange the group intends to be listed. Missoni's annual turnover was €150m in 2018. Read more on Fashion Network
Morellato buys French jewellery retailer for €50 million Morellato, a European leader in jewelley and watch production, has announced the acquisition of popular French chain Cleor. Cleor will join Italian etailer Kronoshop and French wholesaler Mister Watch in Morellato's portfolio. Read more on Fashion Network
China’s JD.com posts sales hike The Chinese ecommerce site has reported net revenues of 134.8 billion Chinese yuan ($18.9bn) for its third quarter, indicating a 28.9% increase from the same period last year. Read more on Fashion United
Online-only beauty business Huda picks London for debut pop-up The Dubai-based online beauty company has chosen Covent Garden for its first-ever pop up concessions stand. The brand, worth $1.2bn, will be in Covent Garden from 29 November until Boxing Day. Read more on Retail Gazette
Azzuri posts strong set of results The Bridgepoint-backed owner of ASK Italian, Zizzi and Coco di Mama has seen full-year LFL sales growth across its entire business. The group has reported a 7% sales increase to £299.4m, driven by new openings in the UK, Ireland and China. Read more on Propel Hospitality
3i Group raises stake in Action UK-based private equity firm 3i Group is raising its stake in the retailer Action by 50%, in a move that values the discounter at €10.3bn. Action currently has 1,481 stores in Europe, predominantly in Belgium, France and Germany. Read more on PE News
Rosa’s Thai Cafe founders save Ceviche restaurants from administration The deal sees Rosa's Thai founders Alex and Saiphin Moore acquire the Ceviche group under Atomex. The couple have reportedly closed their latest noodle venture Hoh Sek Noodles in order to focus on the Ceviche brand. Read more on The Caterer
Young’s to accelerate Redcomb investment Thanks to a positive set of results, the pub company Young's has made plans to speed up its investment in Recomb Pubs, with the aim of completing the project by April 2020. Read more on MCA Insight
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