This week, from her remote North Scotland home, I caught up over Zoom with Captain Emma Henderson, the co-founder of Project Wingman. The last time Emma and I crossed paths was when MBS conducted an interview with her, for the inaugural WiHTL Women to...
This week, from her remote North Scotland home, I caught up over Zoom with Captain Emma Henderson, the co-founder of Project Wingman. The last time Emma and I crossed paths was when MBS conducted an interview with her, for the inaugural WiHTL Women to...
Amid the disruption of Covid-19, many companies are turning to interim leaders to guide them through uncharted waters. An individual with subject matter experience and a deep familiarity with the dynamics of the sector can be an extremely valuable asset...
We have had a Creative Practice at The MBS Group since the consultancy was founded 30 years ago. The practice has expanded and changed over the years to now include much more than just designers in apparel or home. Today, businesses are looking...
Over the last few months, every one of us has had to reconsider our approach to health and wellness. The Covid-19 crisis has not only posed a physical threat to our health, but also shaken up our daily routines, disrupted our exercise...
Perhaps it’s the clocks going back this weekend that makes me want to turn my attention to my home, South Africa. Or it might be the arrival of Naspers in our papers this week, the South African firm whose $5bn hostile bid for Just Eat has made quite a...
Purpose. We have heard this word be used time and time again by candidates talking about their own career aspirations – but never has the term had so much practical gravity than now. In the midst of the current Covid-19 pandemic, we have all been forced...
After the success of last year’s publication, we are delighted to once again be launching the Women to Watch in Hospitality, Travel and Leisure Index, in partnership with WiHTL. Gender diversity in the sector has increased over the last year across all...
The MBS Group is proud to have been championing diversity for over thirty years – so it was a real privilege to partner with the IGD and PwC to produce a first-of-its-kind report, giving an honest appraisal of the status of diversity and inclusion...
Primark updates on trading In the seven weeks to 20 June, Primark recorded sales of £322m, only 12% lower than the same period last year. The ABF-owned business predicts that it will turn a profit of between £300m and £350m in the full year to September. Read more on The Times
John Lewis to close stores The retail business yesterday announced plans to permanently shut some stores, cut jobs and close one of its London headquarters. A spokeswoman said: “The reality is that we have too much store space for the way people want to shop." Read more on Drapers
General Mills posts 5% uptick in net sales for 2020 The owner of Häagen-Dazs and Cheerios has reported a strong set of results, as healthy retail sales offset a decline in its foodservice unit during Covid-19. Net sales reached $17.6bn for the year ended 31 May. Read more on FoodBev
Tesla overtakes Toyota to become the world’s most valuable car maker Tesla's share price has overtaken Toyota's for the first time, rising by nearly 4% yesterday. Toyota is still larger in global volume. Read more on TechCrunch
Capri Holdings reports on fourth quarter earnings The Michael Kors owner has posted its fourth quarter results, reporting a net loss driven by an 11.3% revenue decrease. Read more on Fashion United
Macy’s sales dip 45% The American department store chain has posted a 45% sales downturn for the 13 weeks to 2 May. Digital sales rose in the lockdown period to account for 43% of total sales. Read more on Forbes
Esports platform Twitch breaks record watch time According to reports, Twitch has seen a massive 62.7% increase in hours watched from Q1 2020, reaching 5 billion hours watched in its second quarter. Twitch currently has a 67.6% market share in the game-streaming market. Read more on TechCrunch
Google confirms its US offices will remain closed until September Despite announcing plans to bring some staff back on 4 July, the tech giant has pushed back its office reopening date until at least September. Read more on TechCrunch
PE-backed Voyant Beauty to acquire KIK Personal Care Voyant Beauty, which is backed the by US-based private equity firm Wind Point Partners, is acquiring KIK Personal Care, a subsidiary of KIK Custom Products. Terms of the deal were not disclosed. Read more on PE Hub
PizzaExpress ‘not in a position’ to pay third-quarter rents The Hony Capital-owned restaurant chain has written to its landlords stating it is not in a position to pay its rent and bills for the third quarter. Read more on Propel Hospitality
Mitchells & Butlers posts half-year results The pub and restaurant group has reported losses of £121m in the six months to 11 April, compared with profits of £75m in the same period last year. Revenue fell 12%. Read more on The Times
McDonald’s to reopen 800 more sites for takeaway only The company said it would also extend opening times at many of its restaurants, including the return of 24-hour operations in some locations. However, McDonald's has said it's not ready to re-introduce dine in options 'just yet'. Read more on Propel Hospitality
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