In the drive towards sustainable fashion, there are several trends taking root. Designing for longevity, adopting practices from the circular economy and shifting towards eco-friendly materials are just a few of...
There are certainly encouraging movements happening for female leadership in the sport industry. However, like in a lot of sectors, there is room for...
Finding innovative ways to attract and retain workforces is the only way forward for employers. A unique culture with alluring benefits, make companies stand out, attracting and keeping the best...
Earlier this month, Levi’s filed the paperwork for an initial public offering at the New York Stock Exchange. If the IPO gets away, it will be the second time the 165-year-old behemoth – known the world over for its iconic blue jeans – has gone...
Uber, whose long-awaited stock market debut came to fruition just over a week ago, was launched by founders Travis Kalanick and Garrett Camp having been frustrated at the difficulty of finding a cab on the snowy streets of...
In the drive towards sustainable fashion, there are several trends taking root. Designing for longevity, adopting practices from the circular economy and shifting towards eco-friendly materials are just a few of...
As Generation Z’s come of age and the purchasing power of millennials rises, the value of positive brand messaging will become priceless. With their huge customer bases and wide marketing reach, blue-chip brands are well placed to address pressing...
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...
TJX posts strong Q1 results For the three months ending on 4 May, the apparel and home fashions retailer saw net sales increased 7% to $9.3bn. Consolidated comparable store sales increased 5%, compared to an increase of 3% last year. Read more on Fashion United
Online sales rise at Shoe Zone In the six months to 30 March, the value footwear retailer posted flat statutory profit before tax at £1m, as revenue dropped 1% to £73m. The company's gross margin was up to 62%, from 60.6% in 2018 and digital sales increased by 4.9% to £5m. Read more on Retail Week
Coca-Cola to maintain majority stake in Coca-Cola Beverages Africa Coca-Cola will begin presenting the financial statements of CCBA within its results from continuing operations in Q2 of 2019. CCBA is the largest bottler of Coca-Cola beverages on the continent, serving 12 countries. Read more on FoodBev
Convenience food maker Greencore sees half year profit rise The company reported a 17% rise in pre-tax profit for the six months to the end of March. Greencore's adjusted pre-tax profits rose to £37.7m from £32.2m. This came as group revenue fell by 4.6% to £701.4m from £734.9m. Read more on Irish Times
The Kooples buyout approved France's Autorité de la concurrence has approved Maus Frères' bid to purchase The Kooples fashion retailer, which operates in 14 countries. Maus Frères operates as the parent company of Lacoste, Gant and Aigle. Read more on Retail Gazette
Burberry opens pop-up on Greece’s Mykonos The British luxury brand will operate its new pop-up until October. Located on Mykonos, the site will offer the Riccardo Tisci collections, including the spring/summer 2019 Kingdom line. It will also house the recently launched Monogram collection. Read more on Fashion Network
ByteDance preparing to launch music streaming app The Chinese company behind social media app TikTok may soon launch a paid streaming service in emerging markets. ByteDance reportedly hasn't yet secured streaming rights from big US labels. The conglomerate is valued at $75m. Read more on engadget
Sun Basket secures $30m The healthy meal delivery service received the capital in a Series E round led by PivotNorth Capital. San Francisco-based Sun Basket hopes to use the $30m to build on its market share in direct-to-consumer healthy food. Read more on Venture Beat
Watches of Switzerland targets £660m listing The seller of luxury watch brands has 125 shops in the UK and 21 in the US. It is majority owned by private equity firm Apollo Global Management and will sell shares in a range between 250p and 277p each, valuing the business at £610m to £660m. Read more on Retail Week
B&B Hotels sold by PAI Partners The European private equity firm has entered into negotiations with the Merchant Banking Division of Goldman Sachs to sell B&B for €1.9bn. The hotel chain has almost doubled its EBITDA since its acquisition by PAI in March 2016. Read more on Hospitality and Catering News
Compass Group and Chelsea FC extend partnership The football club has has extended its contract with Levy UK, the stadia division of Compass Group, until 2023. The partnership sees Levy cater for more than one million fans each year at Stamford Bridge, as well as over 1,000 corporate and private events. Read more on The Caterer
Merlin to open franchise in Prague Merlin Entertainments will launch its first Madame Tussauds brand franchise in partnership with Czech Wax Museum Svet Zabavy. The Czech company will have access to the Madame Tussauds brand and a multi-million-euro refurbishment of its museum. Read more on Propel Hospitality
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