Stuart Machin is a CEO in the detail. He has a reputation of being hands on, full of energy and close to the action, whether that be across the food business, in fashion or walking the stores with colleagues. He’s someone who will get on the phone...
The MBS Group is delighted to present the 2024 edition of the Women to Watch in Hospitality, Travel, Leisure and Retail Index, produced in partnership with WiHTL and Diversity in Retail. Now in its sixth year, the publication highlights more than 100...
The beauty sector may have reached peak saturation. Over the past few years, it has seemed like everyone – from online influencers to top-tier financiers – has staked their claim in the market, launching brands, incubating startups or making...
A subject I love talking about and debating is whether ‘retail theatre’ in supermarkets is still as relevant today as it was in days gone by. Since Covid, all of my repeat supermarket items have been bought on Ocado. It means that I can do my shopping...
Patrick Kane’s email signature reads: he/him/disabled. “This isn’t because I want more time to complete tasks, or because I need reasonable adjustments,” he says, “but because when I solve a client’s problem, I want them to know that a...
Patrick Kane’s email signature reads: he/him/disabled. “This isn’t because I want more time to complete tasks, or because I need reasonable adjustments,” he says, “but because when I solve a client’s problem, I want them to know that a...
On the 1st July 2019, Dorp opened its doors to the public in Cape Town. Since then, my annual visit ‘home’ to South Africa has brought me to this hotel/home from home, on the highest hill underneath Signal Hill and across from Table Mountain. The...
In whichever direction you look, the sports industry is transforming: fan habits are evolving, games are getting more diverse and sport media is being reimagined. The space is also becoming increasingly global, attracting billions of dollars in...
In the early 2000s, the UK saw two high-profile business failures. In 2001, the industrial giant Marconi broke records by generating an overall loss of £5bn, following a misguided strategy of acquisitions. Around the same time, insurance firm Equitable...
WHSmith extends partnership with Toys R Us The retailer is rolling out its in-store tie-up with Toys R US. By the end of this financial year, WHSmith will have opened another 30 Toys R Us shop-in-shops Read more on Retail Gazette
WH Smith celebrates solid performance in its travel business The retailer has said that in the six months to 29 February, group revenue rose by 8% to £926m, bringing in pre-tax profits of £46m. Revenue was up 13% at WH Smith's fast-growing travel unit. Read more on The Retail Bulletin
First-quarter revenue up at HelloFresh The meal kit business has reported a 3.8% year-on-year increase in revenue for the first quarter of the year, driven by a 6.5% increase in average order value. Sales in the quarter reached €2.07bn. Read more on European Supermarket Magazine
Rémy Cointreau beats sales expectations Boosted by strong sales in its cognac division, Rémy Cointreau has reported a far smaller-than-expected fall in fourth-quarter sales. The spirits maker has attributed its performance to 'excellent' trading in China. Read more on European Supermarket Magazine
First-quarter sales at Columbia Sportswear decline 6% The Portland, Oregon based company has posted revenues of $770m in the first quarter, representing a dip of 6%. Columbia Sportswear has said that its results were weighed down by softer wholesale demand in the US and Canada. Read more on Fashion Network
Skechers posts another record-breaking quarter Strong sales in Sketchers' international division has boosted sales at the footwear group by 12.5% to $2.25bn. The direct-to-consumer channels also saw solid growth in the period. Read more on Fashion Network
Microsoft beats Wall Street revenue estimates The technology giant has announced a 17% uptick in quarterly revenues to $61.9bn, ahead of the previously-forecasted $60.8bn. Microsoft has said that boost was driven by gains from its AI products. Read more on The Times
Alphabet releases better-than-expected third-quarter earnings In the three months to the end of March, the owner of YouTube and Google generated revenue of $80.5bn, up 15% from the year-earlier period and well above the Wall Street consensus at $78.7bn. The company has announced its first-ever dividend. Read more on The Times
Hipgnosis Songs Fund agrees to $1.5bn takeover by Apollo-backed Concord Chorus The music company, which owns the rights to music by artists including Neil Young, Shakira and Red Hot Chili Peppers, has agreed to a $1.5bn takeover deal from Conchord Chorus. The agreement trumps the approach from Blackstone made on Monday. Read more on PE News
Blackstone to acquire restaurant brand Tropical Smoothie The private equity giant has announced that it has agreed to buy Tropical Smoothie Cafe, which operates 1,400 locations across 44 states in the US. According to reports, the deal is worth $2bn. Read more on Reuters
Like-for-likes up 7.5% at Loungers The cafe bar operator Loungers has reported like-for-like sales growth of 7.5% for the 53 weeks ended 21 April 2024, and has said that it expects profit to come in above expectations. Loungers has clocked record annual revenue, boosted by new openings. Read more on Propel Hospitality
Tortilla mulls regional expansion partnerships The UK’s largest fast-casual Mexican restaurant brand is exploring regional expansion partnerships, and has said it will double down on franchising models. Read more on Propel Hospitality
You’ll be able to unsubscribe at any time.
