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Prezzo set to close 100 stores About 7 years ago

Restaurant chain Prezzo are set to close 100 stores, putting hundreds of jobs at risk as the company looks set to become the latest victim of brutal trading conditions. Prezzo’s owner, private equity firm TPG Capital, is expected to put the chain into a Company Voluntary Arrangement in the next few...

Coca-Cola pauses CO₂ production at some plants About 7 years ago

Coca-Cola have "temporarily paused" some production of their product because of the shortage of CO₂ gas in some factories. They have explained that even due to the shortage of CO₂ gas this has not affected supplies. There are reports that the shortage is affecting deliveries of frozen foods, which are kept cool by dry...

Clark's CEO has left the company About 7 years ago

Clarks have confirmed that their CEO Mike Shearwood “has resigned following an investigation into complaints of conduct contrary to the family-owned company’s Code of Business Ethics.” They didnt say what the problems were, but said “aspects of Shearwood’s conduct, conversations and expressions fell short of the behaviours expected of all its employees on...

Carpetright takes a big full year loss About 7 years ago

Carpetright have reported a full year pre-tax loss of £70.5 million. Like-for-like sales in the UK declined by 3.6% as a fall of 7.8% in the second half offset a first half uplift of 0.7%. Underlying EBITDA dropped to £2.9 million from the previous year’s £20.9 million due to the decline in...

Brent Cross Mall upgrade has been postponed About 7 years ago

Brent Cross upgrade to the mall is experiencing heavy delays with work that had been due to start next month. They are now expecting to begin in January. This could be crucial for the opening date of the giant mall, dates from as late as March 2023 are being estimated, rather than September 2022...

H&M Re-open Rue Lafayette store based in Paris About 7 years ago

H&M have re-opened their flagship store on Rue Lafayette street in Paris after a major revamp. The shop will be carrying fashion and homewares and will be set over five floors, rather than its predecessor which was set over just three. It will also feature H&M's Take Care concept which aims to help customers take better...

House of Fraser officially closing Oxford Street store About 7 years ago

House of Fraser's plan to close more than half its stores has been backed by creditors and is going ahead as planned. They will now be going ahead with the closure of 31 of their 59 stores across the nation, which is now putting 6,000 jobs at risk. 2,000 of those will be...

Dixons Carphone report huge loss in profit About 7 years ago

The BBC have reported that Dixons Carphone's pre-tax profits for the year to 28 April fell to £382m, from £500m a year earlier. The retailer will be closing 92 of its more than 700 stores this year due to a decline in mobile phones sales. Last week, they admitted a big data breach involving millions of credit cards...

House of Fraser announces new product and trade strategy About 7 years ago

House of Fraser will be taking on a new product and trade strategy as it takes further steps to transform its business. Their aim is to be one of the best destinations for contemporary brands whilst providing a premium experience for shoppers, both online and in its stores. This will include the company responding...

M&S partners with Microsoft on artificial intelligence initiative About 7 years ago

Marks & Spencer is collaborating with Microsoft in a new plan which entails testing the integration of artificial intelligence technology in the retailer’s stores and wider business. The partnership will see the two businesses work together to explore how the technology can be used within the retail environment to improve the customer...

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