020 7432 8855 to advertise
Italian coffee firm Lavazza has made an offer to buy Carte Noire, the French brand from Douwe Egberts, subject to approval from the French authorities and the European Commission.No figures have been disclosed regarding the deal, however sources say that it may be worth around EU800 million (£550 million), making...
Kingfisher, which owns the B&Q, Castorama and Screwfix chains, has seen successful sales growth in the UK and France.In the UK and Ireland, where it runs B&Q and Screwfix stores, sales rose 5.5% compared with a 1.6% rise in the first quarter, whilst sales at its French Castorama division rose...
EasyJet has seen “better-than-expected” revenue per seat driven by strong demand in the UK for beach holidays.Total revenue decreased by 1%, amidst a difficult operational environment including a French ATC strike and a fire at Fiumicino airport in Rome, which together caused 1,364 of the 1,463 flights cancelled in the...
Apple has seen a record third quarter after selling 47.5 million iPhones in the three months to June 27th.Chief executive Tim Cook said that it was an “amazing” quarter, with profits up 38% and revenue up 33%.The third quarter, which is usually the slowest for iPhone sales, included a “great...
German e-tailer Zalando, the largest in Europe by sales, has seen another quarter of rapid growth, although profits took a hit.Despite a sales rise of 33-35%, the e-tailer said that operating profit would come in lower than last year, with operating margin predicted to be 3-5% down from 6.4% on...
Brits have favoured shopping online, causing footfall by almost 3% in June, according to the British Retail Consortium (BRC) and data specialist Springboard’s latest figures. The report indicated that customers also avoided shopping centres, replacing them with retail parks out of town and causing footfall in the former to drop...
It has been reported that Hisao Tanaka, chief executive of Toshiba is to resign after the firm announced it had exaggerated its profits for the last six years by 151. 8 billion yen (£780 million).Vice chairman Norio Sasaki is also resigning, as chairman Masashi Muromachi takes over.In a statement, Toshiba...
Partech Growth Fund and Fidelity Growth Partners (investors of Notonthehighstreet.com) have given e-tailer Made.com a cash boost of $60 million to expand the site’s reach across the UK, Belgium, France, Germany, Italy and The Netherlands.Figures show that the furniture company reached an annual growth rate in revenues of over 100%...
Chinese state media has reported that five people have been arrested in Beijing over a sex tape that was filmed in one of Uniqlo’s stores.The tape went viral on Chinese social media as it showed the couple in the dressing room of the Beijing store. Not long after the tape...
It has been announced today that popular Swedish furniture company Ikea will pay its staff more than the National Living Wage from April 2016.The new compulsory living wage, announced by George Osborne, is £7.20 an hour and Ikea will be paying its 9,000 UK staff at least £7.85 an hour,...
Why not sign up for daily news emails?
