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KFC is to sue three Chinese companies for spreading false rumours about their food.The firms have been accused of using social media sites to say that chickens used by the company were genetically modified to have six wings and eight legs. KFC is looking for compensation of 1.5 million yuan...
Luxury fashion retailer Gucci has announced it is to hold a sale that will offer as much as 50% off its products in China to try to clear some of its older stock which was designed by Frida Giannini, the ex-creative director. To help get figures and demand back up in...
Fashion retailer Abercrombie & Fitch has seen a same-store decline in sales for the 14th consecutive quarter, however improvements in its Hollister brand are proving more positive and are thought to be stemming the overall decline.Some changes that have already taken place include the removal of the signature dim lighting...
The senior management team at Morrisons is preparing for attacks from investors at its AGM on Tuesday, following a £3 million payout to former chief executive Dalton Philips, who was sacked in January. He was replaced by David Potts who has said that he is working towards a “simpler, leaner and...
The UK’s biggest gym operator, Pure Gym has bought rival chain, LA Fitness.LA Fitness, who has 43 clubs around the London and South East England area, will be joining Pure Gym’s 91 clubs.The doors first opened in November 2009 in Leeds and Manchester and since then Pure Gym has grown...
It has been reported today that one of the recruitment industry’s leading support companies, Anderson Group, is promoting an “aggressive” tax avoidance scheme. The BBC, which uncovered the scheme, has said that it works by exploiting the government's Employment Allowance and could deprive the Treasury of tens of millions of pounds of...
Amazon has announced its plan to offer own-brand food under its Elements business. The line is expected to include everyday food and drink produce like milk, cereal and baby food as well as household cleaning products.Amazon has said that that the line will provide “an unprecedented level of information” on...
According to the BrandZ Top 100 Most Valuable Global Brands survey, Alibaba has overtaken Amazon to the top spot for the first time. Amazon, which remains ahead of retail giants such as Walmart, saw a 3% decrease in its value to $62.3 billion, whilst Walmart is worth $35.2 billion and has...
It has been revealed that luxury sports car maker Lamborghini is to launch a sports utility vehicle (SUV), which will be built in Italy. Italy won the bid with Lamborghini, who are owned by Volkswagen, over Slovakia.The signing which took place in Rome was attended by executives from Lamborghini and...
Luxury goods retailer, Michael Kors has appointed Marcel Ostwald for their newly created role of senior vice president for Menswear. His position will fill a “key space” in the brand’s development in the menswear division and will take on the role from August 1st this year.Mr Ostwald has over 11...
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