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It has been reported that supermarket giant Tesco has recovered ownership of 21 superstores in a £733 million asset swap with British Land.The stores were part of a joint venture between the two companies, in which Tesco paid inflation-linked rent payments to British Land.In exchange for the 21 stores transferring...
A report from two groups of MPs has said that the collapse of the delivery firm City Link over Christmas, which saw around 2,700 staff and 1,000 contractors’ lose their jobs, exposes major flaws in the current insolvency system.The report also found that the company took a “deliberate decision” not...
A study from hotel booking and review site hotel.info has said that employees in UK hotels are the least friendly in Europe, joint worst with Russia.The survey took the results of reviews from over six million customers.The report said: “Despite the fact that these countries are at the bottom of...
An anti-racism marketing campaign from coffee chain Starbucks has backfired after being mocked widely on social media.The company launched the “Race Together” campaign in order to bring customers together in a conversation about race in the wake of on-going protests in the US over relations between police and ethnic minority...
Low cost airline Ryanair has abandoned its plans for transatlantic flights not long after its board had approved the move.The plans were first mooted in 2008, however, in a statement released on Thursday, Ryanair said it "has not considered or approved any transatlantic project and does not intend to do...
It has been reported that the owner of Wickes, Travis Perkins, is to create 4,000 jobs over the next four years in the UK; kicking off with a presence at retail recruitment event Retail Appointment Live over the past two days.The investment will see 400 stores opening and will be...
It has been reported that British Land, the owner of shopping centre Meadowhall in Sheffield has been given the green light for a £50 million makeover to celebrate its 25 years. The makeover will begin in autumn of this year.Part of the makeover will include different areas, each with a...
Aldi is pushing its new £2.5 million TV campaign ‘Favourite Things’ in the run-up to Easter, which features a cover version of ‘My Favourite Things’ from the movie The Sound of Music, recorded by Jade Williams, an up-and-coming British artist.The supermarket giant has seen a 63.8% year-on-year rise in sales...
The British fashion designer, Paul Smith, has promoted his Head of Men’s Design Simon Homes as his first Creative Director.Simon Homes, who has been with the business since 2004, will be responsible for all ready-to-wear, footwear and accessories collections, and will also oversee the Paul Smith brand.Paul Smith will still have...
Toys “R” Us has announced that it is hosting an exclusive store browsing event for World Autism Awareness Week for families that are affected by autism.The event will be held on Sunday 29 March where families can look around the stores’ toys and games in a much quieter and calming...
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