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The chief executive of Majestic Wine, Steve Lewis, is to retire with immediate effect with finance director Nigel Alldritt stepping in until a permanent replacement has been found.The company said that it requires “leadership commitment and continuity” at what is a crucial stage of its development and with Mr Lewis...
A survey by the Family and Childcare Trust, found out that the cost of childcare has increased in the last five years by almost a third and for many families "it simply does not pay to work".The annual survey found that on average, sending a child to nursery for 25...
The employment rate in the UK continued to rise, accompanied by a fall in unemployment, according to the Office for National Statistics.For October to December 2014, 73.2% of people aged from 16 to 64 were in work, up from 72.0% for a year earlier.The latest figures come a day after...
Chocolate giant Nestle has reported that it will be removing all artificial flavours and colours in their US products and replacing them with natural ingredients prompted by market research.A statement from Nestle said: “For example, the centre of its Butterfinger bars will now have annatto, which comes from the seeds...
Tesco has announced the appointment of John Allan as chairman from March 1st, joining the supermarket from Dixons where he was also chairman.His appointment comes as Tesco is undergoing an overhaul, with plans to close under-performing stores and cut jobs.Patrick Cescau, senior independent director of Tesco, said: "Following a deep...
The outgoing chief executive of jewellery brand Pandora, Allan Leighton, is due to receive 34.3 million Danish kroner (£3.4 million) when he steps down from the company next month.The former Asda executive is widely expected to be announced as the new chairman of the Co-operative Group in the next few...
Phil Ponsonby has been appointed as group general manager of The Midcounties Co-operative food business, after previously working for six years as chief operating officer for food retail and services at Southern Co-operative.He will be responsible for driving the growth of 232 food retail stores at Midcounties Co-operative, including developing...
The bookseller Foyles has announced that in the year ending June 2014 sales rose by 2.2% to £23.4 million with gross profit rising by 3.7% to £6.52 million, however the company made an operating loss of £600,000 due to funds involving the move to a new flagship store in London’s...
Wakefield shopping centre, Trinity Walk has reported that footfall reached record levels during the Christmas period, defying industry figures that footfall in shopping centres has declined.Compared to November 2013 footfall at the centre rose by 3.5%, however, figures shot up in December by 12.9% which gave the shopping centre an...
Michele Ferrero, the man behind famous chocolates such as Ferrero Rocher, Nutella, Kinder eggs and the sweets Tic Tacs has died at the age of 89 at his home in Monaco after months of illness.Mr Ferrero’s son, Giovanni has taken over the family business as chief executive where they employ...
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