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Burma opposition leader Aung San Suu Kyi and Tesco chairman Sir Richard Broadbent are currently in Burma discussing brokering a deal for the grocer to enter the South East Asian country.Aung San Suu Kyi had previously said she would welcome ‘ethical, responsible investment’ from British businesses.Sir Richard Broadbent is hoping...
The chief executive of Sports Direct, Dave Forsey, has stepped up his row with sportswear giant Adidas by labelling Adidas’s restrictions on the supply of its replica football kits over in-store presentation as “anti-competitive”.It is understood that Dave Forsey has also reported Adidas to the Competition and Markets authorities after...
The owner of the stationery retailer Ryman and hardware chain Robert Dyas, Theo Paphitis, is planning to acquire the lingerie chain La Senza for his own brand Boux Avenue, after news of La Senza falling into administration for a second time in two and a half years and putting 752...
The online grocer Ocado has revealed that it has moved into the black after a loss last year.Ocado, which has never made a full-year profit, today revealed it had advanced its revenue 20.7% to £429.7m and saw its earnings before interest, taxes, depreciation and amortization (EBITDA) surge 78% to £34.3m...
Marks & Spencer has unveiled its reshuffle management plan for its management team in a bid to drive greater accountability and “ensure one view of the customer”.As part of its reshuffle, the five key executives that currently work under chief executive Marc Bolland will see an increase in their responsibilities...
American Eagle Outfitters has announced its entry into the United Kingdom, as it confirms it will be further expanding its global presence by opening three new stores in the South East.The on-trend clothing retailer will be opening its first store in Bluewater, followed by Westfield London and Stratford City shopping...
The grocery experts IGD have forecasted that hypermarket sales are set to fall over the next five years allowing Aldi and Lidl to double their sales.IGD chief executive Joanne Denney-Finch told The Telegraph: “People are now more willing to shop around at different types of grocery formats. They have more...
The world's largest food company Nestle, has announced it will pay the living wage to its entire staff.The living wage is based on the amount needed to earn to cover the basic costs of living.The firm that is currently paying the living wage to 8,000 of its employees says it...
The boss of Adidas, Herbert Hainer, said he would still like to work with Sports Direct after he said he would pull Adidas’ best-selling replica shirts because an improvement of presentation was needed in Sports Direct stores.However despite the war of words, Herbert Hainer said the German company was still...
Gatwick airport has hit a record number of passengers as it builds its case for a second runway.The airport, which is the UK’s second busiest, said that 4.8% to almost 36 million in the year to 31st March. It said that the growth was due to airlines such as British...
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