Asda, Britain’s third-largest grocery chain, is experiencing a significant downturn in sales, a troubling trend that has seen its market share drop in the wake of fierce competition from rivals
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A British investor with significant holdings in 23andMe is reportedly interested in a potential rescue of the beleaguered Californian consumer genetics company. Richard Magides, director of Singapore-based Zentree Investment, holds
The ongoing struggle at Morrisons has been exacerbated by a recent cyberattack that disrupted operations and product availability. The company, the UK’s fifth-largest supermarket, is grappling with significant competition in
The owner of B&Q, Kingfisher, has called on Rachel Reeves to reconsider planned tax increases for retailers ahead of Wednesday’s spring statement. The retail industry faces rising costs due to
Fevertree has demonstrated a commendable financial performance, particularly in the United States, which has now surpassed the UK to become the company’s largest market by revenue. The upmarket tonic water
The founder of THG, previously known as The Hut Group, has recently committed to an additional £60 million investment in his beauty and nutrition empire. This move is part of
Businesses across the UK are grappling with a wave of challenges as the Chancellor’s recent tax increases and hikes in the minimum wage begin to take effect. These measures are
Allan Leighton, Asda’s executive chairman, is spearheading a bold strategy to rejuvenate Britain’s fourth-largest supermarket chain. Returning to Asda last November after a 24-year hiatus, Leighton is confronting a business
Forever 21, a popular fashion retailer, has filed for bankruptcy for the second time in six years and announced a wind-down of its United States operations. The company has struggled
Lurpak’s parent company, Arla, has found itself at the centre of a social media storm following unfounded claims related to its methane-reducing livestock feed trial. The uproar began when conspiracy
Major high street chains and restaurants, including Gail’s Bakery, Itsu, and Zizzi, are under scrutiny as campaigners push back against the increasing trend of businesses refusing to accept cash payments.
The iconic model train maker Hornby has announced its intention to delist from AIM, London’s junior stock exchange, after more than four decades as a public company. The move comes
The John Lewis Partnership has announced a significant leap in profits, with pre-tax earnings before exceptional items tripling to £126 million for the year ending 25 January 2025. This marks
Online fashion retailer Boohoo is to undergo a significant transformation as it rebrands itself as the Debenhams Group. Under the leadership of new chief executive Dan Finley, the company aims
Project Blazing Star, a significant £10 billion deal, has seen Walgreens Boots Alliance (WBA) sell its business to the private equity firm Sycamore Partners. This sale marks a dramatic turning
The Pepco Group is reportedly weighing the possible sale of Poundland as the discount chain battles significant challenges in the UK’s increasingly difficult retail environment. Poundland, which generates 30 per