In a significant move just days before the United States presidential inauguration, former President Donald Trump sold a substantial stake in his cryptocurrency enterprise valued at 500 million dollars. The
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The iconic British footwear brand Russell and Bromley has been sold to Next in a pre-pack administration deal aimed at rescuing the firm from insolvency. The deal, which allows Next
Tension has arisen within the family behind Russell and Bromley, as shareholders are divided on the potential sale of the struggling footwear chain. Some favour a sale to Next, while
Fortnum & Mason has reported a robust performance, highlighting resilience in a challenging retail environment. The UK’s oldest department store experienced a sales increase of 5 per cent, reaching £239
Accenture has completed the acquisition of Faculty, a British artificial intelligence company valued at over 1 billion dollars, marking a significant strategic move for the New York-listed consultancy firm. The
Ford has announced a major strategic reversal, revealing it will scale back commitments to electric vehicles and shift focus towards hybrid technology. This decision delivers a near 20 billion dollar
Poundland has announced the closure of more shops across the United Kingdom as its new owners pursue a turnaround strategy. The discount retailer is set to shut a further 14
Pret A Manger is withdrawing all 110 of its self-service coffee machines from locations across the United Kingdom, shifting its strategic focus towards expanding its high street store presence. The
Ivan Arriagada, chief executive of the FTSE 100 copper giant Antofagasta, is staking significant ground on the future of copper as global industries pivot towards electrification. Meeting for lunch at
Fenwick’s decision to shut its historic Bond Street store has played a significant role in narrowing annual losses for the renowned department store chain. While this strategic move succeeded in
For over fifty years National Express has been synonymous with intercity coach travel across Britain a household brand and a fixture of the British transport scene. Its iconic status was
When Stuart Machin attends M&S board meetings or visits stores, he is clad head to toe in Marks and Spencer apparel. At 55, the chief executive often jokes that he
Richard Liu, the billionaire founder of JD.com, has called the past five years the dreariest chapter in his career. The Beijing-based ecommerce giant, known as Jingdong in China, is now
Shares in AO World surged over ten per cent after the online electricals retailer announced an ambitious share buyback programme and raised its profit outlook, marking a significant milestone in
Pret A Manger has registered a pre tax loss of £525 million for its most recent financial year, as the café and sandwich chain grapples with persistent accusations of overpricing.
When Coca-Cola purchased Costa Coffee in 2018 for £3.9bn, the move was seen as a daring leap into the vibrant coffee market, promising to diversify the soft drink giant’s portfolio.
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