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Retail & Consumer

Cocktail bar chain owed millions to OakNorth, HMRC before collapse
By City AM
The company has made at least 30 staff redundant alongside closing several sites as founder Nick Campbell battled to secure rescue funding to buy the company in a pre-pack administration deal
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Manchester-based sportswear brand valued at eye-watering 拢400m
By City AM
Adanola, the activewear brand worn by the likes of Kendall Jenner, Molly-Mae Hague and Maya Jama, has been valued at around $530m (拢398m) after securing a new backer
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Struggling traders offered rent cut after 拢8.9m market revamp delayed
Retail & Consumer
The decision to re-locate the town's outdoor market has also hit trade at its indoor market with stallholders complaining of a drop in footfall
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Pandora hit by data breach as retailer confirms customer details were stolen
By City AM
The premium jeweller confirmed the attack on August 5, as the retail sector struggles to contain a surge in cyber attacks
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Landmark Cornwall pub which starred in Dawn French series could be turned into a home
Housing
The Spaniards Inn, also known as The Crooked Spaniards, has been closed to the public since 2008 but has been used as a wedding venue by previous owners
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London cocktail chain Simmons enters administration after closing four sites
By City AM
The upmarket bar group, which had operated more than 20 venues across the 海角视频, has appointed advisory firm Kroll to oversee the administration, company filings show.
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Domino's misses new store targets due to franchisees' wage pressure struggles
By City AM
The pizza delivery chain saw just 11 new stores open in the six months to June 29, with full-year openings now expected to be in the mid-twenties as franchisees become more "cautious"
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Dishoom sold to firm backed by LVMH in mega deal for popular 海角视频 restaurant chain
By City AM
Dishoom has agreed a deal for an undisclosed sum with US-based L Catterton in a move which will see founders Shamil Thakrar and Kavi Thakrar dilute their stakes
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Morrisons slashes thousands of jobs despite soaring profits post-takeover
By City AM
The supermarket giant has today posted a pre-tax profit of 拢2.1bn for the 12 months to 27 October, 2024 - the first time it has been in the black since being taken over
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McDonald's 海角视频 doubles profit to 拢120m in 2024 despite job cuts and competition
By City AM
The US fast food giant has posted a pre-tax profit of 拢120m for its latest financial year, up from the 拢66.3m it reported in 2023 as it also cut 2,000 jobs
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Papa John's shuts 70 海角视频 stores amid ongoing financial struggles
By City AM
The 海角视频 arm of the US pizza giant has reported a pre-tax loss of 拢21.8m for its latest financial year, having also lost 拢19.2m in 2023 as it closed 74 stores and opened only seven
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Family-run bathroom specialist Plumb Factory opens new showroom and plans another after NPIF II support
North West
New Preston showroom will create jobs with FW Capital support
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Charlotte Tilbury creates 150 jobs as profits soar in latest financial year
By City AM
The business was founded in 2013 by Charlotte Tilbury who serves as its chair
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Watches of Switzerland shares slump as Donald Trump ups tariffs
By City AM
Switzerland was singled out by Donald Trump earlier this year as one of the worst culprits of unfair trade with America
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Pets at Home warns profits will be hit by 'subdued' retail sector
Retail
The retailer said it expected annual profits to be between 拢110m and 拢120m
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Indian producer buys 80% stake聽in Manchester's Brew Tea Co as founders stay on to drive global growth
Food and Drink
Tea firm has 10,000 海角视频 subscribers and sells through online retail giants
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Butcombe launches into shandy market with tropical drink
Food and Drink
It will be available across the company's estate of pubs in the south of England
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Next says M&S cyberattack and good weather helped it smash expectations
By City AM
The Lord Wolfson-run fashion group said full price sales were up over 10 per cent in the first half of this year, nearly 拢50m ahead of its guidance for the period of 6.5 per cent
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Hays Travel acquires major cruise holiday specialist
Deals
The Sunderland firm's purchase of Victoria Travel Group is the latest in a string of deals
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Bakery group says profits grew despite rising costs as it continues to invest in global manufacturing
Food and Drink
Wirral-based group invested in Yorkshire chocolate production lines
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Aldi raises minimum pay to 拢14.33 per hour with bosses praising 'incredible contribution'
By City AM
Aldi has announced a new top-up to its staff wages, retaining its crown as the 海角视频's highest-paying supermarket
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WH Smith flogs off Funky Pigeon card brand for 拢24m in travel pivot
By City AM
The Bristol and Guernsey-based novelty greeting cards line was sold for 拢24m, with Card Factory looking to integrate its technology into its consumer business
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Poor footfall and costs weigh on Greggs profits as first half sales pass 拢1bn
Retail & High Street
Interim numbers for the pastry and sweet treat seller come after hot weather dented sales in June
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Ribena owner to invest nearly 拢1m in blackcurrant breeding in face of climate change
Food and Drink
Suntory Beverage & Food Great Britain and Ireland is working with Scotland's James Hutton Institute on the project
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