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Retail & Consumer

º£½ÇÊÓƵ inflation hits 3.0% in January to challenge Bank of England as cost fears continue
Bank Of England
The headline rate of inflation rose more rapidly than predicted
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Hair salons tell Chancellor to cut VAT to save industry from 'existential crisis'
North West
Famous Liverpool group joins British Hair Consortium campaign to support sector and its apprentices
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'VAT costs are killing industry' - Exeter salon boss warns chancellor ahead of Spring Statement
The Budget
Business owners in the industry are calling on Rachel Reeves to cut VAT to 10% to save sector
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Holiday Inn owner IHG expands portfolio amidst robust travel market recovery
By City AM
IHG has soared as travel has returned after the pandemic, with early estimates for 2024 suggesting the hotel industry has finally surpassed 2019's revenue
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Ann Summers reports £13.1m loss amid inflation and Google search challenges
By City AM
The lingerie and sex toy retailer's turnover has also taken a hit, newly-filed accounts show
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Club L London almost triples in size as it targets international expansion
By City AM
The Manchester-headquartered company achieved a turnover of £44.4m for the 14 months to 31 March, 2024, newly-filed accounts with Companies House have revealed.
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Online furniture retailer returns to profit as US sales surge
Retail
Sales at Chippenham-based Furniturebox grew more than 20% over the last financial year
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McDonald's to create 120 jobs with new 24-hour drive-thru – despite council objections
Commercial Property
Council has rubber-stamped an application for the new restaurant on vacant land at Winsford Gateway
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Plans to turn Carlisle station waiting room into bar approved
North West
Platform four first class waiting room had been used as pub
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Investors urge Shein to slash IPO valuation by two-thirds as it plans London debut
By City AM
Shein was valued at as much as $100bn in 2022, but is now reportedly being pushed by its backers to cut its valuation to $30bn in order to secure enough investor support for its IPO
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The Stable pizza restaurant opens branch in Padstow
Food and Drink
The popular eatery is known for its artisanal pizzas and craft cider, and already has a number of sites in the West of England
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Pret A Manger hit with winding up petition over unpaid debts
By City AM
The popular sandwich chain has been named in a petition by Castle Water, an independent business water supplier, according to the High Court filing system
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'Inspiring' restaurant with roast dinners and music seeks council approval for expansion
Retail & Consumer
Ten Streets Social is currently in the fourth year of business
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Nikon's profit falls by half as it admits demand is waning
By City AM
The division of the Japanese giant has reported a pre-tax profit of €13.5m (£11.2m) for the 12 months to 31 March, 2024, according to newly-filed accounts with Companies House.
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AI platform working with OpenTable and Hawksmoor secures major funding
Restaurants
Distil.ai will use the investment to expand its team and scale its operations, it said
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Bristol opticians relocates after nearly 30 years in old city
Retail & High Street
Bramley Pope was founded in 1997 in the city centre but has now found a new home in Bedminster
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In The Style on brink of collapse with administration looming
By City AM
The fast-fashion firm is said to be in talks with FTS Recovery to oversee a potential administration of the company which was founded by Adam Frisby in 2013
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Major tool supplier collapses into administration
Insolvency and Administration
Professional services consultancy Alvarez and Marsal has been appointed as administrators of Exeter-based Troy º£½ÇÊÓƵ
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Dragons' Den offer for Wiltshire gardening company Dig
Retail
The business was founded during the Covid pandemic
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Kurt Geiger acquired by American footwear giant Steve Madden in a £289 million deal
By City AM
Private equity firm Cinven has agreed to sell the footwear and accessories brand to US-based sneaker brand Steve Madden for £289m, after buying the company for £245m in 2015
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Superdry boss submits plans for Cheltenham hospitality venue
Restaurants
Thousands of people are backing the proposals despite council concerns over 'harm' to the town's heritage
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Unilever sales grow as Marmite and Dove maker's turnaround plan starts to pay off
By City AM
The consumer goods giant, which also owns brands including Hellmann's, said turnover rose 1.9 per cent to €60.8bn (£50.71bn) in 2024, slightly above analysts' expectations of a 1.6 per cent rise
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Coca-Cola bottling partner reports double-digit growth despite headwinds in emerging markets
By City AM
The bottling partner of The Coca-Cola Company said it had grown volumes by 2.8 per cent in the twelve months to 31 December 2024, driven by higher sales of coffee and energy drinks
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Birkenstock sales to surge in º£½ÇÊÓƵ as trendy footwear brand makes latest update
By City AM
The footwear brand has revealed its sales have so far been "above initial expectations" in its year which will finish at the end of September
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