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Retail & Consumer

Eden Project to axe 80 jobs amid 'considerable economic challenges'
Employment
It is the second wave of cuts the South West attraction has announced in recent times
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London's Black Sheep Coffee to open in Bristol
Retail & High Street
The speciality coffee brand was founded in 2013 and now has branches across the º£½ÇÊÓƵ
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Almost Famous closing all sites: 'The current economic climate has proven too challenging for us to overcome'
Food and Drink
Outlets in Manchester, Liverpool and Leeds will close
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New food and drink shop to open at retail park – though council warns of traffic concerns
Halfords
New unit will be built on land which was previously part of a garden centre
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Durham entrepreneur rejected on Dragons' Den set to treble Crowdcube target
Food and Drink
Mark Wong's Impossibrew has so far raised £1.4m in the Crowdcube campaign from a £500,000 target
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Wizz Air CEO may miss £100m bonus as share price falters despite passenger surge
By City AM
Wizz Air's share price has struggled over the past year, meaning the budget carrier's CEO is unlikely to hit the huge bonus target set by the company's shareholders
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Plymouth restaurant shuts its doors leaving owner broke
Insolvency and Administration
Koala Karlous opened in 2023 and went on to have several locations but the entire chain has now closed
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Popeyes and Wingstop announce plans to open dozens of new º£½ÇÊÓƵ restaurants
By City AM
Popeyes and Wingstop have each announced ambitious plans to expand their restaurant chains across the º£½ÇÊÓƵ and create thousands of new jobs
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Ryanair slashes passenger forecasts due to never-ending Boeing delays
By City AM
Europe's largest airline by passenger numbers has cut its traffic forecasts due to continued Boeing delays, despite a massive jump in third quarter post-tax profit
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WH Smith in talks to sell high street business as it looks to focus on travel arm
By City AM
The company's high street operation is made up of about 500 stores, employing around 5,000 people
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London pubs giant reveals sales growth as it eyes up expansion
By City AM
Urban Pubs & Bars runs 53 pubs, bars and restaurants across the capital and is eyeing up expansion after reporting a jump in sales for its latest financial year.
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Home gym brand Jigsaw Fitness wins £350,000 NatWest funding to support its º£½ÇÊÓƵ growth plans
North West
North West firm plans to develop its Solo Fitness home gym equipment brand
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Historic Tyneside music store that lost battle with online giants went bust owing almost £1m
Retail & High Street
Music store JG Windows Ltd, which opened in Newcastle city centre in 1908, was placed into liquidation at the end of last year
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Primark owner's share price slides after broker warns of 'shock' to customers
By City AM
The analysts at Panmure Liberum also downgraded their rating for the retail giant, as they warned that the 'economic performance' in the º£½ÇÊÓƵ could pose a risk
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Morrisons confirms plans to axe more than 200 roles across º£½ÇÊÓƵ supermarkets
By City AM
The Bradford-headquartered chain confirmed plans to axe more than 200 roles from its retail people team
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The Works slashes losses with new strategy as it looks to become 'go-to destination'
By City AM
The Works has reported a significant improvement in profitability for the first half of the financial year, as it unveiled a new strategy
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Burberry shares soar as luxury giant's transformation plan starts to show results
By City AM
The British brand has been implementing a wide-ranging turnaround plan to boost sales and re-connect with its customer base, which has helped to spark investor interest
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Bar and restaurant group secures £1.1m to open more sites
Food and Drink
The business was founded in Gloucestershire and Somerset in 2022
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Food and drink M&A deals spike as firms look to strengthen positions
By City AM
M&A deal volumes in the food and drink sector saw a double digit rise last year, as buyers targeted undervalued companies in a bid to strengthen their positions in the market.
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Michelin Star restaurant Simpsons goes up for sale as chef announces retirement
West Midlands
'Simpsons represents a fantastic opportunity for someone to stamp their own identity on part of this city's culinary history
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Revolution Beauty sales to fall by around a quarter in 2025 in blow to turnaround plans
By City AM
The London-listed group said it had experienced some sales softness in its digital channels and an element of de-stocking from US retailers in December
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Primark hit by weak º£½ÇÊÓƵ sales and cautious consumer sentiment
By City AM
Primark sales declined 4 per cent in the º£½ÇÊÓƵ and Ireland in the 16 weeks to 4 January, as the retailer was hit by weaker cold-weather and seasonal clothing sales
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Netflix to hike subscription fees following a surge in subscribers and expansion into live sports
By City AM
The streaming giant has also projected revenues of between £35.3bn and £36bn for the year ahead, as it continues its growth in the sports streaming market
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Pubs and bars see end of year spending surge in 'big relief' for hospitality sector
By City AM
Pub sales were up 4.7 per cent ahead of December 2023, while bars bounced back from soft trading throughout most of 2024 to post growth of 1.3 per cent
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