The John Lewis Partnership has embarked on a £500 million multi-decade joint venture with global investment company Abrdn in which it will create around 1,000 new homes for rent. John Lewis had previously announced that it was planning to use its significant property assets to build residential homes and diversify its...
British online marketplace OnBuy has been named as one of the country’s fastest-growing tech companies. The business has been officially recognised in Deloitte’s UK Technology Fast 50 2022 by being placed 11th overall, following its 3,402% revenue growth over the last four years. It also secured top spot for the South-west...
Dobbies Garden Centres across the UK are gearing up for one of their key dates in the festive calendar, officially known as ‘Bring Your Christmas Tree Home Day.’ The first Saturday of December (Saturday 3 December) is the most popular day for buying real Christmas trees and this year is set...
Primark has announced that it is investing €100 million in its Spanish business. Some €80 million will be devoted to the opening of eight new stores and one extension and €20 million will be allocated to refurbishments and upgrades. The investment will create over 1,000 jobs over the next two years to...
ScS has announced that its chief financial officer, Chris Muir, has notified its board that he will be stepping down. The upholstered furniture retailer said a process to identify his successor will begin immediately. Muir has a 12 month notice period and will remain with the business while a replacement is appointed...
Hotel Chocolat increased its revenue by 37% to £226 million in the year to 26 June after trade was boosted by growth in customer numbers and investment in new categories. UK sales climbed by 35% year-on-year and by 68% on pre-pandemic levels. Store sales grew by 23% on three years ago. While...
Joules is on the brink of being rescued by Phase Eight owner The Foschini Group. According to a report by Sky News, the South African company is moving closer to securing an agreement to acquire the majority of Joules’ stores and assets. However, the deal could also result in a quarter of...
H&M Group has announced that it is to reduce its workforce by around 1500 positions as part of its global programme to cut costs and improve its levels of efficiency. The Swedish company is also looking at its administrative and overhead costs. In a statement, H&M Group said the programme is expected...
Boohoo has more than doubled its investment in Revolution Beauty Group to give it a 26.47% share of the business. The move builds on the existing relationship between the two companies under which Revolution Beauty products are sold through several of Boohoo’s direct to consumer brand websites and its online digital...
Topps Tiles has reported its second consecutive record year of revenue for the group. The average sales per store was up 25.3% compared to 2019 with adjusted profit before tax of GBP15.6m, compared to profits of GBP15m in 2021. The Leicestershire-based tile retailer said it had experienced a strong recovery from Covid...
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