Three former Tesco executives have been charged with fraud, although it is thought the company itself may escape prosecution over the black hole found in its accounts two years ago. The Serious Fraud Office (SFO) has been conducting an investigation into accounting practices at the firm, which Tesco has been co-operating...
Peter King has been announced as the new group finance director at department store Fenwick. Qualifying as a chartered accountant with KPMG, Mr King is the ex-managing director of The Fragrance Shop and worked his way up to this role in 2014 as he started out as group finance director back...
It has been revealed that JD Williams will be taking on the likes of Next and M&S as the fashion retailer has launched its debut budget selection of clothing. The clothing ranged named “The Cut” is aimed at key items with a lower price tag at the beginning of the season...
Game Digital has announced John Jackson, formerly head of Jamie Oliver Holdings, as its new non-executive chairman, following the announcement that David Hamid is to step down. Mr Hamid, who has been chairman of the group since its IPO in 2014, will stand down at the AGM in January. Martyn Gibbs,...
Majestic Wine has announced the launch of a Tasting Club as part of a transformation plan to put the customer at the heart of its strategy. The new ‘Tasting Club’ will see four tiers of wine tasting events run by the in-store teams from an introduction to wine, to fine...
Food retailer Pret A Manger has revealed that its pop-up shop, Veggie Pret has been such a success that it will remain permanent. Originally only meant to be open for one month, it was extended to 12 weeks due to its popularity. Based in Soho, Pret has announced it will open...
Norton Motorcycles has chosen Beak Street in London’s Soho to launch its debut UK clothing store, selling its heritage range of clothing. Since 1898, Norton has built a reputation as a British institution for style and engineering. Models were even used in WWII and still remain extremely desirable for collectors. Having only...
South African group Steinhoff’s takeover of budget group Poundland has been backed by shareholders, marking the end of a long and drawn-out process to approve the £610 million deal. The move was backed by 98% of the company’s shareholders, despite concerns that US hedge fund Elliot Management may use its large...
Tesco has announced that it will be reducing the number of its 24 hour stores, leading to concerns amongst employees. The move could mean that some staff members in the 30 stores affected could lose up to 15 hours of shifts a week. "We're making some changes in a number of our...
Dixons Carphone has seen a 9% rise in group revenue for the first quarter, with like-for-like revenue in the UK and Ireland increasing 4%. In the 13 weeks to July 30th, the company also saw a “very good performance” in Southern Europe, with like-for-like revenue up13%, driven in particular by strong...
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