The UK government and Amazon have announced that they will be working together to test several small drones that may one day deliver parcels. Supporting the government will be the UK Civil Aviation Authority who has given Amazon permission to explore three key innovations: testing sensor performance to make sure the...
It has been revealed that Donna Karan, part of luxury group LVMH has been sold to US-based G-III Apparel Group for $650 million, with the transaction looking to close late this year or early next year. Group managing director of LVMH, Toni Belloni, said: “We believe the DKNY brand has a...
The boss of budget airline Easyjet has said that the post-Brexit slump in the pound saw the company’s costs soar £40 million. Carolyn McCall said that the drop in the value of the pound had sent prices for fuel soaring as the firm pays for its fuel in US dollars, whilst...
Gambling companies Rank Group and 888 have both put in a merger offer for rival William Hill. The UK betting business said it would "listen to and consider" any proposal, however it wasn’t made clear that combining all three companies would "deliver superior value", whilst Rank and 888 said they saw...
The former owner of BHS, Sir Philip Green, has been slammed by MPs who have called for his knighthood to be stripped from him following a new report cataloguing the “litany of failure” that surrounded the sale of the company. The report by the Commons Work and Pensions and Business committee...
Supermarket Sainsbury’s has said that its pledge to trial same-day delivery in areas on London and Surrey will create 900 jobs. The company said that it will begin recruiting for 470 staff for its first ‘dark store’ in Bromley-by-Bow which is expected to fulfil 25,000 orders a week and to employ...
The investigation into Sports Direct has widened to include all of the company’s 13,000 retail workers, according to reports. Last month, the group’s founder Mike Ashley admitted to a Parliamentary inquiry that workers at its Derbyshire warehouse were paid below the minimum wage and that the company had been fining employees...
It has been revealed that JYSK, the furniture retailer will be opening its first store in Malta, its 42nd country. Situated in the city Lija, between the capital Valletta and the city of Mosta, the store will be tailored for its 400,000 residents. Franchise director at JYSK, Frederik Kroun, said: “Malta is...
At its AGM, AO World, the online electricals retailer, revealed that in the first quarter of its financial year the company was doing well. Figures show that UK revenue increased 25%, whilst AO UK branded sales rose 29% year-on-year from 1st April to 30th June. The company added that progress in...
Retail marketing agency Live & Breathe has released a survey which shows that the majority of UK shoppers will not change their spending habits, despite the current economic uncertainty following the UK’s decision to leave the EU. The study of 1,000 people showed that 63% of customers planned to spend the...
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