Italian spirits group Campari has agreed to buy French cognac brand Grand Marnier for EU684 million. In a statement, the world’s sixth-largest spirit company said that the acquisition “perfectly” fitted with its growth strategy and it is expected to position the larger group well to take advantage of the resurgent interest...
The British Retail Consortium has warned the Chancellor that the “economic health of our nation is intrinsicly locked into the vibrancy of the retail industry” ahead of the budget this morning. In an open letter to George Osbourne, chief executive of the BRC Helen Dickinson said that, just as the retailer...
Shares in online grocer Ocado were up this morning after the company announced that it had maintained double digit sales growth and shipped 250,000 orders in a single week for the first time. In the 12 weeks to February 21st, Ocado saw average orders per week grow 16.9%, leading to...
Supermarket group Sainsbury’s has seen the first quarter of positive like-for-like sales growth in over two years, with total sales excluding fuel rising 1.2% and like-for-like sales up 0.1%. Although chief executive Mike Coupe emphasised that the market would “remain competitive” as food deflation continues to impact sales growth, he added...
Cosmetics giant Avon is to move its head office from the US to Britain for the first time in its 130-year history following the anticipated sale of its North American business. The company will maintain its listing on the New York Stock Exchange as well as its operations in Suffern...
French-Swedish men’s sportswear brand Ron Dorff, has announced that it is to debut in the UK in early April by opening a store in London’s Seven Dials. With its flagship store in Paris, the brand also sells online to more than 50 countries around the world and is present in over...
It has been reported that French Connection saw a disappointing first half trade, which has seen its losses broaden in the year to 31st January, despite sales improving in the second half of the year. Figures show that the company reported an underlying operating loss of £4.7 million in comparison to...
Sports Direct boss Mike Ashley has invited MPs and the media to visit the company’s head office to observe its business practices with particular regards to its treatment of staff. The move comes after Mr Ashley failed to appear before a business select committee on working conditions at the company’s warehouse. Labour...
Ikea has seen record revenues and profits at its Dublin store in the past year, fuelling the case for growth throughout Ireland. “We are pleased to report positive growth in the Ikea Dublin store in financial year 2015,” said store manager Marsha Smith. “Ikea is committed to expanding in the Irish market...
Clothing chain Uniqlo is preparing to re-open its Oxford Street flagship store later this week, backed by an advertising campaign aimed at a youth audience. The campaign, titled ‘This Way to Utopia’ features a film series of contemporary dancers performing in a variety of London backdrops. It also includes partnerships with...
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