Zara’s parent company, Inditex, has seen first-half sales rise 5.6%, with a 10% increase in sales for the start of the third quarter.The company, which owns more than 6,400 stores over its Zara, Massimo Dutti and Pull & Bear outlets did see net income drop in the period, but not...
The founder of Phones 4U, John Caudwell, has blamed the collapse of the company on the “ruthless actions” of mobile phone networks Vodafone, EE and O2.The retailer, which went into administration on Monday, has appointed PwC to oversee the administration process which puts 5,596 jobs at risk over approximately 700...
A group of major technology companies has called on the government to appoint “digital ministers” in its departments to ensure the UK is at the forefront of digital skills.TechUK - which represents more than 850 companies, has said that special Entrepreneurs' Visas would attract talent to the UK and making...
M&S has launched an online education course on business innovation in conjunction with Leeds University.The course is a ‘massive open online course’ or MOOC, a self-study online course more commonly associated with universities. The M&S course uses the Open University’s FutureLearn platform.MOOC courses do not charge but also do not...
Online fashion chain ASOS has said that a fire at its Barnsley warehouse in June cost it between £25 million and £30 million in lost sales.The fire in the warehouse, which held approximately 70% of the company’s stock and was its main distribution centre, is thought to have been started...
Apple has released a tool to remove a U2 album that it downloaded to its users’ devices automatically less than a week ago."Some customers asked for the ability to delete 'Songs of Innocence' from their library, so we set up itunes.com/soi-remove to let them easily do so. Any customer that...
Flash sale site MySale has announced that it has acquired 60% of Invitetobuy.dk in Demark, creating a partnership that will spearhead its European expansion. Terms of the transaction were not disclosed.Invitetobuy operates Denmark's leading online shopping club, providing over 150,000 members with exclusive access to well-known Danish and international brands...
Pilots at Air France have begun a week-long strike over a decision to transfer jobs to budget airline Transavia in order to save costs.The strike is expected to cost the airline up to Eu15 million a day.The airline said that it would not agree to union demands that the contracts...
Dutch brewery Heineken has rejected a takeover offer from its larger rival SABMiller, with the founding family vowing to keep it “an independent company".The Heineken family owns just over 50% of the brewer via the company Heineken Holding. SABMiller is the second-largest beer maker in the world, selling about 21...
Phone retailer Phones 4U is to be put into administration today, following a decision by the EE and Vodafone mobile networks not to renew their contracts with the chain.The move will put 5,596 jobs at risk across the company, which owns 550 stores."If mobile network operators decline to supply us,...
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