Breaking News, World Updates & Headlines
Breaking News, World Updates & Headlines
US investment firm Gordon Brothers is ‘taking due care’ to consider if one of three bidders has enough fundsBusiness live – latest updatesPoundland’s owner has said it is “taking due care” to consider if one of three bidders had enough funds to ensure …
Read MoreCEO says ‘democratic approach’ has helped brand outperform tough market, with big rises in China and USBurberry has returned to profit as its back-to-basics strategy drove strong sales of the British brand’s coats, jackets and handbags over the summer….
Read MoreRetailer’s management to seek two-week extension of legal protection from creditors in high courtMPs have accused the owner of Poundland of extracting millions of pounds from the budget retailer when it was on a “knife-edge” as it seeks extra time to s…
Read MoreSupermarket’s move labelled ‘shortsighted’ by worker who calls upper management ‘woefully out of touch with reality’Aldi’s UK business is cutting hundreds of head office roles as part of a global effort to trim costs at the budget grocer.The retailer i…
Read MoreFarmers face big drop in production from extreme weather during this year’s super El Niño eventBanana producers in Latin America are calling for better pay to help cope with the impact of the climate crisis, as they face big drops in production resulti…
Read MoreStuart Machin hits out at Labour but welcomes expected UK-EU food deal as retailer reveals half-year resultsThe chief executive of Marks & Spencer has called John Healey’s first budget as chancellor a “whole lot of nothing” and bemoaned an “onslaug…
Read MoreBudget retailer and 12,000 jobs at risk after US owner fails to accept buyout offersMPs have called on the government to protect Poundland and other high street stores from “predatory capitalism” and asset-stripping.The fate of the retail chain and its…
Read MoreRetailer acquires robot-assisted warehouse and intends to have UK service up and running before end of 2027Primark is to begin making home deliveries by the end of next year as it aims to win new shoppers after a slide in profits.George Weston, the bos…
Read MoreDavid Potts to take over immediately as executive chair Allan Leighton steps back to non-executive strategic roleBusiness live – latest updatesAsda has appointed David Potts, the 69-year-old former boss of Morrisons, as its chief executive with immedia…
Read MoreMini Snow Balls’ maker Mondelēz is demanding vegan brand Moo Free remove its White Choccy Snowballs from shelvesToblerone owner sues British vegan chocolate brand over chunky shapeThe owner of Cadbury and Toblerone has demanded that a small vegan choco…
Read MoreOwner Gordon Brothers files notice of intent to begin process after rejecting management-backed rescue bidBusiness live – latest updatesThe shop workers’ union Usdaw has urged Poundland’s owners to reconsider a decision to prepare the budget chain for …
Read MoreCatherine’s Originals denies Mondelēz claims in London high court of ‘passing off’ and trademark infringement The owner of Toblerone is taking legal action against a tiny British vegan chocolate brand which it claims has been copying the Swiss chocolat…
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