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Tag: business

Restaurants are in ‘fight mode right now,’ Dunkin’ Brands CEO says

A Dunkin’ worker hands a coffee out of a drive-thru window wearing gloves and a mask as the Coronavirus continues to spread on March 17, 2020 in Norwell, Massachusetts. MediaNews Group | Boston Herald | Getty Images When the pandemic hit the U.S., shuttering restaurants large and small around the country, Dunkin’ Brands leaned into …

Restaurants are in ‘fight mode right now,’ Dunkin’ Brands CEO saysRead More

‘Simple modern, discount shopping’: the Argos catalogue through the years – in pictures | Business

The retail mainstay has been retired after 47 years. We look back at those classic – and not exactly classic – covers Guardian staff Main image: Montage of Argos catalogue covers. Composite: by MF Thu 30 Jul 2020 14.40 BST First published on Thu 30 Jul 2020 13.05 BST Source link

Chipotle Mexican Grill (CMG) Q2 2020 earnings top estimates

An employee prepares a burrito bowl at a Chipotle Mexican Grill Inc. restaurant in Louisville, Kentucky. Luke Sharrett | Bloomberg | Getty Images Chipotle Mexican Grill on Wednesday reported quarterly adjusted earnings that were down 90% from the year-ago period as dining room closures hit business and dented operating margins. But many customers moved to order …

Chipotle Mexican Grill (CMG) Q2 2020 earnings top estimatesRead More

Fear of Pizza Express closures as chain faces takeover by bondholders | Business

Pizza Express is set to be taken over by its bondholders, with the possibility of restaurant closures as the high street chain struggles with the loss of revenues during the coronavirus pandemic. The chain’s Chinese owner, Hony Capital, could lose control of the company as part of a debt-for-equity swap. A group of investors in …

Fear of Pizza Express closures as chain faces takeover by bondholders | BusinessRead More

May I have a word about… why it’s a bloodbath on the streets | Jonathan Bouquet | From the Observer

I’ve already had cause to deplore the more purple-inked brethren of my trade for their hyperbolic use of the word carnage (which sadly shows no signs of abating – witness the following recent examples: “Carnage as cuts begin at HSBC in Paris”; “Leicester residents defy lockdown to cause ‘carnage’ in nearby town”), but now they …

May I have a word about… why it’s a bloodbath on the streets | Jonathan Bouquet | From the ObserverRead More

Boohoo shareholder sells off shares in firm worth nearly £80m | Business

One of Boohoo’s largest shareholders has sold off more than half its stake in the online fashion retailer, saying its response to reports of poor working conditions in its supply chain had been inadequate. Aberdeen Standard Investments sold off 27m shares this week, worth nearly £80m at Thursday’s closing price, as it said recent events …

Boohoo shareholder sells off shares in firm worth nearly £80m | BusinessRead More

Second administrator to scrutinise Laura Ashley collapse | Business

The pensions rescue service has forced the appointment of a second administrator to scrutinise the finances of Laura Ashley prior to its collapse into administration in March. The new administrator, FRP Advisory, is also likely to investigate the role of the fashion chain’s former directors, including the chairman and chief executive Ng Kwan Cheong, who …

Second administrator to scrutinise Laura Ashley collapse | BusinessRead More

Boots and John Lewis to cut 5,300 jobs and close stores | Business

Boots and John Lewis have announced plans to cut 5,300 jobs and close stores on another bleak day for the UK high street. Boots is cutting 4,000 jobs – or 7% of its workforce – by closing 48 opticians outlets and reducing staff at its head office in Nottingham as well as some management and …

Boots and John Lewis to cut 5,300 jobs and close stores | BusinessRead More