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Tag: business

Pizza Express lining up for painful debt restructuring | Business

Pizza Express appears destined for a debt restructuring that could bruise its lenders, as sources with knowledge of the situation played down concerns it was in serious financial difficulty. The pizza chain is reportedly in early talks to refinance two tranches of borrowing worth a combined £665m, part of a debt pile that had reached …

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Links of London jewellery chain goes into administration | Business

Jewellery chain Links of London has collapsed into administration, putting up to 350 jobs at risk, in a new blow to the high street. The chain, which operates 35 stores and concessions in the UK and Ireland, had been seeking a buyer before being put into administration on Tuesday. Sports Direct owner, Mike Ashley, and …

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Chick-fil-A continues its international expansion with UK location

Chick-fil-A employees prepare chicken sandwiches for guests Michael Nagle | Bloomberg | Getty Images Chick-fil-A has come to the U.K. The chicken chain opened its first restaurant in the U.K. on Thursday, continuing its international expansion. “We can confirm that we opened a pilot-licensed location in the U.K. on Oct. 10 and we are pleased …

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We shouldn’t be too sceptical about rescue of Thomas Cook shops | Business

The package holiday market is dead and nobody under 40 goes to a travel agent, declared Michael O’Leary after the failure of Thomas Cook. So one must assume the Ryanair boss would diagnose an extreme case of naïvety at Hays Travel, the Sunderland-based, family-owned firm that has emerged as the surprise rescuer of 555 Thomas …

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Shoppers are buying less clothing because it’s not as fun as it used to be

A shopper looks at items on sale inside of a JC Penney store in New York. Lucas Jackson | Reuters The apparel market has “hit a ceiling” and is “going into structural decline,” according to a note from Morgan Stanley. The cause of it? Consumers have reached peak happiness with clothing purchases, wrote analyst Geoff …

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Workers exploited at farms supplying UK supermarkets: report | Business

Poor pay and punitive working conditions are common on farms and plantations that supply fresh fruit or tea to major UK supermarkets including Lidl, Aldi, Sainsbury’s, Tesco and Morrisons, according to new research published by a leading international charity. The report from Oxfam claims that the supermarkets’ “relentless” drive to maximise profits is fuelling poverty …

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Dallas Maverick’s player Boban Marjanovic partners with Big Blanket Co.

Dallas Mavericks center Boban Marjanovic (51) grabs a rebound between Oklahoma City Thunder center Steven Adams (12) and forward Danilo Gallinari (8) during the first quarter at BOK Center. Alonzo Adams | USA TODAY Sports Dallas Maverick Center Boban Marjanovic, one of the NBA’s tallest players at 7 feet 3 inches, is reuniting with a …

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HMV to open Europe’s biggest entertainment store in Birmingham | Business

The biggest music and movies store in Europe opens on Friday as the new Canadian owner of HMV takes the first step in a bold expansion plan he hopes will defy slumping sales of CDs and DVDs. The size of a supermarket and called HMV Vault, the Birmingham shop is stocking 80,000 CDs and 25,000 …

HMV to open Europe’s biggest entertainment store in Birmingham | BusinessRead More

Walmart promotes Sam’s Club head to run U.S. business

John Furner is taking the reins as president and CEO of Walmart U.S. effective Nov. 1. Furner will report directly to Walmart president and CEO Doug McMillon. Greg Foran, who has served as president and CEO of Walmart U.S. since 2014, is taking a role as CEO at Air New Zealand Limited. Foran will stay …

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Lululemon to exit its kids’ business

Get great content like this right in your inbox. Subscribe Lululemon will close its remaining Ivivva kids stores as it focuses its efforts on its expanding core and men’s businesses. The news was reported by CNBC, which said that the retailer will close the remaining seven freestanding Ivivva stores by the middle of next year. …

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