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Tag: faces

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

Arcadia Group cancels ‘over £100m’ of orders as garment industry faces ruin | Global development

The Arcadia Group, which owns brands including Topshop, Dorothy Perkins and Miss Selfridge, is estimated to have cancelled in excess of £100m of existing clothing orders worldwide from suppliers in some of the world’s poorest countries as the global garment sector faces ruin. According to data from the Bangladesh Garments and Manufacturing Association (BGMEA), the …

Arcadia Group cancels ‘over £100m’ of orders as garment industry faces ruin | Global developmentRead More

Packaging industry faces disruption in supply chain, labour shortage

The packaging material industry is operating much below its installed capacity as it faces issues in supply lines and shortage of manpower due to the lockdown, according to industry officials. According to leading packaging industry players such as Uflex and Cosmo Films, though the government has allowed the companies operating in the food and Pharma …

Packaging industry faces disruption in supply chain, labour shortageRead More

Bangladesh garment sector faces growing order cancellations

More than $2.6 billion worth of orders in Bangladesh’s garment sector have been withdrawn and new cancellations are coming up, according to the country’s commerce minister.  Garments are a major source of export for the South Asian country as retail brands abroad source for apparel from Bangladeshi factories. But the coronavirus pandemic has led to …

Bangladesh garment sector faces growing order cancellationsRead More

Flipkart faces probe for misuse of market dominance, Retail News, ET Retail

BENGALURU: The National Company Law Appellate Tribunal (NCLAT) has directed the Competition Commission of India (CCI) to start investigating e-commerce firm Flipkart for alleged misuse of its dominant position in the market. The order is based on an appeal for a probe filed in 2018 by the All India Online Vendors’ Association (AIOVA), which represents …

Flipkart faces probe for misuse of market dominance, Retail News, ET RetailRead More

Intu the unknown: retail landlord faces up to a fundamental threat | Business

On a midweek evening before the first payday after Christmas, the Lakeside shopping centre in Essex is buzzing with couples, teens and families with their children. They are browsing the shops, but not everyone is buying. Becky lives not far from the centre in east London and is visiting with her three-year-old daughter and sister …

Intu the unknown: retail landlord faces up to a fundamental threat | BusinessRead More

Grieving mother faces shock £24,000 John Lewis card bill | Money

My 80-year-old mother has received an inexplicable credit card bill for nearly £24,000. She acquired a John Lewis Partnership card in 2016 with a credit limit of £3,000. In 2017 she set up a direct debit to pay the bills and received monthly statements to show the balance was cleared. In August 2019 her card …

Grieving mother faces shock £24,000 John Lewis card bill | MoneyRead More

Wawa faces fresh fallout from security breach

Criminals may be trying to sell hacked payment card data from Wawa customers. The convenience store retailer has received reports of illegal attempts to sell some customer payment card information potentially involved in a data breach it announced on Dec. 19, 2019. At that time, Wawa said it was notifying potentially impacted individuals about a …

Wawa faces fresh fallout from security breachRead More

Takeaway.com’s Just Eat takeover deal faces UK competition probe

A food delivery courier working for Just Eat in London. Simon Dawson | Bloomberg | Getty Images Takeaway.com’s £6.2 billion ($8.1 billion) takeover of rival food delivery firm Just Eat has been delayed after the U.K.’s antitrust regulator launched an initial probe into the deal. The Competition and Markets Authority (CMA) said on Friday that …

Takeaway.com’s Just Eat takeover deal faces UK competition probeRead More

Jeff Bezos heads to India as Amazon faces regulatory probes, protests

Jeff Bezos, founder and chief executive officer of Amazon.com Inc., speaks at the National Press Club in Washington, D.C., on Thursday, Sept. 19, 2019. Andrew Harrer | Bloomberg | Getty Images Amazon CEO Jeff Bezos will face a wave of protests from small business owners when he travels to India this week. Bezos will appear …

Jeff Bezos heads to India as Amazon faces regulatory probes, protestsRead More