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Tag: UK news

‘Tesco could have gone under’: how Dave Lewis saved the firm from disaster | Business

When Dave Lewis took the helm of Tesco five years ago he whisked his 15 most senior managers off to a remote holiday cottage in Norfolk. There, the assembled executives were forced to step out of the executive bubble and get back to basics: shopping for food and cooking for themselves. It was the autumn …

‘Tesco could have gone under’: how Dave Lewis saved the firm from disaster | BusinessRead More

UK retailers demand Brexit deal after worst September on record | Business

Retailers have urged the government to secure a Brexit deal with the European Union after their latest health check of high street and online spending showed the worst September performance since the survey was launched in the mid-1990s. The British Retail Consortium – the trade body for stores and digital suppliers of consumer goods – …

UK retailers demand Brexit deal after worst September on record | BusinessRead More

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 …

Pizza Express lining up for painful debt restructuring | BusinessRead More

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 …

Links of London jewellery chain goes into administration | BusinessRead More

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 …

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

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 …

Workers exploited at farms supplying UK supermarkets: report | BusinessRead More

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