Food
It looks like the long-running takeover battle between two American investors for British supermarket group Morrisons will finally be decided through a seldom-used auction process.
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Fashion
American fashion group Guess has recovered well from the corona crisis. In the second quarter, sales returned to close to pre-pandemic levels, while profits ended significantly higher.
General
In the first months of its financial year, Marks & Spencer once again saw a sharp increase in food and clothing sales. The British retailer is raising its profit forecast for the full year.
Russian discounter Mere has opened its first British store in Preston, in Northern England. Next month, the chain plans to expand to Belgium as well.
German shoe giant Deichmann has the ambition to become the market leader in family footwear in the United Kingdom. To achieve that, it wants to double its current number of 109 British stores.
Glebe Farm Foods, a family-owned business from Cambridgeshire, has won a lawsuit against Swedish oat milk producer Oatly. The latter had accused the British farm of trademark infringement, but a High Court judge disagreed.
Infarm, the world's fastest-growing urban farming company, is constructing a massive new production facility that will supply herbs and leafy vegetables to retailers in Greater London.
The concept of a "war for talent" is mainly associated with the competition between companies when recruiting engineers and other technical profiles. In the UK, an actual "war for drivers" has erupted, with more and more retailers offering all kinds of financial incentives to attract new truck drivers.
After receiving an unsolicited takeover bid for its British department store chain Selfridges, the Canadian Weston family is now trying to entice other interested parties to come forward through an auction.
The chances of an actual bidding war on British supermarket chain Morrisons have been reduced significantly, after one of the interested parties said it would not bid on its own.
The John Lewis Partnership, the owner of the John Lewis department store chain and Waitrose, is cutting around a thousand jobs as part of a reorganisation of its store management.
What can a retailer do to compensate for dwindling retail revenue? John Lewis, owner of British department store chain Waitrose, is considering to build up to 10,000 homes. The rent should help to keep the group revenue on par.
Gap is to permanently close all 81 stores in the UK and Ireland. The American fashion brand will remain active online.
HEMA wants to concentrate on its core markets and has therefore decided to close all six shops in the United Kingdom at the end of the summer. A decision on Spain may follow soon.
In the autumn, an initial trial of a new eco-label will take place in the United Kingdom. The new labelling system, which is inspired by the colours of traffic lights, may also form the basis for a European eco-score.
According to a British appeals court, Deliveroo meal delivery riders in the UK are independent contractors, not employees. But with that, the discussion about gig workers’ rights is not quite over.
