Zalando Acquires Majority Stake in Highsnobiety for Strategic Collaboration
Zalando, a leading e-commerce platform, has acquired a majority stake in Highsnobiety, a global fashion and lifestyle media brand....
Monthly Archives: June 2022
UK Unemployment Rate Nears 50-Year Low, Job Vacancies at Record High
Unemployment in the UK hits a 50-year low at 3.8%, with job vacancies reaching a record high of 1.3...
WFH Impact on High Streets: Permanent Damage Fears
UK high streets face "permanent scarring" due to remote work, according to Springboard's Diane Wehrle. Footfall remains below pre-pandemic...
Online Retail Sales Decline in May Amid Economic Challenges
In a recent report by IMRG Capgemini Online Retail Index, online retail sales declined -8.7% year-on-year in May 2022...
IKKS Paris Expands to UK with Two Stores in London
French fashion brand IKKS Paris expands to London with two new stores, one at 3 Carnaby Street and another...
Lidl Introduces ‘Good to Give’ Trustmark and Fund to Support Food Banks Amid Cost of Living Crisis
Lidl GB has introduced a 'Good to Give' trustmark to diversify and increase food donations in Great Britain, addressing...
Matalan Lenders Seek Advisors Amidst Economic Uncertainty and Tax Dispute
In the face of economic uncertainty, Matalan's lenders are reportedly preparing for talks about the retailer's future financing. Senior...
Morrisons Becomes Highest Paying UK Supermarket with £10.20 Minimum Hourly Wage
Lead: Morrisons becomes the UK's highest-paying supermarket, raising its minimum hourly wage to £10.20 for store employees and offering...
CD&R Seeks £600m Warehouse Sale for Morrisons Assets
In a major development, Clayton Dubilier and Rice (CD&R), the private equity owner of Morrisons, is reportedly seeking a...
Deckers Brands Appoints Angela Ogbechie as Chief Supply Chain Officer
In a major shakeup at Deckers Brands, Angela Ogbechie has been promoted to Chief Supply Chain Officer, effective June...