UK Economy Partially Recovers in January, Still Lags Behind G7 Peers
In a surprising turn of events, the UK's monthly GDP increased by 0.3% in January, defying economists' predictions of...
Monthly Archives: March 2023
EG Group’s Revenues Surge 25% to $33.04bn Amidst Growth in Foodservice and Fuel Business
EG Group, owned by Asda's Issa brothers, reports a 25% increase in full-year revenues at $33.04bn (£22.5bn, driven by...
Boohoo’s Controversial Growth Plan Approved Despite Shareholder Concerns
Boohoo faces backlash from shareholders over a £175 million executive bonus plan despite narrow approval at its general meeting...
Prada Group Reports 21% Profit Increase to €4.2bn in FY22
Prada Group's 2022 revenues soared 21.3% to €4.2bn ($3.7bn), driven by retail sales and organic growth at top brands...
Mango Reports Record Turnover of €2.7bn in FY22 Amid Challenging Market Conditions
Mango shatters records with €2.7bn ($2.4bn) in sales, up 20.3% from last year and 13.2% higher than pre-pandemic levels....
Tesco Seeks New Chairman as John Allan Nears Departure
Tesco is reportedly searching for potential replacements for its long-time chairman John Allan, who will step down next year...
Hugo Boss Records Record Sales in FY22 Despite Global Challenges
Hugo Boss sets a new sales record at €3.7bn despite global challenges, thanks to its "CLAIM 5" strategy. The...
Adidas Profits Drop Amid Yeezy Split and Economic Challenges
Adidas reports a 1% drop in gross profit to £9.45 billion for fiscal year 2022, down from £9.54 billion...
Morrisons Reports £1.5bn Loss After CD&R Acquisition and Job Cuts
Morrisons, acquired by US private equity firm Clayton, Dubilier and Rice last year, has reported losses of £1.5bn, partly...
Puma Appoints New GM for Sportstyle Business Unit
In a recent announcement, Puma has appointed Lionel Telega as the new general manager of its largest business unit,...