Reviving VAT-Free Shopping for Overseas Visitors: A Boost for London’s Luxury Industry?
Harrods' managing director Michael Ward urges the government to reintroduce VAT-free shopping for overseas tourists to boost luxury shopping...
Monthly Archives: May 2023
Watches of Switzerland Reports Record Revenues and Growth in FY23
Watches of Switzerland reports a record-breaking £1.5 billion in revenue for the year ending April 30th, with a 10%...
Mamas and Papas Embraces Sustainability with ‘Loved for Life’ Initiative
Mamas and Papas, a high street nursery retailer, has introduced its 'Loved for Life' initiative, offering sustainable services to...
Angling Direct Appoints New CFO Sam Copeman
In a recent announcement, Angling Direct, the leading fishing tackle retailer, has appointed Sam Copeman as their new group...
CMA Investigates Supermarket Competition Amid Rising Cost-of-Living Concerns
In response to growing cost-of-living pressures, the Competition and Markets Authority (CMA) plans to intensify its scrutiny of the...
Unemployment Rate Rises Amidst Health-Related Absences and Cautious Recruitment Approach
Unemployment in the UK rose to 3.9% during Q1 2023 as more people stopped working due to illness, according...
Boohoo’s Profits Plummet in FY22 Amid Inventory Optimization and US Expansion Plans
Boohoo's profits plummet 49% to £63.3m in 2022, with revenues down 11% compared to last year but up 3%...
ABG Nears Acquisition of Hunter Boots with £100m Valuation
American brand management company Authentic Brands Group is close to acquiring iconic footwear brand Hunter, according to Sky News....
Frasers Group Considers Selling Liam Gallagher’s Fashion Brand Pretty Green
In a recent development, Frasers Group is considering selling Liam Gallagher's fashion brand Pretty Green, which they acquired from...
Shoe Zone’s Profit Dips Despite Revenue Growth and Store Expansion
In a recent announcement, Shoe Zone revealed that its profit before tax has halved to £1.5 million for the...