Frasers Group Boosts Boohoo Stake to Over 25%: Strategic Investment Continues
In a recent development, Mike Ashley's Frasers Group has increased its stake in Boohoo to over 25%, continuing its...
Monthly Archives: July 2024
Meati Foods: Pioneering Mycelium as a New Food Category
In a bold move to redefine the food industry, Meati Foods aims to establish mycelium as a distinct category,...
Ocado Raises £600m in Bonds to Extend Debt Maturity and Fund Tender Offer
In a recent announcement on the London Stock Exchange, Ocado has raised £600 million in bonds due for repayment...
Deckers Q1 Sales Boosted by Hoka and Ugg Brands
Global apparel and footwear brand Deckers reports a 22.1% increase in net sales to $825.3 million for Q1 ended...
Selfridges CEO Andrew Keith Steps Down, André Maeder to Take Over UK Responsibilities
Selfridges Group CEO Andrew Keith is stepping down to pursue new ventures, with current Selfridges Group CEO André Maeder...
Asda Struggles with Staff Confidence Amid Market Share Decline
In an Asda staff survey, only 47% of employees have confidence in the supermarket's long-term strategic plan, revealing concerns...
Skechers Reports Record Sales and Raises Full-Year Outlook Amid Mixed Results
Skechers reports strong earnings after a record first quarter with sales reaching $2.25 billion, up 12.5%. However, domestic DTC...
Frasers Group Restructures Digital Team, 45 Jobs at Risk Amid Profit Increase
Frasers Group, owner of Sports Direct, is restructuring its London-based digital team and relocating them to Shirebrook head office....
Axel Arigato Expands with Flagship Store in Covent Garden and Launches 10th Anniversary Capsule Collection
Swedish footwear brand Axel Arigato has opened a new flagship store in London's Covent Garden, marking their second location...
Walmart Partners with Denali to Reduce Food Waste in 1.4K Stores
In a recent survey, TrueCommerce explored insights from 150 business leaders on supply chain and business challenges. Zero Depack's...