Author: Dave Antrobus

Tesco is set to reintroduce its F&F clothing line online after a hiatus since 2018, using its website for sales.The digital relaunch is anticipated later this year, complementing Tesco’s existing online marketplace.Greg Bertrand, Tesco’s head of online for F&F, is overseeing this strategic move.Previously, F&F clothing was available on the Next online platform until earlier this year.The news follows the recent launch of F&F’s first homeware brand, expanding its product range.Tesco is gearing up to relaunch its F&F clothing range online, marking the first opportunity since 2018 for customers to purchase these products directly from Tesco’s website. This development represents…

LVMH has strategically acquired a 10% share in Double R, enhancing its influence in Moncler.The purchase aligns LVMH with Remo Ruffini’s investment company, Moncler’s largest shareholder.Double R’s stake in Moncler is set to increase to 18.5% within 18 months.LVMH gains the right to appoint board members in both Double R and Moncler.The partnership underlines Moncler’s vision for sustained growth and independence.LVMH has executed a strategic acquisition by purchasing a 10% stake in Double R, the investment vehicle led by Remo Ruffini, Moncler’s CEO. This decision underscores LVMH’s proactive approach to solidifying its presence in the thriving luxury market.The investment is…

Tesco introduces new security robots to combat in-store crime.The PID360 robots are developed by Deter Tech for security enhancement.Deployed in selected locations, these robots aid by monitoring store entrances.Previously used on construction sites, the robots now assist Tesco’s closed hours protection.This move aligns with broader efforts across the retail sector to improve security.Tesco, a leading retail giant in the UK, has announced the introduction of new security robots as a strategic measure to enhance security and reduce in-store crime. These innovative machines, identified as PID360 models, have been specifically developed by Deter Tech, a company known for its advancements in…

Tim Lee, CEO of Mindful Chef, joins Pip & Nut as a non-executive director at a pivotal time.Pip & Nut aims to capitalise on its position as the UK’s fastest growing nut butter brand by expanding into cereal bars.Lee brings experience from leading roles at Tesco and M&S, enhancing Pip & Nut’s board expertise.Founder Pippa Murray highlights Lee’s alignment with the brand’s ethical and sustainable values.Lee will support Pip & Nut’s growth through strategic frameworks over the next year.Tim Lee, the Chief Executive Officer of Mindful Chef, has been appointed to the board of Pip & Nut as a non-executive…

In a strategic move, Tesco is set to reintroduce its F&F clothing line online, six years after closing its non-food website.The F&F clothing range will be integrated into Tesco’s newly launched marketplace on Tesco.com, enhancing its digital presence.This initiative marks the first availability of F&F products on Tesco’s website since the closure of Tesco Direct in 2018.The relaunch is spearheaded by Greg Bertrand, head of online for F&F, aiming to modernise Tesco’s ecommerce offerings.Tesco remains discreet about specific plans but emphasises ongoing improvements in its online services.Tesco plans to reintroduce its F&F clothing line to the online market after a…

Asda introduces a new sustainable finance scheme, enhancing its existing supply chain finance with an ESG focus.Launching January 2025, the scheme incentivises over 250 suppliers to adopt better sustainability practices.Three-tier financing rates are available, dependent on the supplier’s disclosure of ESG performance data.Performance assessment is based on EcoVadis scoring, focusing on decarbonisation and social initiatives.Non-participating suppliers remain on current payment terms, continuing to receive payments within 14 days.Asda is set to launch a sustainability-linked enhancement to its Supply Chain Finance scheme in collaboration with HSBC UK, scheduled for January 2025. This initiative aims to promote sustainable practices among its suppliers…

Morrisons’ strategic focus on availability and loyalty has driven sales growth in the third quarter.The supermarket’s like-for-like sales increased by 2.9%, with total sales reaching £3.9 billion.Improved availability, aided by AI technology, and an expanded loyalty programme played crucial roles in performance.Morrisons is enhancing price competitiveness through strategic initiatives such as the Aldi and Lidl Price Match.A significant £331 million property deal with Song Capital aims to reduce Morrisons’ debt by over 40%.Morrisons reported a continuation of its positive sales momentum in the third quarter. Like-for-like sales saw a growth of 2.9% over the quarter ending 28 July, with total…

This summary highlights a recent statement by Harrods’ managing director Michael Ward concerning past allegations against Mohamed Al Fayed.Michael Ward, Harrods’ managing director, has apologised over the company’s past shortcomings in protecting female employees from Mohamed Al Fayed.Despite public rumours, no formal allegations of misconduct by Al Fayed were made to Ward during his tenure.Harrods has initiated a support mechanism for potential victims seeking compensation without prolonged legal procedures.A review into whether current staff were complicit in any abuse during Al Fayed’s ownership is underway.Michael Ward, the managing director of Harrods, has openly addressed the serious allegations of sexual misconduct…

Waitrose’s vineyards and orchards have achieved Regenified’s regenerative agriculture certification.The certification was granted to Waitrose’s Leckford Estate in Hampshire for sustainable practices.This achievement represents a significant milestone in Waitrose’s commitment to environmental stewardship.The initiative supports the creation of a Centre of Excellence for regenerative agriculture.Waitrose’s efforts highlight the potential for broader adoption of sustainable practices across the sector.Waitrose’s Leckford Estate in Hampshire has received regenerative agriculture certification from Regenified, a global verification body. This certification applies to the estate’s vineyards and orchards, recognising its efforts in environmentally sustainable farming. Such a certification is groundbreaking, marking the first vineyard and orchard…

Morrisons has undertaken strategic initiatives to alleviate its debt of 41% through a significant property transaction.The supermarket chain entered an agreement with Song Capital, involving 75 stores for a duration of 45 years.Morrisons retains ownership of store freeholds, ensuring control over its retail estate remains largely freehold.The transaction aligns with previous moves to reduce debt, like the sale of petrol forecourts to Motor Fuel Group.Following the acquisition by CD&R, Morrisons is implementing transformation plans under new leadership to regain stability.Morrisons has taken a definitive step towards reducing its debt by 41% through a substantial property transaction, valued at £331 million.…