Author: Scott Dylan

Gymshark is embarking on a significant retail expansion by opening four new stores in the coming year.A pop-up store will debut at Bicester Village next month, operating until January.In early 2025, London will welcome Gymshark’s third permanent store at Westfield White City.Spring will see Gymshark’s first mainland European store opening on Amsterdam’s Kalverstraat.Manchester’s Trafford Centre is set to host a new Gymshark location next summer.Gymshark is setting the stage for a major expansion in its physical retail footprint by announcing the opening of four new stores over the next 12 months. This expansion marks a significant step in the brand’s…

The directors of Stockport-based SJM, known for their involvement in the contentious promotion of Oasis’ reunion tour, have enjoyed a significant financial windfall. The six directors were collectively awarded a share of a £14.8m dividend for the company’s latest financial year.This payout marks a substantial increase from the £7.3m distributed in 2022, highlighting the company’s impressive financial performance amid an evolving entertainment landscape.Financial PerformanceThe recently submitted accounts to Companies House reveal a pre-tax profit of £15.3m for 2023, a slight decline from £17.7m in the previous year. However, the company’s turnover saw an increase, rising from £274.9m to £286.4m. These…

Frasers Group, owned by billionaire Mike Ashley, has offered £83 million for the remaining shares of Mulberry. The move comes in response to its alleged exclusion from a £10 million capital raise led by Mulberry’s majority shareholder, Challice. The retail giant holds a 37% stake in Mulberry and values each share at 130p, representing an 11% premium over the closing share price on 27 September. Frasers Group has until 28 October to finalise its intentions.Frasers Group’s Takeover BidFrasers Group, owned by Mike Ashley, has proposed an £83 million takeover bid for Mulberry, criticising its board after allegedly being excluded from…

Shares in Stellantis have taken a significant hit following the carmaker’s recent profit warning. The company’s revised forecasts have unnerved investors, leading to a nearly 14% drop in its share price in Milan.Profit Warning Triggers Share PlungeStellantis, the parent company of major brands such as Chrysler, Ram Trucks, and Jeep, recently announced a substantial reduction in its profitability and cash flow forecasts for the year. This announcement has come as a shock to the market, resulting in a significant 14% drop in the company’s share price. The Italian-American carmaker has attributed this revision to weaker global sales and heightened competition…

Frasers Group has launched an acquisition bid valued at £83m for Mulberry, highlighting concerns over engagement and transparency.Mulberry recently announced a fundraising plan, seeking £10m through new shares issuance, raising eyebrows at Frasers Group.Frasers, owning 37% of Mulberry, was uninformed about the said fundraising efforts until shortly before the public announcement.Offering 130p a share, Frasers’ bid is a 30% premium on Mulberry’s new retail offer price, and a 11% increase over the recent share price.Mulberry faces financial hurdles, reporting a significant loss of £34.1m, urging stakeholders to reassess its operational strategy.Frasers Group has made a strategic move by launching an…

Drapers is inviting subscriber feedback to improve its offerings.Subscribers are encouraged to share their opinions on current content.Suggestions for both enjoyable and less desirable content are welcome.The aim is to enhance the subscriber experience through this initiative.Active participation can shape future editorial direction.Drapers, a prominent voice in the fashion retail industry, is reaching out to its loyal subscriber base for insights on enhancing its editorial offerings. By seeking feedback, Drapers aims to tailor its content more effectively to meet the evolving needs of its readers.Subscribers are encouraged to share their preferences regarding the current content. This initiative provides an opportunity…

We spend roughly a third of our lives sleeping, but consider what may be lurking in your mattress. Dust mites, dead skin cells, sweat, and other allergens accumulate over time, and without regular cleaning, you are sharing your bed with much more than just pillows and sheets.This accumulation can lead to allergies, skin irritation, and breathing difficulties, particularly for individuals with asthma or sensitive skin. Thus, investing in a reliable mattress vacuum cleaner is essential for maintaining a clean and healthy sleeping environment.The Importance of Mattress HygieneCleaning floors, clothes, and dishes is a routine task, yet your mattress, which you…

Time is running out to avert a significant work stoppage at key ports along the entire East and Gulf coasts. The impending strike could become one of the most disruptive events to the US economy in recent decades.Members of the International Longshoreman’s Association are set to initiate a strike at 12:01 a.m. ET Tuesday, affecting three dozen facilities across 14 port authorities. Signs of a potential resolution remain minimal.What could be in short supplyThe strike could impact a wide variety of goods, from bananas to European beer, wine, and liquor. Other items such as furniture, clothing, household goods, and European…

Henry Engelhardt, former chief executive and co-founder of a notable FTSE 100 company, and his wife Diane have acquired a minority stake in Seren, a restaurant and hotel group.The investment, made via their Wright Investments vehicle, is set to accelerate the refurbishment and expansion of Seren’s properties.Seren, managed by Neil and Zoe Kedward, is a family-run business renowned for its notable properties in Wales. The group’s portfolio includes the Grove of Narberth in Pembrokeshire and the Penmaenuchaf Hotel near Dolgellau, both celebrated for their unique ambience and excellent service.The Engelhardts’ investment will enable Seren to expedite the full refurbishment of…

The UK branch of Ab Inbev, known for producing popular beers, faced significant financial challenges in the last year. Despite increasing the prices of its key products, the company has not turned a pre-tax profit since 2020.In the recent financial year, Ab Inbev UK’s revenue increased from £1.59bn to £1.66bn. Despite this growth, the company reported a pre-tax loss of £72.1m, following losses of £89.5m in 2022 and £6.4m in 2021. The London-based division has not made a pre-tax profit since 2020, when it recorded a profit of £40.9m.A statement from Ab Inbev’s board highlighted the impact of the UK…