Author: Scott Dylan

Jigsaw has significantly expanded its footprint in Ireland by partnering with the esteemed department store, Brown Thomas.Jigsaw is now available in Brown Thomas concessions in Limerick and Blanchardstown, as well as online.The collaboration aligns both brands’ commitment to quality and premium retail experiences.Jigsaw’s parent company, Mountain Berg, has seen a notable increase in profits and sales.This partnership marks a turnaround for Jigsaw amidst challenges in the mid-market fashion sector.Jigsaw, the prominent fashion retailer, has strengthened its presence in Ireland through a strategic partnership with Brown Thomas. This collaboration allows Jigsaw to offer its products in the Limerick and Blanchardstown Brown…

Phoenix Digital Assets, a London-listed crypto investor, forecasts an incoming bull market after reporting significant profit growth.In the first half of the year, the company sold over £60m in digital assets, resulting in a £18.7m pre-tax profit.The firm returned £33.7m through a share tender offer, citing a prudent investment strategy amid the 2022/23 crypto winter.Executive Chairman Jonathan Bixby expressed confidence in the re-aligned portfolio, anticipating market strength through 2025.Bitcoin’s resurgence, rising to $70k by 2024, reinforces Phoenix Digital’s optimistic outlook on the crypto sector’s future.Phoenix Digital Assets, a prominent figure in the cryptocurrency investment landscape, has highlighted its optimistic expectations…

Cosmetics retailer Lush has decided to end its main charitable giving scheme, a decision set to take effect by the month’s end. The announcement follows financial challenges faced by the company, but it does not mark the end of its dedication to philanthropy.Over the years, Lush has significantly contributed to various causes through its Charity Pot initiative. The company now seeks to explore new ways to continue its support for charitable efforts.Announcement and Financial ContextCosmetics retailer Lush has announced it will end its primary charitable giving stream by the end of the month. This decision follows a pre-tax loss of…

In a remarkable financial turn of events, a prominent French billionaire has experienced a surprising surge in wealth. The latest economic measures introduced by China have played a significant role in this financial upturn.Significant Wealth IncreaseThe billionaire owner of a French luxury conglomerate has seen his wealth increase by $17 billion in a single day following China’s announcement of fresh economic stimuli. These moves have been described as the much-needed ‘bazookas’ to rejuvenate economic confidence.Bernard Arnault, chairman of LVMH, was among the biggest beneficiaries. The company saw its shares rally by nearly 10% in Paris on renewed hopes that the…

At the recent 2024 Global Search Awards, RugbyPass was named the winner of two prestigious awards for their exemplary work during the 2023 Rugby World Cup.The awards, ‘Best Use of Content Marketing’ and ‘Best Use of PR,’ highlight the innovative approaches RugbyPass utilised to engage and captivate their audience.Celebrating SuccessIn a significant achievement at the 2024 Global Search Awards, RugbyPass, in collaboration with their digital agency partner, Another Concept, has been acknowledged with two prestigious awards. Their efforts during the 2023 Rugby World Cup were the central focus of their award-winning campaigns.The awards, ‘Best Use of Content Marketing’ and ‘Best…

Tesco has broadened its collaboration with The Trade Desk, leveraging Clubcard data to enhance advertising strategies.The expansion offers retailers and advertisers improved control and optimisation of their campaigns through anonymised audience segments.Tesco’s first-party Clubcard data will be utilised, moving away from reliance on third-party cookies.Despite third-party cookies not being deprecated on Chrome, Tesco focuses on stringent privacy controls.Tesco’s new partnership with GroupM aims to drive data-led innovations across retail media.Tesco has announced the expansion of its retail media partnership with The Trade Desk, a move that allows brands to access Clubcard data for targeted advertising. This development enhances the capabilities…

Cranswick has reported stronger than expected trading results for the first half of the financial year. The UK-based meat producer has recorded significant volume growth in its core business areas, leading to an optimistic profit forecast.With continuous expansion and strategic investments, Cranswick aims to maintain and capitalise on this growth momentum. The company’s leadership anticipates that the current financial year will yield profits at the higher end of market expectations.Strong Trading in First HalfStronger than expected trading in the first half of the financial year has prompted Cranswick to issue an optimistic profit forecast. The UK-based meat producer, known for…

Amazon UK has paid corporation tax for the first time in four years.The end of a “super-deduction” tax break led to this tax payment.Amazon UK Services paid £18.7 million in taxes on £27 billion sales.Amazon’s direct taxes amounted to £932 million, roughly 3.45% of revenues.The company ranks in the top 10 UK taxpayers and heavily invests in the UK.Amazon UK has recently settled corporation tax responsibilities after a four-year hiatus, marking a significant fiscal development influenced by the cessation of the ‘super-deduction’ tax break. This tax incentive, introduced by Rishi Sunak, had previously allowed corporations substantial relief on their investments,…

Tesco is preparing to relaunch its F&F clothing range online, a move long-anticipated since the closure of its non-food website in 2018.The relaunch is expected to take place later this year, integrating F&F with Tesco’s new marketplace.Greg Bertrand, Tesco’s head of Woosh, has been appointed to oversee the online reintroduction of the F&F fashion line.This development marks the first opportunity for consumers to shop F&F fashion directly from Tesco’s online platform since 2018.Tesco previously offered F&F clothing via the Next website after withdrawing from its own online non-food market.Tesco is making strides to bring its F&F clothing line back to…

Quorn’s parent company, Marlow Foods, has reported a substantial loss of £63 million. This alarming financial result highlights the growing challenges faced by the plant-based food industry.Despite the company’s efforts to minimise price increases and maintain affordability, the decline in demand for plant-based products, coupled with inflation and rising costs, has led to significant financial strain.Sales Decline and Job CutsSales for Marlow Foods fell by 6.9% to £205 million in the last financial year, prompting the company to shed nearly 100 jobs. This restructuring move reflects the broader decline in the popularity of veganism within the UK.Quorn’s retail sales dropped…