Author: Scott Dylan

A recent report by the Office for National Statistics (ONS) highlights a significant surge in shoplifting incidents, marking a 20-year high.Shoplifting offences rose by 30% in the year ending March 2024, compared to the previous year, totalling 443,995 incidents.The report attributes the increase largely to shoplifting and theft from individuals, with daily thefts averaging 1,216.A retailer expressed frustration over the inevitability and emotional toll of shoplifting, and the financial burden of preventative measures.A 2023 survey revealed significant growth in business-targeted crimes, indicating a rise in theft affecting 26% of wholesale and retail businesses.The Office for National Statistics (ONS) has reported…

The renowned Spanish fashion brand, Bershka, has officially reopened its flagship store located on Oxford Street, London.The store covers a substantial area of 13,401 square feet across three floors, showcasing the brand’s diverse collections.Bershka’s redesign seeks to harmonise with the building’s architectural character, integrating brutalist design elements.Innovative modular displays and neutral palettes are employed to accentuate the fashion collections on offer.An intriguing art installation by Ezra Miller further enhances the retail experience, connecting two of the store’s floors.The Spanish fashion brand Bershka, owned by Inditex, has unveiled its redesigned flagship store on Oxford Street, London. This development aligns with Bershka’s…

Kering reports an 11% sales decline in the first half of 2024, attributed to market challenges.Gucci experiences an 18% revenue drop in the first half of 2024, with a significant impact in Asia-Pacific.Operating income for Kering falls by 42%, with further potential declines predicted in the latter half of the year.Saint Laurent sees a 9% decrease in sales, while Bottega Veneta’s wholesale revenue decreases by 19%.CEO François-Henri Pinault commits to strategic investments for future growth amid a difficult market environment.Kering has reported an 11% decline in sales during the first half of 2024, facing a challenging market environment that has…

Anglo American has reported a major financial setback, announcing a $1.6 billion impairment following the decision to slow down operations at the Woodsmith Mine. The strategic move to defer the project aligns with efforts to enhance financial stability after rejecting a takeover bid from BHP. This impairment is part of a broader restructuring initiative.The decision to decelerate construction activities at North Yorkshire’s Woodsmith Mine has markedly impacted Anglo American’s financial results. The mining giant has incurred a $1.6 billion impairment, contributing to a loss of $700 million attributable to its equity shareholders. This financial shift is largely due to deferred…

Esh Group, one of North East’s leading construction firms, announces a record £1.6bn order book.This achievement not only reflects the firm’s robust market strategies but also its readiness to meet rising industry demands.North East’s Esh Group is projecting optimism with a robust £1.6bn order book. This significant pipeline is attributed to increased demand across its diverse divisions including civil engineering and affordable housing.The company has strategically positioned itself to engage with low-risk sectors. Esh Group’s tactical focus has secured extensive projects with local authorities and environmental firms, ensuring long-term growth sustainability.A pivotal aspect of Esh Group’s strategy is their engagement…

Sergio Rossi has appointed Paul Andrew as its new creative director, anticipating a fresh vision for the brand.Berkshire-born Andrew studied design at Berkshire College of Art and Design and debuted his collection in London in 1999.Andrew’s track record includes a prestigious award from the CFDA and Vogue Fashion Fund in 2014.He joined Ferragamo in 2016 and advanced to overseeing all product categories by 2019.Andrew left Ferragamo in 2022 to relaunch his own brand, now assuming a pivotal role at Sergio Rossi.Sergio Rossi, the esteemed Italian luxury footwear and accessories brand, has announced the appointment of Paul Andrew as its new…

LVMH, the French luxury conglomerate, reported a 1% decrease in revenues for the first half of 2024, highlighting a luxury market slowdown.The group’s profit from recurring operations fell by 8%, amounting to €10.6bn, with net profits decreasing by 14% to €7.3bn.Despite growth in Europe and the US, LVMH faced challenges in the Chinese market, although Japan showed strong performance.Fashion, leather goods, perfumes, and selective retailing saw marginal organic growth, while watches and jewellery sectors declined.Bernard Arnault, LVMH CEO, attributes resilience to brand strength and strategy amid economic uncertainty and remains optimistic.LVMH, a leading name in the luxury industry, experienced a…

Shield Therapeutics has undergone a significant leadership change, marking a new chapter for the company. Greg Madison, who led the firm for three impactful years, has stepped down as CEO.Madison’s tenure at Shield Therapeutics was marked by strategic developments, most notably the expansion into the US market through a partnership with Viatris. This leadership change comes at a time of notable growth for the company.Shield Therapeutics has announced a pivotal leadership change. Greg Madison, who has been at the helm for three years, has stepped down as CEO. His tenure saw significant developments, notably the expansion into the US market…

Block, a prominent co-working provider, is set to expand its footprint to the heart of Bristol with an innovative workspace project.Located in the Fairfax Building, the new venture promises to offer a dynamic environment designed to cater to the evolving needs of modern professionals.Strategic Location in BristolBlock’s decision to establish a new base in Bristol’s bustling city centre is strategic. The Fairfax Building, situated off Wine Street by Castle Park, will host this new co-working space. With plans to transform four floors, Block aims to provide a vibrant community atmosphere complemented by outdoor terraces. This initiative aligns with the rapid…

Abode Residencies plans to repurpose a 120-year-old bank in Alderley Edge into innovative offices. With Together lending support, the project seeks to balance modern efficiency with historical charm.The building, once the Union Bank, aims for a July completion, heralding a new era for Abode’s headquarters. It combines boutique aesthetics and modern functionality.Transforming a Historical LandmarkAbode Residencies, a specialist in student accommodation, is set to transform the former Barclays Bank in Alderley Edge into its new headquarters. With backing from Together, Abode plans to secure planning permission for this conversion. The project aims to develop high-tech, energy-efficient offices within the historic…