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-
Ocado shareholders revolt over CEO’s bonus share award of £14.8mn
via ft.comTim Steiner will get the payout if grocery group’s share price significantly improves by 2027 -
Hotel Chocolat eyes 20 stores in next 18 months
Hotel Chocolat is set to open 20 stores over the next 18 months as it continues to invest in bricks and mortar.
The new stores will open in out of town retail parks and feature its new concept format that better showcases the retailer’s extensive chocolate range.
Head of customer marketing Amy Harman told Retail Gazette’s Future Consumer Debate: “In store, we’re very much focused on opening up as much chocolate as we can.
“No one wants to go into a chocolate shop an -
Gucci focused on building ‘sound foundations’, Kering’s top executive says
via ft.comDeputy chief executive Francesca Bellettini tasked last year with turning around flagship brand -
Morrisons kicks off £1bn debt buyback plan
Morrisons has kicked off the process to reduce its debt load, following the £2.5bn sale of its petrol forecourts to Motor Fuel Group (MFG) last month.
The deal gave the supermarket chain a 20% minority stake in MFG and established commercial and supply agreements with the fuel group.
At the time, Morrisons said it intended to use the cash proceeds of £1.8bn to strengthen its structure and help to repay some of its mounting debt pile.
To reduce its debt, it has now started a proc -
Lush launches campaign spotlighting UK laws that threaten human rights
Lush has gone back to its activist roots with its new campaign that highlights the “plight” of human rights in the UK.
Working in partnership with charity EachOther, the cosmetics company is running the campaign across all of its 102 stores from 16 May until 2 June, based off a briefing paper produced by the human rights publication detailing what it described as “threats” to human rights in the UK.
The retailer has created a new shower powder, aka a “showder,&rdquo -
JD Sports prepares to hit one million loyalty members with big rewards
JD Sports is close to hitting one million members on its ‘JD Status’ loyalty programme just seven months after its launch.
As the milestone nears, the sporting retailer said it is “preparing to reward its loyal members and entice new enthusiasts” with a series of incentives.
JD Sports will “surprise” 400 existing members with rewards with one individual per UK store and 20 online shoppers set to receive £50 of ‘JD Cash’ in their loyalty walle -
M&S ‘upgrades’ 1,000 fresh food products after cutting use-by date length
M&S is “upgrading” 1,000 food products as it looks to stand out from rivals due to the quality of its fresh food.
The improvements follow on from the 1,000 upgrades implemented last year on its 5,000 strong food lines.
Examples of changes include adding more mayonnaise and butter to sandwiches and changing its bread recipe to prevent it from being too firm or too soft.
Use-by dates were also cut from three to two days last year, as M&S Food managing director Alex Freudmann to -
Is online shopping killing the High Street?
The digital age has fundamentally altered consumer behaviour and attitudes towards the selling process, and it is still reshaping the high street. The lockdown has accelerated... View Article -
Miniso ditches pink for blue at new Bluewater store
Miniso is ditching its signature pink branding as it prepares to open its first blue store inside Bluewater Shopping Centre in Kent.
The 2,000 sq ft store will feature the lifestyle retailer’s best-selling blind boxes and plushies, as well as its homewares and accessories ranges.
The retailer has switched its pink aesthetic for “enchanting baby blue hues” inspired by the popular Sanrio Cinnamoroll character.Subscribe to Retail Gazette for free
Sign up here to get the -
Sue Ryder: From Retailer of the Year to Grief Kind – An interview with Eddie and Bluebell on pride and progress
We talk to Eddie Hartley and Bluebell Valentine from Sue Ryder to learn more about the organisation’s journey to winning Retailer of the Year at the... View Article -
Shein approaches ex-chancellor Sajid Javid for role ahead of IPO
Shein has approached former chancellor of the exchequer Sajid Javid about taking a role as the fast fashion giant progresses with its plans to float on the London Stock Exchange.
According to Sky News, Javid is among several senior city figures who have been in discussions with the retailer’s executive chairman Donald Tang in recent weeks.
City sourced said that the move could result in Javid joining Shein’s board or become an adviser to the company.Subscribe to Retail Gazette for fr -
Medi Parry-Williams launches new venture in town and shopping centre regeneration
Medi Parry-Williams, who is based in Knutsford, Cheshire has launched her new business to support and reinvigorate our much-loved towns and shopping centres. Medi, who is... View Article -
Lightspeed integrates TheFork Manager for restaurants
Lightspeed Commerce the one-stop commerce platform empowering merchants to provide the best omnichannel experiences, announced today its integration with TheFork Manager, a renowned reservation management platform.... View Article -
British Land sells stake in Sheffield’s Meadowhall shopping centre for £360m
via theguardian.comNorway’s sovereign wealth fund to take full control of the largest shopping centre in YorkshireBusiness live – latest updatesThe property developer British Land has sold its 50% stake in the Meadowhall shopping centre in Sheffield to Norway’s sovereign wealth fund in a £360m deal, ending its holding in the site after 25 years.Norges Bank Investment Management will take full control of the shopping centre, the largest in Yorkshire. It already owned 50%, having first invest -
Brand Machine Group appoint Jonathan Tillery as CPO
Brand Machine Group announces the appointment of Jonathan Tillery as its new Chief Product Officer. In this pivotal role, Tillery will report directly to CEO Boo... View Article -
Zuber Issa to acquire EG’s UK arm as group returns to profit
Zuber Issa is set to acquire the UK arm of EG Group as the Issa brothers interests continue to unwind.
The deal, which excludes the Cooplands bakery, some Starbucks stores, and EG’s electric vehicle charging business Evpoint, is set to be finalised by the end of next month.
EG Group said: “We are currently engaged in active discussions with Zuber Issa and his advisers regarding the sale of the retained UK business…with a view to announcing a binding agreement in the second qua -
Miniso to launch first store in Kent
Miniso is to open its first store in Kent at the Bluewater shopping centre. In a switch from the brand’s signature pink aesthetic, the shop on... View Article -
British Land sells stake in Meadowhall shopping centre after 25 years
British Land has sold its holding in Meadowhall shopping centre after 25 years as the group shifts its focus to retail parks.
The property giant sold its 50% stake in the Sheffield-based centre to its joint venture partner Norges Bank Investment Management for £360m.
The sale to the bank, alongside its £7m sale of some land by the joint venture earlier in the year, values the shopping centre’s estate at £734m.
British Land said the transaction is due to complete in J -
Victorian Plumbing acquires Victoria Plum
Victorian Plumbing has acquired rival online bathroom retailer Victoria Plum for £22.5 million. The deal has been financed through cash reserves with the purchase price representing.0.5... View Article -
New Look invests £3.3m to upgrade Greater Manchester store estate
New Look is to invest £3.3m into upgrading and improving its stores in Greater Manchester as it strengthens its commitment to its bricks-and-mortar portfolio.
The fashion retailer will initially trial several initiatives in its 20 stores in the area over the next 12 months to create a blueprints for further improvements across the rest of its estate.
The initiatives include improving store layouts and designs, upgrading technology and offering enhanced training to colleagues.
New Look said -
New Look to invest £3.3 million in upgrading 20 stores in Greater Manchester
New Look is to invest £3.3 million in upgrading and improving its stores in Greater Manchester. The fashion retailer has announced that it will be trialling... View Article -
Knoops expands leadership team with appointment of chief marketing officer
Knoops, the fast-growing chocolate drinks retailer, has expanded its senior leadership team with the appointment of Romy Miller as chief marketing officer. Miller previously worked as... View Article -
Victorian Plumbing acquires Victoria Plum for £22.5m
Victorian Plumbing has acquired online only UK bathroom retailer Victoria Plum as it looks to accelerate its growth.
The bathroom specialist snapped up its rival for £22.5m, which it said represents 0.5x the company’s estimated annual revenue and “reflects the significant strategic value of the Victoria Plum brand and its associated intellectual property”.
Victorian Plumbing said that “given that Victoria Plum has recently been through an administration and there is -
Next boss Lord Wolfson bags £4.5m pay packet
Next boss Lord Simon Wolfson pocketed £4.5m in pay last year as the retailer’s profits hit a record high of £918m.
The chief executive received a fixed pay of £908,000, with benefits of £36,000 and a £136,000 pension, The Mirror reported.
Wolfson’s remuneration included an annual bonus of £1.362m, a long-term incentive plan worth £2.072m and £6,000 in a share-save scheme.Subscribe to Retail Gazette for free
Sign up here to ge -
Aspida Capital acquires retail site in London’s Oxford Street
Aspida Capital, a family office specialising in investment and asset management in UK real estate, has purchased 105-109 Oxford Street in London for £18.5 million, in... View Article -
Waitrose announces first supermarket to have in-store Gail’s Bakery
Waitrose has announced that Canary Wharf will be its first supermarket to have an in-store Gail’s takeaway bakery. The news forms part of Waitrose’s commitment to... View Article -
Asda delivers continued growth in first quarter
Asda has seen its first quarter total revenues increase by 6.6% to £5.3 billion after like-for-like sales grew by 1.4%. The supermarket said the growth included... View Article -
Counterfeit goes cool: high-end brands urged to embrace rise of #dupe
via theguardian.comGen Z are flaunting their knockoffs and imitations – so experts say companies should play alongHigh-end brands should “lean in” and embrace the #dupe subculture that feeds off recommending duplicates or cheaper alternatives to luxury products, social media experts have advised.Dupes, knockoffs and brand imitators are not new: the first wave of beauty YouTubers were highlighting cheaper products as far back as 2010. But in the past, buying imitation goods was mostly done with th -
Morrisons lowers and locks prices of over 400 products
Morrisons has reduced the price of over 400 food and household cleaning items and has committed to keeping them at the same level for at least... View Article -
UK supermarkets in talks about joining forces for Fairtrade products
via ft.comBananas, coffee and cocoa could be collectively bought after watchdog indicated it would not challenge anti-competitive behaviour
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