Morrisons has launched a new white egg pack in its Chuckle Eggs range to support sustainable farming.White eggs, nutritionally identical to brown, have a lower carbon footprint due to the efficiency of white hens.The ‘For Farmers’ initiative ensures a 6p return to farmers for every half dozen eggs sold.Morrisons’ egg supply adheres to high standards with environmental and animal welfare certifications.This initiative continues Morrisons’ efforts in providing financial security and sustainability to farmers.Morrisons, a leading supermarket chain, has expanded its Chuckle Eggs range by introducing a pack of white eggs, supporting their commitment to sustainable farming practices. This initiative is…
Author: Dave Antrobus
Julie Gilhart is stepping down from her role at Mulberry after nearly a decade, effective post AGM.Gilhart originally joined Mulberry’s board in December 2014, contributing significantly during her tenure.Prior to Mulberry, Gilhart garnered 18 years of experience at Barneys New York as fashion director.Mulberry’s AGM, where Gilhart’s departure becomes official, is slated for 19 November 2024.Chris Roberts commends Gilhart’s decade-long service, expressing the board’s gratitude and best wishes.Julie Gilhart, a seasoned executive with a notable history at Mulberry, has announced her departure from the company’s board. She has served as a non-executive director since December 2014, contributing her extensive fashion…
Gerry Sweeney, the chief financial officer of Quiz, will be leaving the company after over eight years of service. His departure coincides with a challenging phase for the group, marked by declining sales and profits.Sweeney joined Quiz in 2016 and will continue in his role until 31 March next year to ensure a smooth transition.The search for a new CFO is already underway, as the fashion group aims to navigate through its current financial difficulties.Sweeney remains hopeful about Quiz’s turnaround potential under the leadership of CEO Sheraz Ramzan.He has expressed commitment to supporting the company during the transition period.Gerry Sweeney,…
THG has successfully raised £95.4 million, surpassing its initial target to support the separation of its Ingenuity technology arm.The company garnered strong support from new investors and existing shareholders during the equity raise.Funds were accumulated through various channels, including a significant contribution from existing shareholders and retail investors.Prominent backing was received from the Frasers Group, alongside a personal investment from THG’s CEO.Despite a decrease in group sales, THG reports growth in its beauty and Ingenuity sectors.THG has announced the successful raising of £95.4 million to facilitate the spin-off of its Ingenuity technology branch into an independent company. This fundraising effort…
THG has successfully raised £95.4 million, surpassing their initial target, to fund the demerger of their Ingenuity division.The shareholder-driven equity raise saw existing shareholders contributing approximately £50 million.Frasers Group confirmed a strategic investment of £10 million as part of their ongoing partnership with THG.THG announced plans for the Ingenuity division to operate independently, focusing on beauty and nutrition.According to CEO Matthew Moulding, this move aligns with THG’s strategy to maintain its status as a leading consumer brands group.THG has demonstrated significant progress by raising £95.4 million through an equity raise, exceeding its original target of £75 million. This achievement was…
Recently, several prominent retailers have experienced a notable shift in leadership as numerous CEOs have departed their roles.John Lewis saw Nish Kankiwala step down, transitioning back to a non-executive role to support the new chairman.Andrew Keith of Selfridges exited to pursue new ventures, with André Maeder taking over his UK responsibilities.Matalan CEO Jo Whitfield left to pursue a portfolio career, marking significant progress during her tenure.Mohsin Issa of Asda stepped back to focus on EG Group, amidst strategic store expansion.In a recent wave of CEO turnovers, John Lewis experienced a significant leadership change. Former CEO Nish Kankiwala reverted to a…
In a pioneering move, the renowned conveyancing technology leader PEXA has introduced an initiative in West Yorkshire, aiming to transform the home-buying and selling process through collaboration.PEXA’s initiative seeks to tackle inefficiencies in the conveyancing process by uniting a diverse group of stakeholders under the banner of the Future Property Transactions Group (FPTG). This group comprises fifteen firms, including key players such as law firms, estate agents, lenders including Leeds Building Society and Legal & General, and organisations like the Mortgage Advice Bureau and the Open Property Data Association.The initiative was unveiled at the Leeds Digital Festival, with plans to…
The liquidator of Public Interest Lawyers (PIL) is preparing to distribute payments to creditors following the admission of guilt by the former solicitor Phil Shiner.Phil Shiner, a once respected solicitor, recently admitted to three counts of fraud concerning legal aid applications related to claims against British soldiers. These claims involved alleged mistreatment of Iraqi detainees, further tarnishing Shiner’s reputation.Originally appointed in 2017, PKF Littlejohn Advisory, the liquidator for PIL, announced that it can now commence the process of compensating creditors, which include various government departments. Director Stratford Hamilton indicated that Shiner’s guilty plea confirms the irrecoverability of any funds from…
In 2023, Mondelēz UK experienced a significant drop in its pre-tax profits by 33%, despite a rise in sales.Cadbury, a Mondelēz brand, saw a 9% increase in sales and a rise in pre-tax profits to £42.3m.Overall sales for Mondelēz UK jumped by 13.3%, reaching £2.21bn.The company attributes its turnover increase to strong customer relations and innovative marketing strategies.Mondelēz expanded its portfolio by acquiring a stake in the non-HFSS doughnut brand, Urban Legend.Mondelēz UK, the owner of well-known brands such as Cadbury, Toblerone, and Oreo, reported a significant decrease in pre-tax profits for 2023, depicting a 33% drop to £88.1 million.…
The fashion retail industry embarks on a strategic shift as it gears up for a busy peak season. Businesses are adopting cost-saving strategies to navigate economic challenges.E-commerce giant Asos has taken bold steps by selling a major stake in Topshop and Topman to refocus its strategy.Boohoo Group optimises operations by closing its US distribution centre, cutting costs by fulfilling orders from the UK.High street leaders, Next and John Lewis, demonstrate strong performance despite market pressures, making strategic adjustments.The importance of workplace culture in retaining top talent is underscored, as businesses focus on creating respectful and inclusive environments.The fashion retail industry…