Catherine Jobling, COO of AllSaints, shares insights on managing supply chain challenges in a sustainable way on the Drapers Talks podcast.During the Drapers Supply Chain Summit 2024, Jobling discussed the importance of diversifying supplier bases.She highlighted the risks of relying heavily on single factories for entire product categories.Jobling emphasised collaboration with suppliers across multiple regions as a key strategy.These insights are part of a larger conversation on achieving sustainability goals while managing supply chains efficiently.Catherine Jobling, the Chief Operating Officer of AllSaints, recently appeared on the Drapers Talks podcast to discuss her strategic approach to supply chain management. Her insights…
Author: Dave Antrobus
The UK’s Channel 4 has faced a challenging year marked by a significant decline in advertising revenue, leading to a record financial loss.The broadcaster’s total revenue dropped by 10.4%, while advertising income decreased by 9.7%.Despite this, digital revenues saw a 10% increase, accounting for 27% of the total revenue, with expectations to reach 30% in 2024.Popular shows like Married at First Sight bolstered digital engagement, contributing to overall viewing growth.Enders Analysis anticipates stabilisation in advertisement revenues for 2024, while Ofcom commends Channel 4’s 2023 media duties performance.In 2023, Channel 4 grappled with a notable reduction in its financial performance, primarily…
The Greens restaurant location in West Didsbury will soon experience a revival as it welcomes a new occupant.The renowned Porta Tapas bar will take over the site, slated for a grand opening in November 2025.Greens, a vegetarian establishment, closed due to financial pressures, paving the way for new opportunities.Ben and Joe Wright, the duo behind Porta, plan to transform the venue while preserving its community essence.Anticipation builds for the reimagined space promising fresh tapas and a vibrant atmosphere.The Greens restaurant site in West Didsbury, a neighbourhood staple for over three decades, is poised for a transformation under the entrepreneurship of…
As economic pressures mount, PepsiCo revises its sales growth expectations, reflecting broader consumer trends.Consumers are increasingly opting for cost-effective own-label brands over traditional PepsiCo products.The cost-of-living crisis has altered spending patterns, impacting beverage and snack purchases.North American markets, key for PepsiCo, experience significant sales volume declines.Despite hurdles, PepsiCo retains its profit forecast through strategic pricing and cost measures.PepsiCo has announced a revision in its sales target for the year, a move influenced by consumers’ preference for more economical options amid ongoing economic pressures. The shift towards own-label alternatives has been significant, as shoppers look to optimise household spending. The company…
Gucci has announced a leadership change with the appointment of Stefano Cantino as CEO, effective January 2025.Cantino steps into the role following his tenure as deputy CEO, succeeding Jean-François Palus.Palus took the helm during a difficult period marked by declining profits and sales for Gucci.Kering’s overall financial performance has been faltering, with Gucci’s sales significantly impacted.François-Henri Pinault has expressed gratitude to Palus for his contributions to Gucci’s stability.Gucci has announced the appointment of Stefano Cantino as its new CEO, set to take effect on 1 January 2025. Cantino, who is currently serving as deputy CEO, joined Gucci in May 2024…
In a strategic expansion, Clarion has enhanced its Leeds team with 14 new hires across various departments, strengthening its legal services.Newly appointed Alex Mathias joins the real estate team, specialising in commercial real estate and finance.James Watson, an expert in residential conveyancing, further boosts the firm’s property services.Four paralegals have been added across Intellectual Property, Costs and Litigation Funding, Real Estate, and the Court of Protection teams.The firm also integrates three new trainees, continuing its commitment to nurturing emerging legal talent.Clarion has strategically enhanced its team in Leeds by welcoming 14 new appointments to various departments during the third quarter…
China has imposed tariffs on European brandy, marking a significant escalation in the trade dispute with the EU over electric vehicles.The Chinese commerce ministry labels the brandy tariffs as anti-dumping measures to protect local businesses.The EU plans to challenge these tariffs at the WTO, describing them as an abuse of trade measures.French brandy producers, especially Hennessy and Remy Martin, are among those affected, facing catastrophic consequences.The conflict originates from the EU imposing up to 35% tariffs on Chinese electric vehicles, leading to further tensions.China has imposed tariffs on European brandy in response to the EU’s tariffs on Chinese electric vehicles,…
The UK government is evaluating a cost-effective rail option known as ‘HS2-light’, which may optimise travel between Birmingham and Manchester.This initiative is part of a comprehensive strategy to address the country’s infrastructure requirements.The proposed route could potentially reduce construction costs by up to 40% while still easing congestion on the West Coast mainline.The review has gained momentum following recent confirmations about the HS2 terminus at London’s Euston station.A final decision is anticipated after an imminent three-year spending review.The UK government is currently deliberating a proposal for a cost-efficient rail alternative called ‘HS2-light’. This consideration comes amid broader efforts to address…
The traditional partnership model for solicitors is waning, according to the chief executive of a private equity-owned law firm, who claims unprecedented opportunities have arisen post-takeover.Nelsons, an East Midlands legal practice, recently celebrated its one-year anniversary under the ownership of Lawfront, backed by private equity firm Blixt. Lawfront, which aims to construct a £150 million national group, has already acquired four regional firms, marking significant progress towards its goal.Stewart Vandermark, Nelsons’ chief executive, detailed how the firm had sought growth before the COVID-19 pandemic and noted that this intention has only intensified as the market evolves. He explained that aligning…
The Frasers Group is solidifying its position as a dominant retail and property force in the UK.Recent acquisitions include the Princesshay Shopping Centre in Exeter, Fremlin Walk in Kent, and the Olympus Centre in Gloucester.CEO Michael Murray emphasises the group’s commitment to revitalising high streets and enhancing retail experiences.Property purchases align with the group’s strategy to support its luxury and sports retail businesses.Recent acquisitions are valued at £91m, with Frasers pursuing diverse locations.Frasers Group, traditionally renowned for investing in retail brands, is now emerging as a significant entity in the UK property market. The group has recently acquired prominent shopping…