Heinz recently faced backlash for a London tube advert criticised for promoting negative stereotypes.The advert depicted a wedding scene featuring a black bride without a father figure.Social media users highlighted the absence of the black father, sparking public debate.Nels Abbey, a Guardian columnist, voiced concerns about the advert on social media.Heinz apologised, acknowledging the potential harm caused by the advert.Heinz has come under scrutiny for a London tube advertisement criticised for perpetuating negative stereotypes. The advert in question depicts a wedding scene featuring a black bride accompanied by an older black woman, presumably her mother, while the groom is seen…
Author: Dave Antrobus
A substantial 85% of British SME bosses with HR duties back the ‘right to switch off’.Four in five SME leaders support the Employment Rights Bill, seeing it as beneficial.The bill suggests changes like flexible work weeks and parental leave from day one.Implementation might face delays due to opposition and potential cost concerns.Despite support, 63% worry about the bill’s effects on SME workload and costs.The sentiment among British SME leaders indicates strong backing (85%) for granting employees the ‘right to switch off’ from work communications after hours, including weekends. This aligns with the upcoming Employment Rights Bill which promises to enhance…
Leading UK supermarkets have called for a reduction in business rates to support the retail sector.The British Retail Consortium (BRC) wrote an open letter to the government advocating a 20% reduction in business rates for retail properties.The letter highlights that the retail sector pays a disproportionately high share of business taxes relative to its economic size.The BRC suggests that adjusting business rates could drive nationwide investment, crucial for economic growth.Sainsbury’s CEO and Usdaw’s general secretary warned that 17,000 UK shops are at risk without reform.Leading UK supermarkets have aligned with retail leaders in urging the government to implement a reduction…
Mytheresa is set to acquire Yoox-Net-A-Porter (YNAP) from Richemont for €555m (£465m), taking a 33% stake in Mytheresa.Richemont plans to support YNAP with a €100m (£84m) revolving credit facility over six years.The deal will see YNAP’s luxury division integrated into Mytheresa, creating a unified luxury group.YNAP’s off-price platforms Yoox and The Outnet will be separated to enhance operational efficiency.The transaction is expected to complete in the first half of 2025, promising significant value for stakeholders.In a significant business move, Mytheresa has announced its acquisition of Yoox-Net-A-Porter (YNAP) from its current owner Richemont. This deal, valued at €555 million (£465 million),…
UK house prices are climbing steadily, nearing record highs not seen since 2022.According to Halifax data, house prices rose by 0.3% in September, matching August’s rise.The annual inflation rate for house prices stands at 4.7%, the highest since November 2022.Favourable market conditions and falling interest rates have restored some buyer confidence.Despite positive trends, regional disparities persist and affordability remains a challenge.House prices in the UK have continued on an upward trajectory, rising by 0.3% in September as reported by Halifax. This rise mirrors the previous month’s increase, marking a third consecutive month of growth. Annual inflation has reached 4.7%, the…
Nestware, owner of Carpetright, has faced significant financial setbacks.The closure of The Floor Room resulted in £10.8m in losses for Nestware.Administration of The Floor Room led to 201 job losses.Nestware also wrote off £175.4m related to Carpetright, which entered administration.Carpetright’s debts included £3.5m rent arrears and £8m in outstanding customer orders.Nestware, the parent company of Carpetright, has encountered substantial financial difficulties recently. These challenges were primarily due to the closure of The Floor Room, which imposed a financial burden of £10.8 million on the company.The closure of The Floor Room, which occurred at the start of August, was a significant…
Nestware, the parent company of Carpetright, has reported a significant financial setback due to the closure of its division, The Floor Room.The Floor Room entered administration at the beginning of August, leading to the loss of 201 jobs.Previously, The Floor Room operated within all John Lewis department stores since May 2023 and had a standalone shop in London.An intercompany loan balance of £10.8m was noted at the time of administration.The company was also impacted by a write-off of £175.4m related to its Carpetright business in July, affecting various creditors and customers.Nestware, the parent company of Carpetright, has experienced a substantial…
Recent developments have sparked discussions around Mulberry’s strategic direction.Founder Roger Saul suggests a potential alignment with LVMH as ideal.Mulberry rebuffs Frasers Group’s £83m takeover proposal citing undervaluation.The company has struggled due to over-reliance on handbag sales.Saul remarks on the high costs of building a luxury brand from scratch.Recent events have brought Mulberry’s strategic future into the spotlight. Founder Roger Saul has voiced that a partnership with a prominent luxury entity such as LVMH would better align with Mulberry’s brand ethos in contrast to the recent takeover bid by Frasers Group.Mulberry’s board has decided to reject an £83 million offer from…
Time is running out to nominate young talent for the Drapers 30 Under 30 list.The deadline for nominations is midnight, Monday 14 October.Candidates can be from any sector within a fashion company, including buying, design, or logistics.Nominations are open to individuals and self-nominations are encouraged.Successful nominees join an illustrious network of past winners who’ve made significant industry impacts.The opportunity to highlight rising stars in the fashion retail industry through the Drapers 30 Under 30 list is nearing its close. Potential nominators should be aware that submissions must be made by midnight on Monday 14 October.Eligible candidates can come from any…
A solicitor has been struck off after admitting to misleading his partners regarding a claim to the firm’s professional indemnity insurers, a decision confirmed by the Solicitors Disciplinary Tribunal (SDT).Simon Kennett Gurr, a former partner at Direction Home (Law) LLP, acknowledged his misconduct which led to his expulsion from the firm in October 2019. He admitted to lying to his partners about reporting a claim related to a road traffic accident case settled in 2017 for £580,000 plus costs.In November 2018, the Senior Courts Costs Office issued an unless order requiring the claimant to request a detailed assessment hearing, highlighting…