The Body Shop has been successfully rescued from administration in a deal led by Mike Jatania, safeguarding 113 stores and over 1,000 jobs.The acquisition was orchestrated through Jatania’s investment company, Aurea, with Charles Denton appointed as the new CEO.This follows a turbulent period marked by financial struggles and a previous sale at a significantly reduced valuation.Despite previous setbacks, there are no immediate plans for store closures, with a focus on potential relocations instead.The new ownership is committed to rejuvenating The Body Shop’s ethical legacy and market position.The Body Shop has been successfully rescued from administration, preserving 113 stores and securing…
Author: Dave Antrobus
The potential removal of the single-person council tax discount could significantly impact pensioners, many of whom are already facing financial difficulties.Half of the affected individuals by this potential discount removal are retirees, highlighting the gravity of the situation for older people.The existing discount reduces the average Band D council tax bill by approximately £543 yearly, representing a crucial saving for many households.Angela Rayner has not confirmed plans to remove the discount, but concerns are mounting amidst broader economic pressures on pensioners.The ongoing debate around this issue underlines the challenges faced by those on fixed incomes, especially amidst rising living costs.Analysis…
Pensioners living alone may face increased council tax if a key discount is removed.Around 4 million pensioners could lose the 25% single-person council tax discount.The potential change could add financial pressure amidst rising living costs and reduced benefits.Officials are facing criticism for targeting vulnerable groups with such financial adjustments.The proposed changes have sparked concerns among parliamentarians and advocacy groups.The potential removal of the 25% single-person council tax discount has stirred significant concern among retirees, with approximately four million pensioners potentially impacted. This move follows discussions led by Housing Secretary Angela Rayner, sparking fear amongst those already facing economic challenges.The current…
Royal Mail is urging reforms in postal regulations to stay competitive amidst evolving market demands.The company stresses the need for government backing to overhaul the Universal Service Obligation.A potential cessation of Saturday second-class mail deliveries is under review by Ofcom.Royal Mail’s financial stability remains uncertain, complicated by a takeover bid from EP Group.Reforms are critical as the company faces mounting challenges, including financial losses and missed delivery targets.Royal Mail has been vocal in calling for reforms to its Universal Service Obligation (USO), which mandates uniform pricing and delivery services across the UK. This requirement, increasingly seen as outdated due to…
Royal Mail’s CEO has warned the Labour Party of severe consequences if critical postal reforms are not supported.The outdated universal service obligation (USO) is stifling Royal Mail’s transition from a letter carrier to a parcel delivery leader.Imminent changes, including reducing delivery days, are expected as Ofcom consults on reforming the postal service.Financial strains continue as Royal Mail navigates a £3.57 billion takeover and persistent industrial challenges.Without swift reform, Royal Mail’s long-term viability and adaptation to market shifts remain in jeopardy.Royal Mail’s Chief Executive has made a compelling call to action for the Labour Party, emphasising that without their support for…
Superdry has entered a significant licensing agreement with Next.A new kidswear range is set to launch on Next’s platform and select stores.The collection draws inspiration from Superdry’s archives, offering varied clothing.Focus on quality material, including organic cotton and recycled yarn.The collaboration enhances Superdry’s entry into the children’s fashion sector.Superdry has embarked on a promising new venture by securing a licensing agreement with Next, allowing the fashion brand to introduce its debut kidswear collection. This collaboration is set to roll out on Next’s ecommerce platform and will be available in select UK stores, marking a noteworthy expansion of Superdry’s product offerings.The…
The British Business Bank has achieved a new funding landmark, supporting innovation and economic growth in the South West.A total of £5 million has been delivered to 10 businesses in the region within the first quarter of the year.Changing Social Limited, a digital consultancy, has raised £1.6 million in equity funding through Maven Capital Partners.Additional recipients of this fund include Rockfish and Kelp Industries, highlighting diverse growth across sectors.The fund aims to empower local businesses, encouraging further exploration of opportunities for growth and innovation.In a remarkable achievement, the British Business Bank has reached a £5 million funding milestone within the…
The leadership at Darktrace is undergoing a significant shift following its acquisition by Thoma Bravo.Poppy Gustafsson, a co-founder and significant figure in cybersecurity, announces her resignation.Jil Popelka, currently the Chief Operating Officer, will assume Gustafsson’s role.Gustafsson expresses pride in the company’s achievements since its inception in 2013.The transition reflects an ongoing trend of UK firms exiting the London Stock Exchange.Poppy Gustafsson, known for her substantial contributions to the cybersecurity sector, is stepping down from her role at Darktrace. Her departure follows the company’s acquisition by Thoma Bravo, a notable American private equity firm. Gustafsson, who established the firm in 2013…
Law firm Kennedys announces a significant number of senior promotions globally, enhancing operations particularly in Leeds and Sheffield.Promotion of 46 legal directors and 51 senior associates across Kennedys’ worldwide offices, with noteworthy advancements in the Leeds office.Mark Cordingley elevated to Legal Director in the Insurance division in Leeds, alongside promotions for several senior associates.Sheffield office sees promotions in liability defence and healthcare teams, contributing to the overall growth in the region.Firm’s expansion indicative of a successful year, marked by record financial results and an increase in global partner numbers.Global law firm Kennedys has recently announced an impressive total of 97…
Gymshark, the UK activewear brand, has made a significant appointment.Sian Keane, with an impressive career at Farfetch, joins as Chief People Officer.Keane brings over 11 years of experience in people management and strategy.Her role will focus on talent acquisition, development, and retention.This move aligns with Gymshark’s ambition for enduring success.Gymshark, renowned for its dynamic approach in the activewear industry, has announced the appointment of Sian Keane as its new Chief People Officer. Sian Keane, who previously held the role of Chief People Officer at the luxury etailer Farfetch, is set to drive Gymshark’s people strategy forward.Keane’s career at Farfetch spanned…