Fashion industry leaders gathered in London for the Drapers Awards 2024, celebrating key achievements.The event, held at The HAC on 13 November, attracted prominent figures from renowned brands.Liz Evans was honoured as Leader of the Year for her work at George at Asda.Touker Suleyman received a lifetime achievement award for his contributions to the fashion industry.The evening was an opportunity for networking and celebrating success stories in fashion retail.The Drapers Awards 2024 brought together prominent figures in the fashion industry on 13 November. Held at The HAC in London, the event celebrated a year of achievements and developments within the…
Author: Dave Antrobus
A recent panel event at MediaCity explored how brands can leverage TV sponsorship effectively.Leaders from major networks like ITV, Sky, and Channel 4 shared insights on TV sponsorship.The panel discussed unique opportunities TV sponsorship provides for brand visibility across various budgets.Challenges and misconceptions surrounding TV sponsorship were examined by the experts.Strategies for planning and measuring successful TV sponsorship campaigns were a focal point.Recently, a distinguished panel gathered at MediaCity to discuss how brands can utilise TV sponsorship for effective audience engagement. The event brought together leaders from ITV, Sky, and Channel 4, who provided valuable insights into the landscape of…
EG Group’s financial results for the third quarter reveal a significant boost in profits, attributed to a robust performance in its grocery sector.In the three months leading up to 30 September 2024, EG Group experienced an 8% increase in underlying EBITDA, reaching $300 million (£235.8 million). This financial uplift was primarily driven by a 4% rise in gross profit from grocery and merchandise, culminating at $344 million (£270.4 million). The group’s strong grocery performance is largely credited to enhanced gross margins, with particular emphasis on dispensed beverage strategies in the United States that helped counter broader economic challenges facing the…
Premier Foods has reported a notable increase in profits for the first half of the year, buoyed by strategic pricing and innovation efforts.In the 26 weeks leading up to 28 September, Premier Foods, the well-known British food manufacturer, experienced an 8.9% increase in adjusted pre-tax profit, reaching £61 million. Headline sales also saw a rise of 4.6%, climbing to £498.7 million. The company attributes this growth to enhanced pricing strategies and robust innovation, which have significantly boosted branded sales volumes.UK branded sales saw a 5.6% increase, with total grocery and sweet treats branded sales growing by 7% and 6.5%, respectively.…
The BBC has announced a significant change for its Weekend Breakfast Show, relocating it to Salford.James Cusack, known from Radio 1’s Christmas Takeover in 2020, will host the 7am-10am slot starting in January.Sam and Danni transition from Weekend Breakfast to host the new afternoon show, Friday to Sunday.Jeremiah Asiamah to cover Mollie King’s maternity leave, joining Matt Edmondson for the afternoon slot.Maia Beth and Jodie Bryant are set to cover Radio 1 Future Pop, with Oré Olukoga and Swarzy taking on Weekend Early Breakfast.In a strategic move, BBC Radio 1 has confirmed that the Weekend Breakfast Show will move to…
WPP secures complete ownership of T&Pm, integrating AI into marketing solutions.T&Pm was established from a merger between The&Partnership and mSix&Partners last year.The acquisition embodies WPP’s strategic simplification yet maintains T&Pm as a standalone entity.AI becomes central in T&Pm’s operations through WPP’s innovative system, WPP Open.WPP’s investment in AI facilitates rapid client partnership, advocating for integrated team agility.WPP has taken full control of T&Pm, marking a significant step in integrating artificial intelligence at the core of marketing solutions. The acquisition sees WPP consolidating its ownership in T&Pm, formed from the prior merger of The&Partnership and mSix&Partners. This move is described by…
Burberry is set on a new course to recover from recent financial challenges.Revenue dropped by 20% in the past six months for the retailer.The new CEO, Joshua Schulman, has implemented an urgent turnaround plan.Focus will be on core products like outerwear and scarves.A £40m cost-saving programme has been introduced, and dividends suspended for 2025.In the face of significant financial downturns, Burberry has embarked on a strategic mission to restore its former glory. The company’s revenue plummeted by 20% over the last six months, marking a stark contrast to its previous financial health. This decline spans both retail and wholesale sectors,…
John Lewis has launched its 2024 Christmas advert, showcasing the heartwarming theme of sisterhood and 90s Britpop music. The advert debuts online and on TV for widespread audiences to enjoy this festive season. Viewers can also engage through a unique TikTok competition inviting musicians to cover a classic song from the advert. Exciting rewards await participants, including monetary prizes and opportunities in the music industry. A charitable cause will benefit from the competition’s proceeds.The John Lewis Partnership officially revealed its much-anticipated Christmas advert for 2024 on 14 November. This annual event has become a hallmark of the holiday season, known…
Boohoo grapples with increased financial losses and a boardroom confrontation with Mike Ashley’s Frasers Group, aiming for strategic recovery.Boohoo’s losses have dramatically increased, with pre-tax losses rising from £36.6m to £147.3m against a revenue drop of 15%.The company has secured over £39m in new capital, intended to provide strategic flexibility amidst fierce competition.CEO Dan Finley is leading a strategic review to revitalise Boohoo’s brand value and market position.There is rising tension as Frasers Group, with a significant stake in Boohoo, seeks influence on the board, sparking concerns over shareholder interests.Boohoo is amid significant financial difficulties, reporting a pre-tax loss increase…
Homebase has entered administration, with significant repercussions for its future and the retail market.The company’s difficulties began under the ownership of Wesfarmers, which resulted in substantial losses and restructuring.Homebase’s failure to fully capitalise on the home improvement boom during lockdowns further hindered recovery.Challenging market conditions and poor strategic decisions contributed to increased financial pressures.CDS Superstores has acquired parts of Homebase, with plans to revive its presence.Homebase has recently gone into administration, appointing Teneo to oversee the initial process. The sale of its brand, intellectual property, and up to 70 UK stores to The Range and Wilko owner CDS Superstores marks…