This year, John Lewis shoppers were influenced by weather, fashion, and wellness trends. The department store’s 2024 report reveals significant shifts in consumer behaviour.Oura Ring emerged as an essential tech accessory, becoming a leading product.Dehumidifiers saw increased sales due to persistent wet weather in the UK, reflecting consumer adaptation to climate.Fashion trends took a nostalgic turn with cut out swimsuits and barrel leg jeans while small bags lost appeal.Shoppers prioritised skincare with SPF50 creams and new beauty launches becoming popular.The 2024 shopping trends at John Lewis highlight a fascinating interlink between lifestyle factors and consumer choices. Oura Rings have captured…
Author: Dave Antrobus
Hershey’s pivotal shareholder, The Hershey Trust Company, has dismissed the initial acquisition proposal put forth by Mondelez International, labelling it insufficiently valued.The Hershey Trust Company, crucial in approving any acquisition, deemed the proposal from Mondelez—known for owning Cadbury—as undervalued, according to Bloomberg News. Recent developments indicate Mondelez’s tentative engagement with Hershey for a potential merger, albeit at an incipient stage.Recent corporate earnings reports show Hershey’s quarterly sales dipped to approximately $3 billion (£2.3 billion) amid subdued market demand. Conversely, Mondelez experienced a near 2% rise in sales, reaching $9.2 billion (£7.2 billion).Historically, Mondelez has displayed interest in acquiring Hershey, notably…
In a development involving two giants of the confectionery industry, The Hershey Trust Company has reportedly turned down a preliminary takeover proposal from Mondelez International, the company known for owning Cadbury.The Hershey Trust Company’s decision is pivotal, as its approval is essential for any acquisition deal involving Hershey. Mondelez International, which had made the preliminary approach, received the proposal’s refusal due to it being considered undervalued. This is not the first instance of Mondelez attempting to acquire Hershey, having faced a similar rejection in 2016 when a $23 billion (£18 billion) offer was also deemed too low.Earlier reports from Bloomberg…
Newsbrands Scotland and The News Media Association are set to merge into a single entity from 1 January 2025, with the aim to enhance representation of the UK publishing sector.The merger will help in promoting trusted journalism across Westminster and Holyrood, as stated by the organisations.Both entities will maintain their individual branding and staff to ensure continuity and identity.The leaders of both organisations emphasise the importance of this move towards having a unified voice in the media landscape.The merger comes at a vital time when trust in responsible media is crucial amidst technological changes.Newsbrands Scotland and The News Media Association…
In a strategic move, Chapel Down has announced the appointment of James Pennefather, former CEO of The Lakes Distillery, as its new chief executive, following the resignation of Andrew Carter in September.Chapel Down, the prominent English wine producer, is set to welcome James Pennefather as the new CEO starting February 2025. Pennefather’s extensive experience in the premium drinks industry includes leadership roles at William Grant & Sons and Diageo, with a notable achievement being his recent facilitation of The Lakes Distillery’s acquisition by The Nyetimber Group.Martin Glenn, Chairman of Chapel Down, expressed confidence in Pennefather’s ability to foster growth and…
Manchester City Football Club sets a new Premier League record by achieving the highest revenue in the league’s history at £715 million.The club experienced a £2.2 million increase in revenue year on year, despite a decline in broadcast earnings.Commercial and matchday incomes saw noticeable growth, contributing to the club’s financial success.Strong performances in transfer markets helped the club secure £139 million in profits from player sales.Manchester City continues to expand its global reach and enhance fan experiences both locally and internationally.In an unprecedented achievement, Manchester City has set a Premier League record by generating £715 million in revenue, an increase…
In a pioneering move for the holiday season, Co-op is concentrating on rapid delivery services, announcing partnerships with major platforms to enhance its 2024 Christmas campaign.Co-op has taken a significant step in its marketing approach by shining a light on its collaborations with rapid grocery delivery services such as Deliveroo, Uber Eats, and Just Eat. This initiative comes as part of its 2024 Christmas campaign, which is designed to meet the demand for last-minute party essentials during the festive season. Co-op’s advert, airing on television until the end of December, underscores the convenience of its delivery service, capable of bringing…
Boohoo Group responds to Frasers Group’s persistent boardroom challenges as the general meeting approaches.Frasers challenges recommendations against appointing Mike Ashley and Mike Lennon to Boohoo’s board.Boohoo maintains opposition to the appointments due to conflicts of interest with Frasers.The possibility of Frasers nominating a non-conflicting candidate remains if governance commitments are met.Frasers criticised Boohoo’s performance, demanding substantial board changes.Boohoo Group has firmly addressed Frasers Group’s ongoing attempts to influence its boardroom decisions. As the date of the general meeting nears, tensions have escalated between these two retail giants over governance matters and board appointments.Frasers Group recently issued an open letter opposing…
Mistakes in process serving can lead to severe legal consequences and delays, underscoring the importance of accuracy.Improper process serving can result in dismissed cases and escalate legal costs.Real-world examples highlight how failure to adhere to proper procedures complicates legal proceedings.Professionals in process serving help mitigate risks and ensure compliance with legal standards.Ensuring valid process service is key to upholding fairness in legal proceedings.Process serving plays a crucial role in legal proceedings by ensuring individuals and businesses are adequately informed of actions against them. Errors in this step can result in serious issues such as delays, increased financial burdens, and potentially…
In The Style, a fashion retailer, is implementing job cuts as it strives to overcome declining sales before re-entering the London Stock Exchange.For the year ending 31 March, the company reported a pre-tax loss of £2.6 million, an improvement from the previous year’s £7.7 million loss.Revenue dropped significantly from nearly £46 million to £30.4 million, with UK sales decreasing from £42.7 million to £29 million.The retailer reduced its employee count from 179 to 140 in a bid to lower operational costs through investments in automation and strategic realignment.Adam Frisby, the founder, departed from his role in September, having seen the…