Rank Group reports significant growth, with UK casino and digital operations thriving.The company’s Net Gaming Revenue (NGR) increased by 12%, reaching £197.4m.Venue NGR rose by 10%, while digital NGR saw a 15% increase.Grosvenor and Mecca, key digital channels, surged by 21% and 23%, respectively.CEO John O’Reilly highlights strengthened business and anticipates 2025 reforms.Rank Group has witnessed a substantial boost in its UK casino and digital gambling revenue, as customers increasingly engage with their offerings. The firm’s Net Gaming Revenue (NGR) has seen a remarkable increase of 12%, amounting to £197.4 million. This surge in NGR is emblematic of the positive…
Author: Dave Antrobus
US private equity firm Advent International is reportedly preparing a multi-billion-pound takeover bid for the renowned food and beverage supplier, Tate & Lyle.According to reports, the acquisition discussions are in their preliminary stages, with the proposed deal believed to exceed Tate & Lyle’s existing market valuation of £3.2 billion. This strategic move by Advent International marks a significant interest in the ingredients sector, noted for its robust growth potential.Meanwhile, Tate & Lyle is pursuing its own acquisition strategy, aiming to finalise a £1.4 billion purchase of American ingredients manufacturer CP Kelco. The company recently postponed a shareholder vote on this…
US private equity firm Advent International is reportedly poised to make a multi-billion-pound bid for Tate & Lyle, a prominent player in the food and beverage supply industry.Reportedly, Advent International’s proposed bid is intended to surpass Tate & Lyle’s current market valuation of £3.2 billion, according to sources cited by the Financial Times. However, the process remains in its infancy.This development coincides with Tate & Lyle’s ongoing acquisition efforts, particularly its pursuit of US ingredients maker CP Kelco for £1.4 billion. Chief Executive Nick Hampton emphasised the strategic fit of this acquisition, asserting that it would “accelerate growth.” He added,…
Manchester Camerata becomes Classic FM’s inaugural partner orchestra from Greater Manchester.The orchestra hosts the UK’s first National Centre of Excellence for Music and Dementia.Classic FM will feature the orchestra’s award-winning dementia-related work.They will join forces in the Music Champions recruitment campaign, focusing on music therapy.Both organisations aim to make classical music accessible and relevant to all.Manchester Camerata has had the honour of becoming Classic FM’s first partner orchestra hailing from the Greater Manchester area. This innovative chamber orchestra is renowned for hosting the UK’s pioneering National Centre of Excellence for Music and Dementia.Classic FM plans to highlight this notable work,…
Britain’s financial watchdog is set to launch an innovative AI lab. This initiative aims to better understand AI’s impact on financial services.The lab will unite tech firms, academics, and regulators to explore AI’s current and future roles in finance.A series of collaborative projects will start in January 2025, involving several key components such as AI Spotlight and AI Sprint.The FCA’s regulatory sandbox and innovative methodologies like TechSprints have previously bolstered the UK’s fintech sector.Jessica Rusu, FCA’s Chief Data and Intelligence Officer, emphasised the need for collaboration to manage AI’s risks and capitalise on its opportunities.Britain’s financial watchdog is launching an…
The Entertainer has successfully established over 850 toy bazaars within Tesco stores, significantly expanding its presence across the United Kingdom and the Republic of Ireland.In an impressive feat of retail innovation, The Entertainer has launched 861 toy shop-in-shops within large Tesco stores in just eight months. This ambitious expansion places The Entertainer’s offerings within reach of over 90% of the UK shoppers, a strategic move to enhance accessibility to their diverse range of toys.The rollout was facilitated by the opening of a new distribution centre, tasked with meeting the burgeoning demand and ensuring the seamless stocking of these concessions. On…
This week brings a wave of significant leadership changes across the fashion and retail sector. These adjustments reflect a dynamic industry that continually evolves.Footasylum has fortified its leadership team with strategic appointments.Ger Wright will transition from her role at Frasers Group, retaining a presence as a non-executive director.Kim Jones will depart from Fendi, marking the end of a notable tenure.StockX, a platform thriving at the intersection of footwear and streetwear, welcomes a new CMO.Footasylum is enhancing its leadership with the addition of seasoned executives. Will Van Rensburg and Glen Wilkinson join as Chief Commercial Officer and Senior Buying Director, respectively.…
The £191m acquisition of N Brown by Joshua Alliance marks a key moment for the retail conglomerate.The offered price of 40p per share presents a notable premium over recent price averages.Ownership of approximately 60% of shares by the Alliance family secures the acquisition.Concerns regarding N Brown’s market listing and trading liquidity are highlighted in the takeover.The Alliance family aims to boost growth, leveraging N Brown’s established brands and services.N Brown, known for its ownership of brands like Jacamo and Simple Be, is set to join the Alliance family through a substantial £191m takeover offer from Joshua Alliance. This move includes…
Sweaty Betty’s global brand president, Melissa Mullen, revealed the company’s return to core values at the Drapers Inner Circle Summit 2024. This new direction aims to re-align the brand’s identity and empower both consumers and employees.After a period of internal confusion, Sweaty Betty is reaffirming its brand roots, emphasising empowerment and authenticity.Melissa Mullen highlighted the importance of clear communication in reinforcing brand values, directed at both consumers and employees.The company’s renewed focus promises to enhance brand recognition and loyalty among its audience.This strategy seeks to navigate past challenges and strengthen Sweaty Betty’s market position.Sweaty Betty is undergoing a significant transformation,…
In preparation for the upcoming holiday season, significant upgrades have been made to enhance retail network solutions, spotlighting faster connectivity and improved security.The efficiency of both online and in-store experiences is crucial for retail business success, especially during the holiday rush.Rapid deployment of network services, including 4GB and 5GB connections, is now achievable in days rather than weeks.Enhanced security measures are in place, with robust firewalls and industry-leading service level agreements to safeguard customer data.Standard 1GB-capable connections allow for seamless scalability, ensuring retailers can handle fluctuating demand efficiently.As the holiday season approaches, the efficient functioning of online and in-store experiences…