Mulberry has rejected an £83 million takeover bid from the Frasers Group, highlighting its confidence in future growth under new leadership.The offer was thoroughly assessed by Mulberry’s board with input from majority shareholder, Challice, who owns 56.1% of the company.Mulberry’s share price increased by 4.8% to 130p following the decision to reject the offer.Frasers Group contends it is the ideal caretaker to return Mulberry to profitability amid ongoing financial challenges.Mulberry plans to stabilise its financial position and implement CEO Andrea Baldo’s strategy with the recent capital influx.Mulberry recently declined an £83 million acquisition proposal from the Frasers Group. The board…
Author: Sam Allcock
Sam Allcock
Sam Allcock is a seasoned entrepreneur and passionate storyteller with a keen eye for emerging trends and viral phenomena. With over a decade of experience in the business world, Sam has successfully launched several startups that blend innovation with creativity. At 88com.net, he brings his expertise in curating compelling content that captures the zeitgeist of our digital age. When he's not exploring the latest trends, Sam enjoys connecting with his audience and sharing insights that inspire and inform. Join him on a journey through the stories that are shaping our world today!
New Research Reveals Diet Success Lies in Calorie Intake Intermittent fasting has garnered widespread attention, championed by celebrities like Jennifer Aniston and Chris Pratt, as a popular approach to weight loss. However, new findings suggest that the success of this diet may not depend solely on timing but on calorie consumption. A study conducted by US researchers reveals that while limiting your eating window can help, the real factor behind weight loss is consuming fewer calories than your body needs. The study, published in the Annals of Internal Medicine, suggests that cutting calories is more critical for weight loss and…
Creo Medical, based in Chepstow, has raised £11m to support its expansion strategy through a new share placement.The firm plans to generate an additional £5m via a retail offer as part of its growth ambitions.A strategic transaction involves selling a 51% stake in Creo Europe to China’s Micro-Tech, expected to complete early next year.This financial manoeuvre aims to fortify Creo’s minimally invasive surgical endoscopy developments for cancer patients.Despite financial challenges, Creo Medical focuses on expanding its technological capabilities and market reach.Creo Medical has successfully acquired £11m in funds through a share placement with its primary institutional investors. This capital influx…
N Brown addresses the prevalent issue of incorrect clothing sizes in online shopping.The ‘Fashion for All’ campaign leverages technology and data to improve sizing accuracy.Sarah Ewens-Smythe shares insights on the campaign’s impact and sustainability at N Brown.The initiative earns the title ‘Fashion Game Changer’ at the 2023 Retail Gazette Awards.Lewis Rhys Davies discusses personalisation to foster customer loyalty in the retail sector.Consumers frequently face disappointment when online clothing purchases do not fit as expected. This not only affects customer satisfaction but also results in substantial return rates, a challenge across the UK fashion industry.N Brown has taken a proactive approach…
As the cryptocurrency market enters October, historical trends suggest the potential for significant growth. Investors and enthusiasts should take note of key assets that may offer remarkable opportunities.With the global cryptocurrency market still experiencing the effects of a recent correction, Bitcoin (BTC), Pepe (PEPE), and Dogwifhat (WIF) stand out as top contenders for watching this month.Bitcoin remains a bellwether for the entire cryptocurrency market. Historically, its performance in October has set the pace for other assets. Analysts predict a potential new all-time high this month, reaching $86,267 by October 28, a substantial growth from its early September levels.BTC’s influence on…
eBay UK has announced the removal of selling fees for private sellers across all categories, excluding motors, to compete with rising platforms like Depop and Vinted.Private sellers will not incur any final value or regulatory operating fees when selling on eBay UK.The previous removal of clothing selling fees resulted in a significant increase in listings, including jeans, shirts, and dresses.eBay UK introduces new features like simplified selling processes, AI-driven tools, and eBay Local.Kirsty Keoghan of eBay UK notes that these changes aim to enhance customer experience by offering a broader inventory and a smooth selling process.eBay UK is strategically removing…
Bitcoin’s value has taken a notable hit, recently falling to $63,000. This fluctuation arises as the Federal Reserve hints at potential changes in interest rates.The cryptocurrency market is witnessing increased uncertainty. The anticipation of less aggressive rate adjustments by the Fed has prompted a sell-off, causing concern among investors.Federal Reserve Chair Jerome Powell’s recent remarks have reverberated across the cryptocurrency landscape. His cautious tone regarding future rate cuts has generated a significant response. The market reaction underscores the profound influence that traditional financial policies exert over digital currencies like Bitcoin.The Fed’s measured stance has directly impacted Bitcoin valuations. Investors’ expectations…
The Works, a high street arts and crafts retailer, faced a challenging fiscal year in 2024, marked by a decline in profits.Profit before tax at The Works fell by 39% compared to the previous year, primarily driven by a tough trading environment and increased operational costs.Despite a downturn in overall sales, in-store sales saw a slight rise, although online sales significantly declined.Cost-saving measures and improved trading towards the end of the year helped The Works meet market expectations.Looking forward, early 2025 sales have aligned with projections, with slight improvements in like-for-like sales.The Works, a prominent retailer in the arts and…
The cryptocurrency market experienced diverse trading patterns today. Bitcoin, the largest cryptocurrency by trade volume, saw a decline, while Ethereum witnessed slight gains. AI-related coins exhibited unpredictable trends, highlighting investor caution. In the early trading hours, market sentiment turned ‘neutral,’ reflecting a complex trading landscape. The total cryptocurrency market cap decreased by 0.60%, settling at $2.26 trillion. Investors remain hopeful for a bullish trend despite the mixed signals.Bitcoin’s Volatility and Institutional MovesBitcoin encountered notable volatility, trading at $63,984, which marks a 0.68% decline over the past 24 hours. The digital asset was observed within a range of $62,969.58 and $64,662.59.…
A new wave of technologies is transforming financial services.Financial institutions must adopt right technologies to stay competitive.Pushback is common in digital transformations due to resistance to change.An innovation culture is key to overcoming adoption hurdles in firms.Centralised management and seamless integration enhance user experience.A new wave of technological advancements is reshaping the landscape of financial services. Banks, insurers, and financial institutions are harnessing these developments to streamline operations and create new service models for clients. Adopting the right technologies is crucial for remaining competitive in this fast-evolving industry.Despite the necessity, the path to digital transformation is often met with pushback,…