KPMG and NatWest have rejoined the CBI, marking a significant moment in the group’s recovery.The CBI has been working to bounce back from a 2023 scandal that nearly led to its financial collapse.Efforts to restructure have included workforce cuts and closing international offices to stabilise finances.Other companies, like AstraZeneca and Unilever, have resumed their memberships, showing increased confidence in CBI.Despite progress, some organisations like Aviva have not yet rejoined, reflecting ongoing challenges.The rejoining of KPMG and NatWest to the CBI, 18 months after severing ties, marks a turning point for the British business lobbying group. The organisation had been deeply…
Author: Scott Dylan
Mytheresa is making strategic moves with the acquisition of Yoox-Net-A-Porter (YNAP) from Richemont.The deal signifies a major shift in the fashion retail landscape, impacting the luxury market.This acquisition aligns with Mytheresa’s ambitious global expansion plans.The transaction between Mytheresa and Richemont highlights significant industry trends and aspirations.Experts suggest that Mytheresa’s strengthened position could influence competitors in the luxury fashion sector.Mytheresa is poised for significant growth with its planned acquisition of Yoox-Net-A-Porter (YNAP) from Richemont. This move marks a strategic expansion for the German luxury retailer, positioning it to further its influence on the global stage. The acquisition not only demonstrates Mytheresa’s…
Leading UK wine retailers are lobbying against the upcoming alcohol duty rise, aiming to reform the system swiftly.Retail giants like Majestic Wine and Cambridge Wine Merchants urge intervention before new rules take effect on 1 February.The duty freeze extension until 2025 was intended to aid businesses, but the new system increases complexity and costs.Retailers highlight that increased costs could jeopardise wine quality and selection for consumers.Concerns are raised over the impact on small businesses and independents amidst strained high street conditions.Major wine retailers in the United Kingdom have launched a campaign to persuade the government to reconsider an impending increase…
Legal reporting is crucial for client satisfaction and operational success.Advanced tools like Visualfiles streamline reporting processes.Pro2SQL technology significantly reduces reporting time.Data visualisation is enhanced through SSRS and Power BI dashboards.Workshops empower firms to leverage their own data effectively.In the evolving landscape of legal services, efficient and detailed reporting is more than a necessity; it is a hallmark of excellent client service and organisational success. Advanced systems, such as Visualfiles, offer solutions to streamline this process, allowing firms to meet client expectations adeptly and to positively influence their business outcomes.Visualfiles employs Pro2SQL technology to offer advanced reporting capabilities. This technology enables…
Waitrose-parent company John Lewis Partnership announces CEO Nish Kankiwala’s return to a non-executive role, marking a strategic shift in leadership as Jason Tarry steps in as chairman.Nish Kankiwala will step back to a non-executive role by March 2025, aiding the new chairman, former Tesco UK boss Jason Tarry, in the company’s transformation journey.The John Lewis Partnership will not directly replace the CEO role, highlighting the company’s ongoing transformation and strategic direction.Kankiwala’s role shift follows his appointment as CEO in March 2023 during a critical phase of transformation for the company.Despite stepping back, Kankiwala’s expertise will continue to influence the board…
Applied Nutrition is set to launch a £500m IPO on the London Stock Exchange, one of the largest listings this year.The Liverpool-based company’s IPO follows a year of significant growth, expanding its market to over 80 countries.Existing shares will be sold in the offering, targeting both institutional and retail investors.Recent executive appointments, including Andy Bell as chair, bolster the company’s leadership team for the IPO.The IPO is a strategic move amidst a challenging market, with fewer companies listing on the London Stock Exchange.Applied Nutrition has announced intentions to make a significant entry into the public market with a £500 million…
Matalan’s CEO Jo Whitfield has resigned after 18 transformative months.Whitfield’s departure is part of a strategic career shift for a ‘portfolio career’.Significant progress was made at Matalan under Whitfield’s leadership.Matalan’s chair, Karl-Heinz Holland, will interim as executive chair.A search for Whitfield’s replacement is already underway.Jo Whitfield, the Chief Executive Officer of Matalan, has stepped down from her role after an impactful 18-month tenure. Her resignation marks a strategic move towards pursuing a ‘portfolio career’. This decision coincides with a similar leadership change at the John Lewis Partnership, where the group CEO, Nish Kankiwala, is transitioning to a non-executive role.During her…
John Lewis Partnership is undergoing a significant leadership change as CEO Nish Kankiwala will step down to become a non-executive advisor by March 2025.Appointed as CEO in March 2023, Kankiwala played a pivotal role in the company’s recent transformation efforts.The decision reflects the substantial progress in the business transformation and the completion of the operational model’s work.Chair Jason Tarry will take over responsibilities, chairing both the executive team and partnership board.Kankiwala expressed pride in the achievements made during his tenure as CEO with notable improvements in strategy and profitability.John Lewis Partnership is gearing up for a leadership transition as current…
Nish Kankiwala, CEO of John Lewis Partnership, will step back to a non-executive role in March 2025.Kankiwala accepted the CEO role in March 2023 to aid the company’s transformation during a critical period.Financial results show significant reduction in pre-tax losses, suggesting a turnaround under Kankiwala’s leadership.Jason Tarry takes over as chairman, with Kankiwala supporting in an advisory capacity.Kankiwala expresses confidence in Tarry’s leadership and reflects on achievements made during his tenure.Nish Kankiwala, currently the CEO of the John Lewis Partnership, has announced his decision to revert to a non-executive role by March 2025. Kankiwala’s transition is aimed at supporting the…
Sosandar is expanding its presence in the United Kingdom with the upcoming launch of its fourth store in Cardiff.The Cardiff store will be located in the prestigious St David’s shopping centre alongside notable brands.This follows recent openings in Chelmsford, Marlow, and Newcastle’s Metrocentre.The retailer is also expanding internationally with a planned launch in Ireland.Sosandar aims to open up to 50 new stores as part of a significant growth strategy.Sosandar is set to unveil its fourth store within Cardiff’s renowned St David’s shopping centre. This strategic location places the store amidst high-profile brands, enhancing its visibility and accessibility to a broad…