Morrisons has snubbed a £5.5 billion takeover approach from a US private equity firm amid speculation that more UK supermarkets could be snapped up.
Shares in Morrisons soared on Monday morning following confirmation of the rejection at the weekend, as the chain said potential bidder Clayton, Dubilier & Rice “significantly undervalued” the grocer with its 230p-per-share enquiry.
UK supermarkets have been...
A businesses brand reputation can be the making or the breaking of their operations, deciding how much profit they can earn, and how they are against the competition.
This guide will go over your brand reputations importance, as well as how to improve it.
What A Brand Reputation Is
Simply put, a brand reputation is how people view your brand. A higher...
Specsavers has selected Accenture to help improve and modernise its technology capabilities. This will drive efficiencies across its business and enhance the service experience for its customers, store partners, and colleagues.
The new strategic agreement builds on an existing relationship between the two organisations and calls for Accenture, working closely with Microsoft, to modernise Specsavers’ legacy IT architecture with cloud,...
Hexcite Group, a leading provider of design, communication, brand activation, signage, display and merchandising products and services for major brand owners and retailers, is delighted to announce it has appointed Wes Mulligan as Group Chief Executive.
Wes has led a number of businesses across retail, leisure and support services sectors. In recent years, as CEO of Danwood, he led the...
Hotel Chocolat has bought a beauty product business for less than the price of a box of chocolates.
The confectioner said it paid £4 for Rabot 1745, a five-year-old company which last year lost around £400,000. The cheapest box of chocolates on Hotel Chocolat’s website is £5.
The chocolate maker already owned nearly half of the shares in Rabot – it...
Tesco is set to launch its first checkout-free store following a successful trial for staff at its head office over the past year.
Chief executive Ken Murphy said plans are in the early stages but he is hopeful it can match the appeal of similar scan-and-go stores being rolled out by Amazon in the UK.
He said: “We have a system...
The high street will remain an important outlet for business after the pandemic, but will be a “different place”, Samsung’s corporate vice president for the UK and Ireland has said.
Conor Pierce said the technology firm is already seeing people return to physical retail spaces as lockdown restrictions began to ease and shops started to reopen.
The tech giant’s UK and...
Amazon has told social networks to take greater responsibility for fake reviews facilitated on their platforms, saying the problem is increasingly outside of its control.
The online shopping site pointed the blame towards social media firms for not investing enough in fraud controls and reacting too slowly to remove posts.
Fake and misleading reviews on Amazon product pages have long been...
Footwear business Dr Martens has enjoyed soaring sales despite the global pandemic leaving many of its customers stuck indoors, the company has revealed.
Sales in the 12 months to March 31 jumped 15% to £773 million, with strong growth in its online business up 73%.
But pre-tax profits took a heavy hit – down 30% to £70.9 million – due to...
Retailer N Brown has leaned heavily on its core brands in the last few months as the business signed up Amanda Holden and Davina McCall to provide some celebrity firepower.
The business said that its five core brands, Jacamo, Simply Be, JD Williams, Ambrose Wilson and Home Essentials saw revenue grow by 15.5% in the first three months of the...