Finalists have been revealed for this year’s Black British Business Awards, an annual event that celebrates the achievements of some of the UK’s top corporate bosses and entrepreneurs. Now in its eighth year, the awards highlight “exceptional business talent” across six industries: arts and media; consumer and luxury; start-ups; financial services; professional services; and STEM…
Morrisons is testing supermarkets with no checkouts or staff that would let customers simply walk out with their bag of shopping in a move to rival Amazon’s Fresh stores. The grocer, which is the subject of a multi-billion pound takeover tussle, has been testing the concept known internally as Project Sarah at its Bradford head…
Morrisons is at risk of being loaded with debt and stripped of its property portfolio, one of the City’s of London’s biggest institutions has warned in an unusual public rebuke to the buyout consortium that has agreed to acquire the supermarket in a £9.5bn deal. In an escalation of tensions between public and private equity…
Burberry’s turnaround has been plunged into uncertainty after its boss Marco Gobbetti quit to return to Italy as chief executive of a luxury fashion rival. Marco Gobbetti’s decision to step down as chief executive at the end of the year sent shockwaves through the City, at one point wiping £1bn off Burberry’s market valuation. The…
Amazon and Google are facing a competition investigation over their failure to tackle a plague of fraudulent product reviews which may have misled millions of people online, as regulators step up their crackdown on big tech. The US behemoths have been accused by the Competition and Markets Authority (CMA) of failing to prevent a rash…
Boohoo is preparing to bring a Debenhams store back to the high street in a bid to secure deals with major beauty brands. John Lyttle, chief executive of Boohoo, which bought Debenhams in January, said it is in talks to open a small store outside of London just months after the department store chain shut its remaining…
