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Leisure & Retail
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Business

Shoppers switch to Aldi and Lidl as cost-of-living crisis bites

Households are turning to the German discounters as inflation soars — hitting 3.8% in the grocery sector

Business

The entrepreneur delivering posh takeaways to rock stars and royalty

Peter Georgiou delivers fancy takeaway from high-end restaurants like Nobu to customers including Peter Gabriel

Business

Company behind ‘siege’ at The Wolseley plans expansion of Benihana

Benihana Holdings, which is owned by Minor International, is opening its first new site since 2019 in Covent Garden

Business

AO World set for European retreat with German ‘strategic review’

AO World launched in Germany in 2014 but has struggled to make it work. Analysts say a retreat is now likely, following an exit from its Dutch business in 2019

Business

Dr Martens stock gets a kicking despite bumper online sales

Shares sunk 14% despite a rise in sales over Christmas

Business

Marks & Spencer sales surge over Christmas

The clothing & home division, long a thorn in the company’s side, enjoyed its second successive quarter of sales growth

Business

Feel the pre-love: How used Hermes handbags became a £15m business

A chance encounter with a Birkin bag helped spark a passion that became a business

Business

JD Sports boss Peter Cowgill ‘questions’ looming tax rises

The comments came as JD Sports upgraded its profit forecasts for the year ahead thanks to strong Black Friday and Christmas trading

Business

Littlewoods owner Very fuels IPO talk with ex-Walmart exec appointment

Dirk Van den Berghe helped run Walmart’s businesses in Canada, China, India and Japan, and oversaw the retail giant’s global sourcing

Business

Plan B curbs leave nasty taste for Wildwood-owner over Christmas

Industry group UK Hospitality has said December trade at its members’ pubs, bars and restaurants was down 40% to 50% on 2019 levels

Business

Burger King UK launches its first vegan nuggets in time for Veganuary

The UK arm of the fast food chain has 505 stores and is reportedly eyeing a London stock market listing

Business

Victoria Beckham’s beauty sales helps offset fashion downturn

The former Spice Girl’s beauty business enjoyed strong sales in its first year of operation, while her luxury brand suffered a Covid-induced downturn

Business

Aldi reveals plans to recruit over 100 more British suppliers in 2022

The chain is currently pursuing UK expansion alongside rival German discounter Lidl

Business

Hospitality December sales almost half of 2019 levels, says trade body

It comes after the boss of Suffolk-based brewer Adnams warned hospitality is facing the "economic equivalent of long Covid”

Business

Goodbye Topshop, hello Ikea: How Oxford Street transformed in 2021

Businesses on Oxford Street had a difficult year as lockdowns hit trade and a famous flagship closed — but don’t write off the iconic shopping street yet

Business

City Pubs boss: Office worker pubs to shut doors as ‘no one around’

City Pub Group would usually shut its sites on Christmas Eve after colleagues’ farewell drinks

Leisure & Retail

Boohoo slashes sales guidance as higher returns and costs bite

Fashion firm Boohoo has warned of a number of headwinds it is grappling with

Business

VC Balderton makes biggest ever crypto investment into London startup

Ramp says it wants to "bring the benefits of crypto to the many, not the few" in a responsible way

Leisure & Retail

Amazon’s London grocery shop expansion continues with three new sites

Amazon Fresh has launched three more grocery stores in London, bringing its estate in the capital to 15 branches