Coca‑Cola HBC, a leading bottler of The Coca-Cola Company, has bought Bambi for €260m. Bambi, established in 1967, is Serbia's leading regional confectionery business, manufacturing a range of products including biscuits, wafers and savoury snacks. In 2018, Bambi recorded revenue of approx €80 million, of which more than two thirds are...
Marks and Spencer have announced the next tranche of UK stores proposed for closure as it reshapes its UK store estate in line with its target to take at least a third of sales online. M&S plan to close over 100 stores by 2022, including 21 that have already closed...
Debenhams has reported a dramatic drop in pre tax profit of 85% for the six month period to 3 March 2018 to £13.5m. The retailer has blamed a mixture of a change in shopping habits of its customers and the extreme weather brough about by the 'beast from the...
JD Sports has made an offer to buy clothing and shoe retailer Footasylum for £90.1 million. JD, which acquired approximately 18.7 per cent of Footasylum in February this year, now seeks to takeover the company and has offered to pay 82.5 pence a share. Founded in 2005, Footasylum...

Dunhelm sales up by 9%

Dunhelm, one of the UK’s largest homeware retailers, have reported a 9 per cent increase in like-for-like sales for the last quarter. Store revenue increased by 5.7% to £246 million, with online sales up by 37.9% to £36 million. The overall growth for the group was 2.0%, reflecting the closure...
Royal Mail have reported a drop in nine-month revenue with weaker than expected performance in its letters business. Letter volumes fell by 8% with revenue from letter delivery falling by 6%, offsetting a 6% rise in parcel revenue. Royal Mail said the fall in addressed letter volumes reflects the continuing...

Tesco Direct closing down

Tesco has announced plans to close its non food website, Tesco Direct, on 9 July 2018. Tesco Direct sells a range of general merchandise, including technology, homeware, clothing and toys for delivery or collection. Approximately 500 jobs across the business will be at risk of redundancy. Tesco Direct has faced a...
National Grid has agreed to buy Geronimo Energy, a leading clean energy developer based in Minneapolis, Minnesota for $100m, with potential further payments subject to successful development of the project pipeline. National Grid is also progressing with an agreement to acquire a 51% share in 378MW of solar and...
JD.com, China’s largest retailer, is expanding its luxury white glove delivery service, JD Luxury Express, which offers personalised delivery by specially-trained JD employees. Clad in distinct uniforms, complete with white gloves, they deliver purchases to customers’ homes in electric vehicles, rather than JD’s usual tricycles and scooters. The...

ITV online viewing up 32%

ITV plc have delivered a strong performance in 2018 with online viewing up 32%, driven by mobile devices, connected TV and streaming media players. The ITV Hub (formerly ITV Player), the online home for all of the channels' content, continues to grow rapidly. Available on...
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