Morrisons is planning to shut down its Rathbones bakery, risking almost 400 jobs due to ongoing financial losses.Acquired by Morrisons from administration in 2005, Rathbones bakery…
Browsing: financial losses
José Antonio Ramos Calamonte, Asos CEO, experiences a 43% pay increase.Despite the pay rise, Asos reports substantial pre-tax losses.The company’s sales have dropped significantly by 18%.Calamonte…
Boohoo has come under fire for renewing ties with a supplier previously dropped over modern slavery concerns.The company resumed business with GN Euro, now operating as…
Boohoo Group has announced a new fundraising initiative to tackle its mounting financial losses. The company reported significant losses in its latest financial results, and aims…
James Brown, BrewDog’s CEO, announces his resignation, marking a significant shift in the company’s leadership.Brown joined BrewDog in 2015 and rose to become the global retail…
Despite impressive sales growth, Selfridges faces increasing financial losses.Parent company reports pre-tax losses of £340m, a rise from last year’s £126m.Sales surged by 95%, reaching £1.6bn,…
Avison Young’s UK arm has faced a substantial downturn in 2023, experiencing significant financial losses and workforce reductions.The company’s pre-tax loss nearly doubled, exceeding £100 million,…
Marlow Foods, parent company of Quorn, reports significant financial losses amid a decrease in demand for plant-based products.Sales decreased by 6.9% to £205m, resulting in approximately…
Menopause is a natural transition, yet it brings stigma and challenges at work. Understanding menopause is crucial for effective management.The Equality and Human Rights Commission (EHRC)…
An investing app, backed by notable figures like Peter Thiel and Serena Williams, has withdrawn from the UK market following mounting financial losses.Shares, a Soho-based startup,…