Employers are significantly overspending on hiring and retaining staff due to inefficient processes, indicating a major concern across industries.A new report highlights that less than 25%…
Browsing: financial losses
The Boohoo Group is undertaking significant cost-cutting measures, putting 200 jobs at risk.The cost reduction initiative is a part of the new CEO’s strategy to recover…
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…
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…