For most of the past decade, growth was treated like oxygen. Companies chased it, investors rewarded it, and founders built entire identities around it. Revenue could…
Despite widening losses, Asos is making strategic moves aimed at growth.The company’s pre-tax losses rose to £379.3m for the last financial year.Sales fell by 18%, with…
Adam Warby, from KKR, is announced as Ocado’s new chairman, starting December 1, 2023.Warby replaces Rick Haythornthwaite, who shifts focus to chairing Natwest.The transition occurs sooner…
Asos, the e-commerce fashion giant, has recorded another significant loss, highlighting ongoing financial challenges. Nevertheless, there are encouraging signs as the company continues its push towards…
Investor interest in ESG criteria is declining amidst ongoing global sustainability challenges.Introduced by the United Nations in 2004, ESG (Environmental, Social, Governance) linked sustainability with profitability.The…
Fenwick faces substantial financial difficulties, reporting a significant loss in a highly competitive retail landscape.High inflation and mortgage rates have adversely impacted sales and profitability, necessitating…
Shein’s UK sales have surpassed Boohoo’s, indicating a shift in the fast fashion market.In 2023, Shein reported revenues over £1.5bn, as Boohoo’s sales fell to £1.4bn.Shein’s…
Monzo, a prominent fintech company, has experienced a significant rise in its valuation, reaching £4.5bn following a recent employee share sale.The valuation increase marks a £400m…
Cruden has reported a significant decline in revenue after a strategic pivot away from contracting work.The Edinburgh-based group decided to move away from construction contracts due…
