By Bloomberg Published Apr 19, 2024 UK retail sales stalled unexpectedly in March after shoppers scaled back spending on food and at department stories. The volume of goods sold in stores and online was unchanged in March after a revised 0.1% gain the month before, the Office for National Statistics said on Friday. Economists had … Read more
The Body Shop’s administrators, FRP, on Tuesday confirmed the restructuring plan for the UK business that was put into administration by its new owner Aurelius last week. And while it’s a tough one, it clearly could have been even worse. Reuters What’s clear is that the chain will survive as a major UK beauty retailer, … Read more
Is the so-called UK tourist tax nearing its end game? Strong and persistent pressure by the UK retail industry to reverse the government’s stubborn support of ‘tax’ could well be paying off. Chancellor Jeremy Hunt is understood to have asked the Office for Budget Responsibility (OBR) to look at whether VAT-free shopping for tourists should … Read more
By Reuters API Published Jan 9, 2024 Alphabet’s Google went before a federal jury in Boston on Tuesday to argue against a computer scientist’s claims that it should pay his company $1.67 billion for infringing patents that allegedly cover the processors used to power artificial intelligence technology in Google products. A lawyer for Singular Computing, … Read more
Australian scalp care brand Straand wants to accelerate international growth so has raised a further A$2.6 million from Unilever Ventures and first-time beauty financier Harvey Family Office in a new funding round. Scalp care brand Straand – DR The capital brings the 18-month-old brand’s fundraising total to A$4.6 million having earlier raised A$2 million from … Read more
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