Jennifer Creery
Acting UK Retail Reporter at Bloomberg News
Covering UK retail @business. Usual disclaimers. Got a tip? Get in touch: [email protected]
Articles
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1 week ago |
bloomberg.com | Jennifer Creery |Katie Linsell
A Mulberry Group luxury store in London. (Bloomberg) -- Mulberry Group Plc warned on profit and said it needs to raise £20 million ($27 million) to fund the British handbag maker’s turnaround plan. The board is talking to majority shareholder Challice — an investment vehicle controlled by Singapore’s Ong family — and billionaire Mike Ashley’s Frasers Group Plc on the terms.
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1 week ago |
flipboard.com | Jennifer Creery |Katie Linsell
5 hours agoJoe Biden has reiterated his support for Juneteenth as a federal holiday, after President Donald Trump said America had "too many" of them. "Too many non-working holidays in America," Trump wrote on Truth Social late Thursday. "It is costing our Country $BILLIONS OF DOLLARS to keep all of these …
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1 week ago |
bloomberg.com | Katie Linsell |Jennifer Creery
An Amazon Fresh grocery store. (Bloomberg) -- The UK’s supermarket regulator is investigating Amazon.com Inc. over delayed payments to the online retailer’s suppliers. The Groceries Code Adjudicator said Friday it has reasonable grounds to suspect Amazon has breached rules relating to payments, based on evidence from a range of sources. The company could face a fine of as much as 1% of its annual revenue in the UK if a breach is confirmed.
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2 weeks ago |
news.bloombergtax.com | Jennifer Creery
XYour Choices Regarding Cookies and IdentifiersWe and our 150 third party partners use cookies and similar technologies ("Cookies") and hashed identifiers (e.g., a hashed version of your name, email address or phone number) to help us identify you on our site and third-party sites and to process certain information, such as your IP address and digital identifiers, to analyze site usage and provide you with relevant advertisements and content.
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2 weeks ago |
bloomberg.com | Jennifer Creery
Tesco has been gaining ground on rivals in recent months. (Bloomberg) -- Tesco Plc’s sales increased more than expected as the supermarket chain sold more premium and own-brand products. Like-for-like UK sales rose 5.1% in the quarter ending May 24, Britain’s largest grocer said Thursday. Analysts had anticipated a 3.9% gain. Tesco has been gaining ground on rivals in recent months as moves to price-match against discount retailers such as Aldi bear fruit.
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