Business Matters Magazine

4 days ago | bmmagazine.co.uk | Jamie Young

Baroness Michelle Mone and her husband Doug Barrowman are selling off UK properties and scaling back their presence in Britain, amid reports they are planning a new life in Miami. The couple — at the centre of an ongoing High Court case over a controversial PPE contract during the Covid-19 pandemic — have offloaded several high-profile assets in recent months, fuelling speculation they are preparing to relocate to Florida.

4 days ago | bmmagazine.co.uk | Jamie Young

The UK is on track to lose more millionaires this year than any other country in the world, according to a new global wealth migration report that underscores growing concerns over the nation’s economic competitiveness and high-tax environment. Henley & Partners, a specialist advisory firm, forecasts that 16,500 millionaires will leave Britain in 2025, more than double the 7,800 expected to exit China — which had previously topped the list for 10 consecutive years.

4 days ago | bmmagazine.co.uk | Jamie Young

A small business owner from Liverpool has been ordered by global fashion house Hugo Boss to take down his website over alleged trademark infringement for using the word “Boss” in the name of his pet wellness company. Ben McDonald, who launched Boss Pets earlier this year, said he was left “devastated” after receiving a legal notice from Hugo Boss demanding that he stop using the brand name and take down his website within 10 days or face legal action.

4 days ago | bmmagazine.co.uk | Jamie Young

A growing number of business owners are turning to employee ownership trusts (EOTs) to sell their companies tax-free, as changes to capital gains tax (CGT) rules and rising national insurance costs prompt entrepreneurs to seek more efficient exit strategies. New figures reveal that applications to set up EOTs — the model famously used by John Lewis — jumped 40 per cent last year, from 474 in 2022/23 to 671 in 2023/24.

4 days ago | bmmagazine.co.uk | Jamie Young

Amazon has announced a sweeping £40 billion investment in the UK over the next three years as it ramps up its commitment to faster delivery, film production and digital infrastructure across the country. The tech giant revealed plans to open four new robotic fulfilment centres, one of which will be located in the East Midlands, with two others already announced for Northampton and Hull. The site of the fourth centre has yet to be confirmed.