Finance News – U.K.
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Poundland sold for £1 with shops set to close
The acquisition of Poundland for a nominal fee highlights financial challenges, with plans to shut around 100 of its 825 UK outlets as the new management restructures operations.
Read Full Article →Tesla drivers in France sue over Musk’s political antics
Tesla vehicle owners in France are pursuing legal action to end their contracts, claiming that the CEO’s controversial political statements have negatively impacted the company’s r...
Read Full Article →Investors cheer Dr Martens’ turnaround plan – but will it work?
Dr Martens’ shares rose significantly as the company unveiled a strategic shift aimed at capitalizing on its leather goods segment to drive future growth and diversify its product...
Read Full Article →Expert calls Musk’s ‘Doge’ involvement ‘one of the greatest brand destructions’
Scott Galloway highlighted that Elon Musk’s controversial decisions have potentially harmed Tesla’s market value by distancing key customers and associating the company with politi...
Read Full Article →Cricketing star Ben Stokes takes stake in alcohol-free Cleanco
Ben Stokes has invested in the alcohol-free spirits company Cleanco, contributing to a $5 million funding round that aims to support the brand’s path toward profitability and inter...
Read Full Article →Burberry to cut 1,700 jobs as designer suffers heavy losses
The company plans to reduce its global staff by approximately 20%, a measure aimed at addressing substantial financial setbacks and improving overall cost efficiency.
Read Full Article →UK's only global luxury brand to cut 1,700 jobs
Burberry plans to reduce its workforce by approximately 1,700 positions globally in the next two years as part of efforts to address significant recent financial challenges.
Read Full Article →Meet the best friends behind fast-growing Castore rival Montirex
Montirex, a rapidly growing sportswear brand, anticipates a significant increase in sales and profits, projecting a turnover of approximately £130 million for 2025, reflecting subs...
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