Millat Convenience, a subsidiary of Millat Group, has announced that it will be bringing convenience retail brand Circle K to South Africa – with its first store set to open in Gauteng in October 2022. Millat has entered into a Master Licence Agreement with the Canada-based convenience store operator, Alimentation Couche-Tard Inc, to bring the... Continue Reading →
UK’s Burberry CO & FO Julie Brown resigns
“On behalf of the board, I would like to thank Julie for her very significant contribution to Burberry’s transformation, including her central role in delivering our sustainability ambitions. Julie has built a strong financial base for the next chapter of Burberry’s growth under Jonathan’s leadership,” Burberry chairperson Gerry Murphy said in a press release by Burberry. “Julie... Continue Reading →
Mango to launch Mediterranean-inspired concept store in UK
// Mango to roll out new concept store in Bluewater shopping centre // The retailer rolled out its Mediterranean-inspired New Med concept store in Paris over the weekend Mango is set to roll out a new concept store in the UK’s Bluewater shopping centre after rolling out its Mediterranean-inspired New Med concept store in Paris over the... Continue Reading →
UK’s The Hut Group sees its H1 revenue grow by 12.3% to £ 1.1 billion
The Hut Group (THG) saw its 6-month (H1) revenue go up by 12.3 per cent to £ 1.1 billion though its losses widened. The adjusted H1 EBITDA was £ 32.3million, but the operating losses increased to £ 89.2million. The losses distinctly reflected THG’s consumer price protection investment strategy. However, the e-tailer said that it will... Continue Reading →