Author: Scott Dylan
Scott Dylan
Scott Dylan is an accomplished entrepreneur, investor, and philanthropist, best known as the co-founder of Inc & Co and founder of NexaTech Ventures. With a focus on rescuing distressed businesses and supporting AI and tech startups, Scott’s expertise spans multiple sectors including technology, retail, and logistics. A passionate mental health advocate, drawing from his experience with Complex PTSD, Scott frequently writes about business transformation, AI integration, and leadership. Outside of work, he enjoys travelling, music, and spending time with his partner Gareth.
Amazon introduces a new recyclable paper envelope in the UK, aiming to reduce packaging waste and enhance sustainability measures.The envelope, designed with Mondi, eliminates plastic bubble wrap by incorporating a lightweight, shock-proof paper lining.This change is part of Amazon’s strategy to optimise packaging, lowering average shipment weight by 44g compared to similar boxes.Amazon emphasises the importance of recyclable, right-sized packaging to meet customer demands and reduce carbon emissions.Amazon’s European head of sustainable packaging highlights the achievement of creating a fully recyclable, protective envelope.In its continued effort to improve sustainability, Amazon has launched a new recyclable paper envelope for its UK…
A pioneering retail media concept, Future Stores, is set to open on Oxford Street, promising to blend media, retail, and digital marketing in an innovative way.Spanning 435 square metres, this new start-up aims to captivate audiences with its immersive platform, merging traditional retail with advanced digital experiences.Future Stores will host a variety of high-profile brands, drawing the attention of approximately 1.3 million shoppers who frequent Oxford Street.Founder Ariel Haroush views the Oxford Street location as prime real estate, anticipating the creation of 40 new jobs and a dynamic retail environment.The project aligns with London Mayor Sadiq Khan’s plans to pedestrianise…
The BBC aired a documentary unveiling allegations against Mohamed Al Fayed, former owner of Harrods, concerning sexual misconduct.Approximately 13 women accused Al Fayed of rape and sexual assault during his tenure at Harrods from 1985 to 2010.Harrods expressed being ‘utterly appalled’ by these allegations and apologised for failing its employees during that period.The store stated it has established processes for compensation claims related to these historic allegations.Harrods emphasised its current operations are distinctly different, focusing on employee welfare.A recent BBC documentary has brought to light serious allegations against Mohamed Al Fayed, the former owner of the luxury department store Harrods.…
In a significant policy announcement, the Labour Party has introduced legislation set to prohibit landlords from renting homes that do not achieve at least a grade C on their Energy Performance Certificate (EPC) by 2030. This initiative is poised to impact millions of privately rented properties across the United Kingdom and is expected to bring extensive financial implications for property owners.The proposed legislation will require landlords to invest up to £10,000 per property on upgrades such as insulation, solar panels, or heat pumps to comply with the new standards. Previously, the Conservative government had considered implementing similar measures by 2028…
Rightmove is currently deliberating over a significant third takeover offer from Australia’s Rea Group, valuing the UK property platform at £6.1 billion. The preceding two proposals were dismissed as undervaluing the company’s potential.This latest offer requires Rightmove’s decision by September 30th, a move that could bring substantial shifts within the UK property market despite previous rejections.Current Offer DetailsThe latest offer from Rea Group values Rightmove at 770p per share. This is broken down into 341p in cash and 0.0422 new Rea shares. The proposal’s structure aims to provide immediate financial gain while promising future growth through equity.Andrew Fisher, Rightmove’s chairman,…
A new addition graces the iconic set of Coronation Street today as Sainsbury’s Local opens its doors on screen.The collaboration between Sainsbury’s and Coronation Street marks a new era of strategic product placement.Since July, anticipation built with the store facade concealed from view, now revealed to the soap’s audience.Sainsbury’s branded items will integrate into the storyline, offering viewers a glimpse of everyday shopping on the cobbles.Argos renews its sponsorship, enhancing its relationship with the popular television programme.A Sainsbury’s Local store has made its much-anticipated television debut on the long-standing British soap opera, Coronation Street, today. This move is part of…
Luminance, a British AI legal tech firm, is expanding its presence in the United States by opening a new office in Dallas, Texas.The company has developed advanced AI tools, including a large language model, to automate various legal tasks.Luminance’s technology is utilised in 70 countries, with the United States representing a significant growth market.Following its success in New York, the firm plans to increase its US footprint with additional hires in San Francisco and Canada.Approximately one-third of Luminance’s revenue is generated from American clients, including notable companies like AMD and Panda Express.Luminance, a renowned British generative AI legal tech startup,…
TikTok Shop introduces a week-long sales event, ‘For You Days,’ in the UK, set to rival Amazon’s upcoming Prime Day.The event offers exclusive discounts of up to 50% from popular brands like Sweaty Betty, Made by Mitchell, and L’Oreal Paris.Live shopping sessions will provide customers with an engaging shopping experience, featuring up to 16-hour selling events.The UK event follows a successful launch in the United States earlier this summer.TikTok Shop’s initiative aims to create a unique shopping experience and attract a broad audience.TikTok Shop is making a bold move into the UK ecommerce scene with its first-ever week-long sales event,…
London-based fintech firm Payhawk has disclosed significant financial losses for 2023.Despite an impressive revenue increase, Payhawk reported a loss of €32m (£26.8m), marking an 80% rise from the previous year.The firm attributes these losses to heightened administrative and operational costs, driven by workforce expansion and marketing investments.Revenue growth saw figures soar from €5.8m in 2022 to €12.6m in 2023, with gross profit reaching €9.7m.No dividends were dispensed, underscoring the financial strain despite expansion efforts.London-based fintech company Payhawk has revealed a considerable financial setback, reporting a loss of €32m (£26.8m) for the fiscal year ending in December 2023. This figure represents…
Australian property giant REA, backed by Rupert Murdoch, makes a third bid for Rightmove.The offer includes 341 pence in cash and 0.0422 REA shares per Rightmove share.This new bid values Rightmove at £6.1 billion, a 9.2% increase from the last offer.Rightmove’s board is yet to respond after rejecting previous proposals.REA’s CEO urges engagement, citing benefits from merging both companies.In a strategic move to secure Rightmove, REA Group, a significant player in the property sector and predominantly owned by Rupert Murdoch’s News Corp Australia, has placed a third offer on the table. This proposal encompasses 341 pence in cash per share,…
