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.
In recent months, leading technological firms have engaged with UK government representatives to address key policy areas.The Department for Science, Innovation and Technology (DSIT) is aligning with major tech companies on issues including AI and digital regulations.Notable firms such as Google, Microsoft, and OpenAI have conducted influential meetings focusing on strategic governmental priorities.British data centres are set to gain critical national infrastructure status, indicating a shift in tech policy.Significant funding changes by the new government are impacting the tech industry’s approach to policymaking.The interaction between leading tech enterprises and the UK government highlights a critical phase in technological policy development.…
Mytheresa, a luxury ecommerce platform, reports a notable increase in net sales driven by US market growth.Net sales for the year rose by 9.8% to €841m, significantly influenced by a 25% increase in the US.Despite sales growth, Mytheresa faced a decline in its gross profit margin to 45.7%, impacting net profitability.The company’s adjusted EBITDA saw a decrease of 32.8%, and net losses increased by 46.4%.Looking ahead, Mytheresa anticipates further growth in GMV and net sales between 7% and 13%.In a significant development for the luxury ecommerce sector, Mytheresa has reported a 9.8% rise in net sales, reaching €841 million for…
John Lewis Partnership reports significant improvement in its financial outcomes for the first half of the year.CEO Nish Kankiwala highlights the positive feedback from customers, indicating a renewed enthusiasm at John Lewis.The retailer achieves a substantial reduction in pre-tax losses, marking a 91% improvement.Investments in technology and strategic initiatives are set to enhance customer satisfaction and operational efficiency.New partnerships and product launches are driving growth in challenging market conditions.In the first half of the year, the John Lewis Partnership encountered a marked improvement in financial results, as reported by CEO Nish Kankiwala. He noted that customers are voicing renewed positivity…
Aldi partners with Tony’s Chocolonely to relaunch Choceur Choco Changer bar.The collaboration focuses on ethically sourced cocoa as Aldi addresses sustainability.Tony’s Chocolonely criticises Lidl’s similar chocolate design without ethical practices.Aldi commits to sustainable cocoa sourcing in the UK and Ireland by 2025.This strategic partnership continues to transform global supply chains.Aldi has joined forces with Tony’s Chocolonely to reintroduce its Choceur Choco Changer chocolate bar, aimed at promoting responsible cocoa sourcing. This renewed collaboration seeks to ensure that all cocoa used is sourced through Tony’s Open Chain, an initiative dedicated to ethical practices.The significance of this partnership is underscored by Tony’s…
Nathalie Roos resigns as CEO of Lipton Teas & Infusions after a transformative two-year tenure.Roos’s leadership began in July 2022, bringing her experience from Mars and L’Oréal to the table.Until a suitable successor is appointed, Lipton Chair Pierre Laubies will temporarily serve as CEO.Roos cites personal reasons for her departure, expressing gratitude for her journey with Lipton.A strategic partnership was formed to transition tea estates in Kenya, Rwanda, and Tanzania to Browns Investment.Nathalie Roos has announced her resignation as the CEO of Lipton Teas & Infusions, ending her two-year leadership marked by significant transformations within the company. Having joined Lipton…
Asda has launched a nationwide campaign to collect pre-loved children’s books for local communities.The initiative is in partnership with a literacy charity, aiming to benefit families.A successful trial in Birmingham, Bristol, Leeds, and London saw over 6,000 books redistributed.The programme will expand to over 388 stores, featuring dedicated donation trolleys.20,000 children are expected to partake in book gifting festivals facilitated by Asda’s donations.Asda has announced a new nationwide initiative, urging shoppers to donate pre-loved children’s books. This programme is designed to benefit local communities by enhancing access to literature for families. The supermarket chain has partnered with the Children’s Books…
Transport for London (TfL) has reported a cyber attack that may have compromised customer bank details.The incident occurred on 1 September, leading to an investigation by TfL and the National Crime Agency.A 17-year-old has been arrested in connection with the attack, suspected of Computer Misuse Act offences.TfL assures minimal impact on services but warns of possible data compromise, including bank details.Additional security measures have been instituted to prevent further breaches and protect customer data.On 1 September, Transport for London (TfL) experienced a significant cyber attack, potentially compromising customer bank details. The agency has now confirmed that customer data such as…
HMRC has seen a significant rise in dismissals for gross misconduct, reaching a five-year high.In 2024, 179 employees were dismissed for gross misconduct, marking a 43% increase from 2020.These dismissals now comprise more than half of all HMRC terminations this year, reflecting a stricter disciplinary stance.Reasons for dismissals include serious breaches such as theft, intoxication, and inappropriate access to sensitive information.The rise in misconduct cases comes amid substantial operational challenges and declining customer service levels at HMRC.In 2024, HMRC dismissed 179 employees for gross misconduct, a sharp increase from the 125 dismissals in 2020. This rise represents a 43% increase…
Delli, founded by Simon Beckerman, has successfully raised £4.6m in funding.The platform seeks to transform the independent food market, echoing Beckerman’s success in the second-hand fashion industry.CEO Marie Petrovicka highlights a move toward uniquely crafted food items over mass-produced goods.Delli aims to utilise strategic partnerships and storytelling to enhance its competitive edge.Investors express strong confidence in Delli’s potential amidst changing consumer preferences.Delli, a new venture by Simon Beckerman, known for revolutionising the second-hand fashion industry with Depop, has successfully secured £4.6 million in funding. The platform, co-founded by Marie Petrovicka, is designed to facilitate the buying and selling of unique,…
Asda is currently embroiled in a significant equal pay tribunal case, which could have major repercussions for the UK retail sector.A recent tribunal considers whether retail roles predominantly held by women are of equal value to higher-paid warehouse roles occupied largely by men.The case involves over 69,000 employees represented by the GMB union and Leigh Day, following a similar case at clothing retailer Next.The tribunal’s decision could influence not just Asda but other UK supermarkets facing similar claims, potentially reshaping industry pay structures.Asda contests the claims, maintaining that its pay practices are not gender-based and reflect distinct industry sectors.This week…
