Author: Scott Dylan

Naturbeads, a University of Bath spinout, has secured significant funding to tackle microplastic pollution in consumer products.Two million tonnes of microplastics are added to everyday items like cosmetics and detergents annually.The European Union aims to phase out microplastics in these products by 2027.Backed by new investment, the company plans to build a production plant in Italy.Key investors include Eos Advisory and Progress Tech Transfer, highlighting the project’s potential.Naturbeads, emerging from the University of Bath, has successfully raised £7.8 million in a Series A funding round aimed at addressing the global challenge of microplastic pollution. The startup focuses on replacing microplastics…

University spinouts are experiencing heightened attention from the government, signalling strong support for growth.Labour’s manifesto and industrial strategies include commitments to bolster university spinout companies.Spinouts have significantly impacted the UK economy, creating around 29,000 jobs and securing £20 billion in investment.Such ventures offer the UK a strategic advantage in emerging high-growth sectors.Examples like Autolus highlight the transformative potential of spinouts in driving innovation.The UK government’s increased focus on university spinouts reflects a strategic move to foster innovation and economic growth. Placing these enterprises at the forefront of its agenda, the government is aligning its objectives with the aspirations of higher…

Lidl is set to invest a remarkable £21 billion in the British food sector this year.This investment exceeds its original target by 40%, reflecting Lidl’s commitment to local agriculture.Two-thirds of Lidl’s permanent product range are sourced from British suppliers.An upcoming conference aims to strengthen Lidl’s relationship with British farmers.Lidl celebrates its 30th anniversary in Great Britain with this substantial commitment.Lidl has announced a significant increase in its investment in the British food industry, with a planned total of £21 billion by the end of 2024. This investment marks a 40% increase over its initial five-year commitment of £15 billion. These…

Recent updates from major retailers illuminate diverse tactics in a challenging fashion landscape.Asos is focusing on agility with a ‘test-and-react’ model to address declining sales.Primark’s impressive growth is driven by its value proposition and global expansion.M&S capitalises on core categories and strategic collaborations.Zalando benefits from premiumisation and logistics advancements.Recent updates from prominent retailers like Asos, Primark, M&S, and Zalando have revealed various strategies in response to the fragmented fashion market. These companies are navigating economic pressures and evolving consumer behaviours with distinct approaches designed to secure growth.Asos is addressing its financial challenges, including a significant full-year loss of £379 million,…

Preparation is key for a successful Thanksgiving. Begin early with these strategies to manage your tasks seamlessly. Planning ahead not only reduces stress but also ensures that everything falls in place when the day arrives. Whether you’re hosting a small gathering or a large feast, these tips will guide you. Start now to enjoy a memorable holiday.The countdown to Thanksgiving has started. Getting organized two weeks prior will set you up for success. This timeline helps first-time hosts and seasoned pros alike. It outlines crucial steps at each stage leading up to the day. Early planning and a systematic approach…

Changes in the leadership roles across the fashion retail industry have been announced this week, impacting multiple prominent brands.Hush has named Philip Mountford, formerly of Hunkemöller and Moss, as the new chairman of the board.James Dorling and Keith Down have joined Matalan as property director and non-executive director, respectively.Kate Phelan takes the role of creative director at Harvey Nichols, effective immediately.Paul Price, previously CEO of Topshop/Topman, assumes the position of Chief Product Merchandising and Planning Officer at Burberry.In a week marked by significant shifts in the fashion retail sector, the appointment of Philip Mountford as chairman of Hush stands out.…

Fashion industry luminaries gathered for the Drapers Awards 2024 at The HAC in London.The event highlighted significant achievements within the fashion retail sector over the past year.Key industry players, including Authentic Brands Group and Marks & Spencer, were present.Notable awards included Liz Evans from George at Asda being named Leader of the Year.Touker Suleyman received a lifetime achievement award, marking a highlight of the evening.The Drapers Awards 2024, held at The HAC in London, brought together a distinguished assembly of fashion industry leaders to celebrate the year’s notable achievements in retail fashion. This prestigious event served as a platform where…

Burberry’s leadership is undertaking decisive actions to tackle significant financial challenges.The company’s revenue has fallen by 20% over the past six months, highlighting ongoing market difficulties.New CEO, Joshua Schulman, has introduced a strategic plan focusing on brand reinvigoration and pricing realignment.Burberry’s turnaround strategy includes a £40 million cost-saving programme and dividend suspension for 2025.Schulman remains optimistic about the brand’s future despite recent performance downturns.Burberry, a revered British luxury retailer, is confronting substantial financial challenges following a 20% revenue decline in the six months ending September 28. This decline was seen across both retail and wholesale sectors, culminating in an adjusted…

Burberry, the British luxury brand, is grappling with significant financial challenges as it reports a £53m operating loss.In just one year, Burberry shifted from a £219m pre-tax profit to an £80m loss, with revenues plummeting sharply.Retail and wholesale sectors have seen substantial declines, although licensing revenue showed moderate growth.The newly-appointed CEO, Joshua Schulman, has unveiled a strategy known as ‘Burberry Forward’ to revitalise the brand.The plan involves realigning the brand’s core focus, optimising pricing strategies, and strengthening market presence.Burberry has reported an alarming transition from a pre-tax profit of £219 million in the previous year to a pre-tax loss of…

Today, John Lewis launched its eagerly anticipated Christmas advert, highlighting sisterly bonds and a nostalgic 1990s Britpop theme.The festive campaign will debut on social media, with a TV premiere on ITV’s Coronation Street and further airings on Channel 4.The advert showcases a young woman’s poignant journey in search of the perfect gift, set against Richard Ashcroft’s music.In a move away from its pricing pledge, the advert focuses on emotional resonance with audiences this holiday season.A TikTok talent hunt offers aspiring musicians a chance to feature in a special Christmas airing, with proceeds benefiting charity.The John Lewis Partnership has unveiled its…