Author: Scott Dylan

The UK space industry is facing significant challenges, with the inability to launch from its shores being a primary concern.Governmental apathy and regulatory delays are hampering the UK’s ambitions in the space sector.There is an urgent need for a strong advocate within the government to champion space initiatives.The Labour administration’s upcoming budget is eagerly anticipated for potential industry support.The future of the UK space industry rests on policy decisions that may impact economic growth and job creation.The UK space industry currently stands at a critical juncture, hindered by its incapacity to conduct space launch activities domestically. This ongoing issue has…

Kim Jones is stepping down as Fendi’s artistic director after four years, confirmed by LVMH.Jones’ tenure at Fendi began in 2020, following Karl Lagerfeld’s departure.His career includes notable roles at Dunhill, Louis Vuitton, and Dior.LVMH praises Jones for his multicultural vision and contributions.Fendi’s future leadership will be announced in due course, according to LVMH.Kim Jones, the esteemed artistic director of womenswear and couture at Fendi, is set to step down after a notable four-year tenure. This decision, confirmed by Fendi’s owner LVMH, marks the end of a significant chapter in the brand’s history.Joining Fendi in September 2020, Kim Jones succeeded…

River Island’s recent financial disclosures highlight a challenging period, reflecting significant pressures from external and internal market forces.The company has experienced a substantial pre-tax loss of £32.3 million until December 2023, emphasising the financial strain.Sales have decreased by 15% to £701.5 million, leading to notable consequences for the retailer.Strategic investments in customer experience are beginning to yield positive outcomes, despite current market adversities.Supplier dynamics and policy changes in return processes have further complicated River Island’s recent business landscape.River Island’s recent financial reports underscore the retailer’s turbulent year, marked by a pre-tax loss of £32.3 million for the period ending December…

Danish fashion company Bestseller reports an 8% profit rise amidst revenue drop.Total revenue declined by 4% year-over-year, primarily due to online sales decreases.Efficiency in logistics contributed to a rise in EBIT to DKK 5.3bn (£590m).Over 330 new retail stores were opened, with a 5% sales increase in retail channels.Sustainable material investments to be enhanced, including organic cotton and recycled polyester.Danish fashion group Bestseller has reported an 8% increase in profits, despite a notable decline in top-line revenues. The company’s revenue fell by 4% compared to the previous year, amounting to DKK 35.6 billion (£3.99 billion). This decline was primarily driven…

Detroit’s StockX brings Nicholas Karrat on board as the new Chief Marketing Officer, succeeding Deena Bahri.Karrat transitions from Tommy John, where he was CMO since 2019, enhancing their market prowess.His new role encapsulates strategic oversight across brand, performance, and creative sectors at StockX.StockX’s emphasis remains on limited-edition collectibles and electronics, sustaining its global digital commerce dominance.Greg Schwartz, StockX co-founder, highlights Karrat’s expertise as pivotal for upcoming growth phases.Detroit-based StockX, a leader in the resale platform sphere, has appointed Nicholas Karrat as its new Chief Marketing Officer. This strategic move comes after Deena Bahri, who was StockX’s first CMO, departed the…

In the aftermath of Helene, residents in Asheville found themselves stripped of modern conveniences. The power outage prompted a return to grassroots communication.Residents resorted to face-to-face conversations, sharing vital information about supplies and safety despite ongoing challenges.The Scene UnfoldsAs Hurricane Helene unleashed its force on Asheville, North Carolina, the community braced for impact. The French Broad River swelled to record heights, transforming into a turbulent force that consumed past records. Typically a gentle, blue expanse, it now surged with ferocity, defying historical precedents and challenging its banks.By morning, the once-reliable alerts succumbed to silence, leaving residents like Susanne Paola Antonetta…

A comprehensive plan for the Goods Station project in Birmingham has been lodged.Vita Group leads the initiative, aiming to revitalise vacant urban land.The development will feature nearly 1,000 apartments across five buildings.Commercial spaces and amenities like a food hall and co-working areas are included.The project is expected to boost the local economy and create significant job opportunities.Plans for the Goods Station project in Birmingham city centre propose a substantial mixed-use development on previously unused land. With approximately 1,000 apartments, this plan represents a significant addition to the city’s housing stock. The project is situated near Birmingham’s iconic Mailbox complex, a…

This week saw a notable 20% increase in UK tech investments, reaching a total of £131m across various sectors.Significant deals include a £95m capital raise by ecommerce leader THG, aimed at demerging its Ingenuity division.Edtech platform Perlego secured £15m to enhance access to its extensive digital library of educational titles.Cybersecurity firm Harmonic raised £13m through a Series A round to boost data protection capabilities.Fintech firm Monzo achieved a valuation of £4.5bn following an employee share sale.This week, UK tech investments saw an impressive 20% rise, culminating in a total of £131m. This increase is distributed across varied sectors, reflecting robust…

In a bold move, PepsiCo has reformulated three of its iconic Doritos flavours to be non-high in fat, salt or sugar (non-HFSS).The reimagined Cool Original, Tangy Cheese, and Chilli Heatwave flavours promise a crunchier texture that fans will appreciate.This reformulation sees a reduction in salt and fat of 24% and 15% respectively, aligning with health-conscious trends.These updates follow years of research and a significant £13m investment in PepsiCo’s Coventry site.Consumer tests reveal a strong positive response to the new, enhanced recipe, indicating widespread approval.In a bold move, PepsiCo has reformulated three of its iconic Doritos flavours to be non-high in…

Bensons for Beds has successfully opened 15 new stores within just three weeks.This expansion follows the acquisition of 19 Carpetright stores in August.These new outlets include Bensons’ first high street location and a return to Northern Ireland.The CEO highlighted the rapid growth amid challenging market conditions.Bensons’ strategic move aims to strengthen its position as a leading bed specialist.In an impressive feat, Bensons for Beds has opened 15 new stores in a mere span of three weeks. This rapid expansion is a result of its acquisition of 19 Carpetright locations earlier in August, showcasing the company’s robust growth strategy in a…