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.
Nigel Blow, a former director at Harrods, asserts that Fenwick obstructed his appointment as CEO.The decision came two weeks before his planned start date on 17 October.Blow’s withdrawal follows allegations against former Harrods owner Mohamed Al Fayed.There’s a BBC investigation into Al Fayed’s alleged misconduct involving 20 ex-Harrods staff.Blow denies knowledge of any wrongdoing by Al Fayed during his Harrods tenure.Former Harrods executive, Nigel Blow, has alleged that Fenwick, the department store chain, blocked his appointment as their new CEO just two weeks prior to his intended commencement date of 17 October. This development arose amidst multiple sexual misconduct allegations…
Dr Martens is enacting significant organisational changes in its cost-saving efforts.Approximately 150 positions at its UK and US headquarters are at risk of redundancy.The reduction is part of a £20-25 million cost-effective strategy announced earlier this year.The financial performance of Dr Martens has shown considerable declines, influencing these measures.Kenny Wilson, the outgoing CEO, has underlined the necessity of these changes due to economic challenges.Dr Martens has embarked on a substantial restructuring initiative, placing approximately 150 roles at risk of redundancy across its UK headquarters in Camden, London, and its US headquarters in Portland, Oregon. This decision is pivotal to its…
Booking.com’s UK arm has seen a sharp increase in salaries and bonuses, reflecting its £50m rise in turnover.The company’s wage bill surged from £20.7m to £32.2m in 2023 due to higher compensation for top staff.Employee headcount grew to almost 300, aligning with the company’s increased financial performance.Despite the revenue growth, pre-tax profits dipped slightly from £40.5m to £36.5m.The rise in net stay commission and service fee revenue underscores Booking.com’s successful expansion efforts.Booking.com’s UK division experienced a notable enhancement in its wage structure following a substantial £50m increase in annual turnover. This financial uplift is mirrored in the company’s wage bill,…
The Glasswater Locks development in Birmingham has reached a significant milestone, marking the highest point in construction.Glasswater Locks will introduce 762 apartments and 20,000 sq ft of commercial space, revitalising a brownfield site.The project includes six blocks, with Glasswater Tower as the tallest at 37 storeys.A local employment initiative has provided training for 122 individuals, with 51 gaining employment.St Joseph, a part of Berkeley Group, is collaborating with local authorities and training centres on this ambitious scheme.The Glasswater Locks project in Birmingham has achieved a key milestone with a topping out ceremony commemorating the completion of the tallest point in…
Warner Bros Studio Tour London, the Making of Harry Potter, recorded an unprecedented pre-tax profit of £100.8m for 2023.The attraction saw its profits soar from the previous £79.7m, as demand for the tour continues to rise.Revenue grew to £258.4m, while workforce expanded from 622 to 724 to manage increasing visitor numbers.Located in Leavesden, the studio houses original Harry Potter costumes, sets, and behind-the-scenes displays.Operating profits leapt from £126.9m to £173.5m, thanks to strategic cost efficiency measures.Warner Bros Studio Tour London, the Making of Harry Potter, emerged as a major financial success in 2023, achieving a remarkable pre-tax profit of £100.8m.…
Tesco’s One Stop stores will soon feature its Core Own Brand products, phasing out “Own Label” items.This initiative will start on 21 October, gradually introducing Tesco’s products into One Stop locations over the coming year.Customers can expect to find these products available through rapid delivery services like Deliveroo, Just Eat, Uber Eats, and Snappy Shopper.The transition aims to improve the customer experience by offering high-quality, trusted products under the Tesco brand.Franchise partners anticipate competitive advantages by leveraging Tesco’s established product portfolio.Tesco subsidiary One Stop is set to transition its product offerings by phasing out its “Own Label” products in favour…
The abrupt withdrawal of Nigel Blow’s CEO offer at Fenwick has surfaced, raising questions.Nigel Blow expressed shock after Fenwick rescinded the CEO job offer just before his start date.Fenwick announced Nigel Blow’s appointment in July, only to reverse the decision in October.Nigel Blow had prepared extensively for his new CEO role at Fenwick.Blow distances himself from allegations concerning former Harrods owner Mohamed Al Fayed.The abrupt withdrawal of Nigel Blow’s CEO offer at Fenwick, the UK’s largest family-owned department store, has emerged as a significant and puzzling decision in the retail sector. In July, Nigel Blow, a seasoned retail executive earlier…
A historic Georgian hotel in Exeter has changed ownership.Queens Court Hotel, now owned by the Harries-Jones family, was sold for an undisclosed price.The hotel, a Grade II listed property, features 20 rooms and a function suite.The sale was managed by commercial property adviser Christie & Co.The property previously belonged to K Balendran, who acquired it in 2015.A historic Georgian-era hotel situated in the heart of Exeter has been acquired for a confidential amount. The Queens Court Hotel, known for its Georgian architecture, is a Grade II listed property near Exeter St David’s and Central stations. It comprises 20 rooms and…
This week’s UK tech funding scene witnessed a noticeable dip, yet several significant investments were made across diverse sectors.A total of £108.6m in tech investments was recorded, 26% less than the previous week, spread across 10 funding rounds.Dexory, a London-based robotics firm, secured a £60m Series B funding to boost its warehouse robotics capabilities.AI supply chain startup Ameba managed to raise £5.3m, attracting attention from industry analysts.The funding news also highlighted Enara Bio’s advancements in novel cancer therapeutics, garnering considerable investment.The UK saw £108.6m in tech investments, marking a 26% decline compared to the previous week, distributed over 10 funding…
New rules could leave a significant portion of fraud victims without reimbursement.A third of payment fraud cases will not qualify for reimbursement under new regulations.The Payment Services Regulator’s (PSR) rules introduce a £100 excess on fraud claims with an £85,000 cap.These changes may alter both fraudster behaviour and PSP fraud detection incentives.Stakeholders express concerns over the potential impact on consumers and fraud prevention efforts.A substantial proportion of payment fraud victims are anticipated to forego reimbursement due to newly established rules set by the Payment Services Regulator (PSR). Scheduled for implementation on 7 October, these rules include a £100 excess on…
