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The Body Shop to shut nearly half of UK shops

The Body Shop to shut nearly half of UK shops

The British cosmetics brand will close half of its UK shops after falling into administration. Photo: Daniel LEAL / AFP/FileSource: AFP The UK arm of The Body Shop cosmetics group will shut nearly half its 198 outlets, adminstrators brought in to save parts of the distressed company said Tuesday. The near 50-year-old business renowned for...

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Business Leader Magazine Launches in UK to Empower Entrepreneurs and Innovators

Business Leader Magazine Launches in UK to Empower Entrepreneurs and Innovators

In a significant boost to the United Kingdom’s entrepreneurial spirit, the launch of Business Leader magazine stands poised to transform the landscape of business innovation and growth. This newly introduced publication aims to serve as a pivotal resource for business leaders and entrepreneurs, providing them with the inspiration, insights, and community support needed to navigate...

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No ‘Simple’ Fix to Low Streaming Royalties as UK Report Strikes Down ‘Equitable’ Sharing Model

No ‘Simple’ Fix to Low Streaming Royalties as UK Report Strikes Down ‘Equitable’ Sharing Model

LONDON — The British government’s Intellectual Property Office has said that bringing streaming in line with TV and radio broadcasts in the U.K. by obligating record companies to pay performers ‘equitable remuneration’ does not provide “a simple solution” to creators’ concerns over low returns from services like Spotify and Apple Music – and is “unlikely...

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Tory former business secretary criticises successors ‘abandoning industrial strategy’

Tory former business secretary criticises successors ‘abandoning industrial strategy’

A former Conservative business secretary has criticised his successors for abandoning industrial strategy, including an “unnecessary act of vandalism” in abolishing a council of industry leaders. Greg Clark said on Tuesday that the UK needed to be “more active and deliberate” in its approach to industry, in testimony to the Commons business and trade committee....

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Nepal, UK sign agreement to enforce programs on business and green growth

Nepal, UK sign agreement to enforce programs on business and green growth

Shree Krishna Nepal, Joint-Secretary of Ministry of Finance and Pippa Bird, Development Director at the British Embassy in Nepal signing an agreement. KATHMANDU: Nepal and the UK have signed two grants agreements — Nepal in Business (NIB) programs, and implementation of Green Growth Nepal (GGN) programs on Tuesday. Shreekrishna Nepal, Joint-Secretary of Ministry of Finance,...

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Body Shop set to shut half of its stores with some closing today

Body Shop set to shut half of its stores with some closing today

The Body Shop has announced that half of its 198 UK stores are set to close, including seven today. It comes after the cosmetics retailer entered administration last week, putting more than 2,000 jobs at risk. Administrators for the retail chain FRP Advisory said they will be cutting about 40 per cent of head office...

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International business opens first UK branch in atria Watford

International business opens first UK branch in atria Watford

Turkish footwear business Greyder launched in atria Watford at 11.30am this morning (February 20). It is on the upper mall level, next to Swarovski and opposite Schuh. The opening follows hoarding bearing the company’s branding and the words “coming soon” going up outside the unit in December 2023.   Greyder shoes. (Image: Greyder) Greyder is...

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The Body Shop to close nearly half of its UK shops

The Body Shop to close nearly half of its UK shops

The Body Shop has announced new restructuring plans which could see nearly half of its 198 UK stores close, with seven shops shutting down immediately. Administrators for the retail chain also said they will be cutting about 40% of head office roles, which amounts to around 270 jobs. The plans are expected to secure the...

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Is the UK becoming a ‘challenging place’ to grow a business?

Is the UK becoming a ‘challenging place’ to grow a business?

Tuesday 20 February 2024 2:59 pm Despite a growing number of new businesses in the UK, new research suggests that it is becoming increasingly harder to grow and scale in the current economic climate. According to a new report from Goldman Sachs’s 10,000 Small Businesses UK Programme, the number of ‘high growth businesses’ — those...

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UK shows signs of recovery from mild recession, says Bank of England

UK shows signs of recovery from mild recession, says Bank of England

Britain is showing signs of recovery from its mild recession and will receive a boost when interest rates start coming down later this year, the Bank of England governor has said. Andrew Bailey rejected accusations that Threadneedle Street’s reluctance to cut borrowing costs despite falling inflation meant it was “behind the curve” and made it...