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The Weston family, billionaire proprietors of high-end UK-based department store chain, Selfridges, has reportedly launched a formal auction to sell the famous and historic department store chain. It is understood that Credit Suisse's advisors will start seeking a purchaser, with the firm valued at approximately £4 billion. To begin the process, they will share out information memoranda, which are documents intended to market the target to possible bidders. It is expected to be finished by the end of the year.
The British Meat Processors’ Association or BMPA has reportedly stated that food supply chains across the UK are on the edge of failing due to COVID-19 led shortage of labor. Notably, the agency also mentioned that the shortage of skills is so critical that certain facilities have reported vacancies between 10% to 16% for permanent positions as a result of the coronavirus outbreak. According to Nick Allen, CEO of BMPA, along with the shortage in workforce, certain members have also brought to the organization’s notice that bet
The Government of UK is reportedly working on a plan to crack down on the increasing phenomenon of online rip-offs and stop consumers from being misled. The plan also includes a proposal to make it illegal for anyone to host or write fake online reviews. According to reports, under these plans, businesses offering subscription-based services would also be mandated to make it exactly clear what that consumers are signing up to and also allow them means to cancel their subscription easily. Which?, the national consumer champion that raises
Last week, Virgin Galactic whisked Richard Branson over to the edge of the space, approximately 86 kilometers above the ground, as part of a new and burgeoning space race, with billionaire Amazon boss, Jeff Bezos set to make a trip of his own on Tuesday. Both these, extremely wealthy, businessmen want to significantly increase the number of humans in space. Branson remarked immediately after his trip that his company Virgin Galactic is here to make space more accessible to everybody. adding another remark welcoming everyone to the start of a new epoch of space exploration.
Soaring oil prices may help speed climate action by boosting the shift towards electric vehicles, says the International Energy Agency (IEA). However, this would come at the toll of the economic recovery from the SARS-CoV-2 pandemic, adds the global energy watchdog. As compared to May 2021, the global crude demand has escalated by an average of 3.2 million barrels per day in June 2021. However, the return of oil production has failed to maintain pace and has triggered a constant upsurge in market prices. For the record, U.S. drivers are a
Following the huge success of its chicken sandwich, Popeyes, a US-based multinational fast-food chain that serves fried chicken, is reportedly expanding its poultry menu by adding chicken nuggets to it. According to reports, customers in the US, Puerto Rico, and Canada will be able to order the new item from the 27th of July. The nuggets will be smaller copies of the sandwich without the bread. Just like the fried chicken that is used in the firm's famous chicken sandwich, the nuggets are also coated in buttermilk and fried.
A new poll conducted by the Social Market Foundation (SMF) has reportedly found that a vast majority of British employees would not want to see the implementation of a four-day workweek if it entailed a wage cut. According to the research, eight out of ten British employees would not accept a scenario of fewer working hours if it resulted in lower earnings, with just one out of ten preferring to work less and earn less. The SMF found that UK employees now work 36.5 hours per week on average, and their research revealed a significant divid
The prospect of a prolonged lockdown in Sydney is reportedly looming closer as Australian health officials recorded yet another daily jump in COVID-19 cases for the year, bolstered by the extremely infectious Delta strain. The Australian state of New South Wales recorded 112 new locally transmitted cases of COVID-19, with a majority of them being in Sydney. This despite the nation's largest metropolitan city entering the third week of its lockdown. For the last three days, the number of cases have been at all-time high. However, there