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The Hut Group, a renowned Manchester headquartered rapidly expanding e-commerce company, has reportedly announced that it has purchased Cult Beauty, an e-commerce website for beauty products, in a deal worth more than £275 million. According to reports, the founders of Cult Beauty, Alexia Inge, a former model, and Jessica DeLuca, a management consultant, will make more than £70 million after selling their beauty e-commerce site, which they had established back in 2008. The Cult Beauty website sells nearly 300 haircare, skincar
Younger bankers at leading investment banking firm, Goldman Sachs, would reportedly be receiving higher salaries soon after the company was forced to act upon the growing complaints of long, ‘inhumane’ work shifts. According to reports, this year at the investment bank, analysts who are in the first year of their employment can expect pay to increase to $110,000 (£80,000) from the older bracket of $86,000. The pay hike would be enacted regardless of employees’ geographical location. Meanwhile, analysts in their sec
Aston Martin, the renowned British luxury car manufacturer, has reportedly teased an open-roof variant of its new hypercar, Valkyrie, which it intends to completely unveil at the Pebble Beach Concours d'Elegance in California next week. According to reports, to commemorate the anniversary of its United States division, Aston Martin will host Pebble Beach attendees at a private, luxury clubhouse nearby, where the exhibition of a vintage model and two new-car premieres will pay respect to the British brand's past and present. the oc
Some of the UK's most prominent food and travel companies, including Deliveroo, Bolt, Pizza Pilgrims, and Uber, have reportedly joined the national government campaign to vaccinate as many people as possible to fight COVID-19. According to the reports, these household brands will provide discounts and incentives to consumers who receive a COVID-19 vaccine and help safeguard the country from the virus. Uber, for instance, would be sending reminders to all its users through the app’s notification or direct messaging feature in Aug
Following a 16-month hiatus, international cruises will once again set sail from England, reportedly starting from the 2nd of August 2021. According to the UK government, quarantine would not be required for those arriving at UK ports who have been completely vaccinated in the EU and the US. It is part of a strategy to make it easier for US and EU visitors to enter the United Kingdom. An industry group stated that the resumption of cruises would greatly help hotels, travel agencies,  port operators, tour guides, and other businesses. International cruises hav
American multinational toy making company, Mattel, has reportedly issued a price hike warning for its patrons, stating that it has been forced to raise its prices for this year’s run-up to the Christmas holidays, as it faces higher raw-material and shipping costs. According to reports, the company’s comment come as the world’s economic recovery out of the pandemic picks up speed. This has led to a sharp rise in the costs of shipping and raw materials. Meanwhile, the company, best known as the toy maker behind the iconic
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