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4th Feb 11

HMV investor hires Credit Suisse for advice

by Katie Naylor

3rd Feb 11

Reebok to spend 25 per cent more on digital advertising

by Adam Richards

Reebok is gearing up to increase its digital spend by 25 per cent as it looks to spend nearly 60 per cent of its overall marketing budget during the ICC World Cup. As the country gets ready for the Cricket World Cup, the popular sportswear maker is plotting its own winning strategy for marketing during [...]

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2nd Feb 11

Asda criticised over price guarantee

by Katie Naylor

Britain’s advertising regulator ruled that Asda must revamp the way it promotes its price guarantee after rivals filed complaints over the supermarket’s presentation of its current marketing strategy. The Advertising Standards Authority (ASA) announced Wednesday that all adverts appearing since April, when the grocer launched its price guarantee, can not air again in their current [...]

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21st Jan 11

Tesco chief exec in Phuket resort row

by Adam Richards

Sir Terry Leahy is in a row over unpaid bills for a luxury resort in Thailand, the Daily Mail has reported. The Tesco boss, who is exiting the supermarket in March, invested millions of pounds of personal investments into West Sands, a high end Phuket resort in the Southeast Asian nation. However, since investing, the [...]

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19th Jan 11

HMV woes continue with new blow from credit insurers

by Katie Naylor

Credit insurers are adding to HMV’s struggle to remain afloat, as the beleaguered entertainment and book retailer is told creditors are set to scale back on cover for its suppliers. Two music and entertainment firms said they would no longer be able to receive credit insurance in order to supply HMV with their products. HMV [...]

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19th Jan 11

PRUPIM buys three Sainsbury stores

by Adam Richards

PRUPIM has purchased three Sainsbury stores for 125 million pounds with a fund that hedges inflation risk. The property investment arm for UK Insurer Prudential used the fund to buy the three properties in sales and leaseback this week. The sale and leaseback deal, which was on behalf of M&G’s Secured Property Income Fund, covers [...]

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16th Jan 11

Fire charges against M&S dropped in Glasgow

by Paul Russell

Prosecutors will not pursue any further fire safety charges against Marks & Spencer after a blaze claimed one of its stores in Glasgow. The retailer said that it failed to evacuate the Braehead branch, even allowing shoppers to enter the building after a fire began in the stockroom in March 2008. The case was set [...]

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16th Jan 11

Asda to create 430 new jobs

by Adam Richards

Wal-Mart-owned Asda announced it would create 430 jobs in its newly-acquired Netto UK stores. The supermarket giant said the 43 former Netto stores in Humber and Yorkshire, which are still pending approval from regulators, would open up job vacancies including up to 130 shift leaders, which would allow some employees the chance to move into [...]

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16th Jan 11

Judge orders supermarkets and farmers to makeup

by Katie Naylor

Farm leaders and UK supermarket executives are being urged to resolve issues that have led to Wal-Mart-owned Asda requesting an injunction as milk protests escalate. Asda, Morrisons and Tesco all angered Farms For Action by selling milk for 25p a pint when they packaged it as “two for £2” for poly-bottles that contain 2.272 litres. [...]

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