Tag: owner

Shopping centre owner Intu braces for administration

Image copyright Intu Intu, which owns some of the UK’s biggest shopping centres, has appointed administrators as a “contingency” in case financial rescue talks fail. In March, the owner of the Trafford Centre and Lakeside said it was in talks with lenders about new funding. Intu had been struggling before coronavirus to fill outlets within some centres sites, and had… Read more →

Read more →

British Gas owner plans to launch cheaper energy rival

Image copyright Broitish Gas x The UK’s biggest household energy supplier, British Gas, will soon face competition from a new, cheaper supplier from its own stable. Parent Centrica has been trialling a digital-only “challenger” brand under the name British Gas X amid the highly competitive world of energy supply. The company has been shedding customers and this month said it… Read more →

Emma Watson joins board of Gucci owner Kering

Image copyright Getty Images Image caption Emma Watson campaigns for environmental causes British actor and activist Emma Watson has joined the board of French fashion giant Kering, owner of the Gucci label. The Harry Potter star, a well-known supporter of eco-friendly fashion, will chair Kering’s sustainability committee after shareholders backed the move. Kering has faced criticism over its sustainability record.… Read more →

Carluccio’s bought by Giraffe owner but 1,000 jobs cut

Image copyright Carluccio Italian restaurant chain Carluccio’s has been bought out of administration by the owner of Giraffe restaurants. The deal saves 800 jobs and 30 sites, but 40 restaurants and more than 1,000 jobs will be lost, more than half the total workforce. Administrators ARP said the coronavirus lockdown meant difficult decisions had to be taken. New owners Boparan… Read more →

Coronavirus: 6,000 jobs at risk at Cafe Rouge and Bella Italia owner

Image copyright Casual Dining Group The owner of High Street restaurant chains Cafe Rouge and Bella Italia has filed intent to appoint administrators at the High Court. Owner Casual Dining Group, whose brands also include the Las Iguanas chain, employs about 6,000 people. The company said the move would give it ten days breathing space to consider “all options” for… Read more →

Coronavirus: British Airways owner hopes to revive flights in July

Image copyright Getty Images British Airways owner IAG has said it is planning for a “meaningful return” of flights in July at the earliest if lockdown measures are relaxed. However, IAG – which also owns Iberia and Aer Lingus – said these plans were “highly uncertain”, and were subject to various travel restrictions. IAG said it did not expect passenger… Read more →