Sosandar has seen another record year with the 12 months that ended in March seeing revenue up 138% year-on-year and every month during the second half being EBITDA-positive. The new year has started strongly too.
The eco-sustainable label and materials science company has recently named Krishna Nikhil as CEO. Formerly with McKinsey, Nikhil was lately head of merchandising and marketing at fashion and lifestyle e-tailer Ssense.
London’s Oxford Street has launched a second sustainability awareness campaign. Actress and activist Amy Jackson is fronting the campaign and there will be a Beyond Now 2022 event to be staged from 22-24 April.
Consumers are likely to boycott brands not being seen to do the right thing in the face of the Ukraine-Russia crisis, a report claimed on Friday. It came at the same time as a double-digit inflation warning.
John Lewis Partnership slashed its losses last year as sales recovered. And it has restored its staff bonus while the John Lewis chain was the growth star during the year and will see plenty of investment in 2022.
John Lewis will post its annual results next week and analysts are expecting a return to profit of at least £100 million. It's also working with suppliers to “review products that have components of Russian origin”.
Hammerson has completed the super-quick disposal of its Victoria Gate and Victoria Quarter shopping centres in Leeds. Only last week, the UK property giant said it was still in early stages of negotiations.