![]() ![]() It suspended its finance chief Chris Marsh in October, and he subsequently resigned after being arrested and bailed by police. Patisserie Valerie went into administration last month, blaming its financial difficulties on “very significant manipulation” of its finances. Costa Coffee, Caffè Nero and Leon had also reportedly shown interest. The rescue deal comes days after Sports Direct’s Mike Ashley walked away from talks to buy the failing sweet treats chain. Patisserie Holdings – the listed parent company said they had been sold for £13m in total, a fraction of the £450m the group was once worth. Irish-based Causeway Capital Partners said it had bought a “heritage brand” with the investment firm promising to try to keep all 96 sites open. Patisserie Valerie has been bought out of administration with the new owners promising to “refresh and renew” the Patisserie Valerie brand READ MORE: RBS’s 2018 dividend better than expected as profits double New Patisserie Valerie owners want to ‘refresh and renew’ the brand However, McEwan also warned abut the potential implications of Brexit saying the UK economy faced “a heightened level of uncertainty related to ongoing Brexit negotiations”. RBS chief executive Ross McEwan said: “This is a good performance in the face of economic and political uncertainty.” The bank said the switch from physical to digital services was continuing to grow rapidly with 6.4 million of the bank’s customers now regularly used its mobile app, 16% higher than in 2017. The bank, which is majority owned by the government, said it would pay £977m to the Treasury through dividend payments. Royal Bank of Scotland has reported profits of £1.62bn for 2018, more than double the £752m it made last year. RBS profits more than double as it celebrates digital success However, it wasn’t all bad news with its digital circulation increasing by 40.5% compared to 2017 reaching 11,400 readers.įree men’s magazine Shortlist was axed last year but ended up leading the market in category as the year closed, reaching a circulation of nearly 503,300 readers, up 0.1% year on year. The worst hit title in the women’s lifestyle market was Cosmopolitan, recording a fall in circulation of 31.6% year on year, down from 302,500 in the first half financial year of 2018 to 240,400 readers in the second. The Guardian and Observer’s circulation fell by 7%, behind The Times (5%), Sunday Times (6%) and Financial Times (5%). No paper saw an increase in circulation but Metro and London Evening Standard suffered the lowest losses, with a decline of 3%. This is followed by the Daily Star, which fell 16% to 329,97. The worst hit newspaper was the Sunday People which saw a drop of 18% year on year to 159,836. The overall magazine market is in decline according the latest the Audit Bureau of Circulations (ABC) figures with newspaper’s circulation also continuing to decline. READ MORE: Amazon Moments lets developers reward customers with actual gifts, not just virtual ones Magazine market falls Amazon said its plans to build a new headquarters required “positive, collaborative relationships with state and local elected officials who will be supportive over the long term”. The u-turn is just months after the firm named New York City one of two sites selected for major expansion over the next decades.Ĭity and state leaders had agreed to provide about £2.3bn in incentives to secure the deal but the subsidies prompted fierce backlash from local politicans and activists. The news comes as Amazon announced that it will not build its new headquarters in New York, after backlash from campaigners. Amazon has created a catalog of “millions” of products that developers can choose from to incentivise customers including gifts from third-party vendors. The scheme has already got 20 companies on board including TikTok, USA Today and the Washington Post with customers on average two to three times more likely to complete actions according to results from the pilot. Once the brand has picked a “moment” it can set campaign dates, identify the target customer, add a product or reward package before customizing the promotional messages and reward landing page Every time the action is completed, the brand pays Amazon. Amazon launches rewards program for companiesĪmazon has launched a new loyalty program that gets companies to reward users with Amazon gifts.Īmazon Moments launched in 100 countries on Thursday (14 February) and works by allowing companies to reward certain actions or “moments” from consumers, such as a renewing a subscription, with digital and physical Amazon gifts. ![]()
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