The EU’s competition chief, Margrethe Vestager, has announced that the European Commission will carry out two antitrust investigations into Apple Pay and Apple’s iOS App Store.
Carluccio’s, one of the first casual dining chains to fall into administration due to the pandemic, has been purchased by Boparan Restaurant Group (“BRG”). Around 30 of Carluccio’s 70 UK sites will be acquired, keeping 800 jobs. The remaining staff will be laid off, and sites closed or sold.
Ted Baker recently announced a rescue plan combining an open offer to existing shareholders, and a placing, which will offer any outstanding shares to institutional investors. The rescue plan, which is selling shares at a discounted price of 75p a share, hopes to raise approximately £95m, with up to a further £10m available if new shares are also offered to the public in an offer for subscription.
The British make-up and skincare brand Charlotte Tilbury is up for sale at a selling price rumoured to be over the £1bn mark. With a deal to be agreed imminently, global beauty giants, including Unilever, L’Oréal and Estée Lauder, are amongst those who have expressed significant interest.