Following the collapse of Victoria’s Secret’s UK arm on 5 June, competition has broken out between prominent high street retailers Marks and Spencer (M&S) and Next in a bid to take control of the lingerie brand’s UK operations.
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.
UK based pharmaceutical giant, AstraZeneca, approached US rival Gilead Sciences over a potential merger, before later changing its mind.
Pub group Marston’s and Carlsberg UK have set up a joint venture to share their brewing operations and costs.
After doubts arose regarding whether LVMH’s (Louis Vuitton) acquisition of Tiffany & Co would still go ahead, on Friday 5 June it was stated that the conglomerate would refrain from renegotiating the acquisition.
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.