Unilever PLC on Wednesday effectively abandoned its plans to buy GlaxoSmithKline's consumer healthcare business, saying on Wednesday that it would not raise a 50 billion pound offer that GSK previously rejected.
British Prime Minister Boris Johnson announced the end of Covid-19 measures introduced to curb the rapid spread of the Omicron variant in England as he looks to live with the virus after a peak in cases.
The Body Shop has named an executive from Estée Lauder — Maddie Smith — as its UK and Ireland chief, as well as boosting its leadership team further with a new executive role for current UK/Ireland MD Linda Campbell.
Fashion brands overstating their environmental credentials had better watch out. The UK’s Competition and Markets Authority (CMA) is cracking down on businesses that make misleading sustainability claims.
The bid for GSK's assets, including Sensodyne toothpaste and Advil painkillers, comes as Unilever is dealing with steep inflation and sluggish growth in emerging markets, where it derives 60% of its revenues.
Kesslers International has been saved. The East London-based retail display specialist has been bought out of administration by Manchester-based GB Sign Solutions, part of the PFI Group, for an undisclosed sum.
Early signs of the confidence shown by workers returning to their offices saw a boost for UK high street footfall in the latest week. Footfall across UK retail destinations rose 1.5%, according to Springboard.
Two key executives who helped to shape UK retail died in the last few days. Paul Myners was the former chairman of M&S and Landsec and John Sainsbury was the driving force behind the supermarket chain for 23 years.
Speculation is intensifying over who might buy Boots from its current owner Walgreen Boots Alliance, and the latest names in the frame are the Issa brothers, the retail tycoons who recently took control of Asda.