Posted Wednesday 28th August 2019
Ahead of its anticipated launch on the Wall Street stock market, the owner of office space company WeWork has posted loses of £746m during the first six months of 2019. The loses come despite doubling revenues during the period and while they continue to see rapid growth, the company is yet to turn a profit.
Online-only retailer Boohoo has bought the online business of Karen Millen and Coast adding significant names to an already popular portfolio. The acquisition moves towards an older and more affluent customer base. For a ‘short time’ the two brands’ UK stores and concessions will continue to trade while assets are sold which puts more than 1,000 jobs at risk.
Beauhurst track over 30,000 UK high-growth companies and as a result are in the perfect position to see the youngest up and coming businesses, and their founders. The Beauhurst 10 under 25 profiles the top 10 entrepreneurs in the UK all under the age of 25 years old. Take a look at the inspiring young founders.
Nearly a quarter of consumers prefer using a voice assistant over going to a company website to purchase products. According to The Voice in Retail Report from Business Insider Intelligence there is still a significant amount of growth for brands offering this service to their shopping funnel.
Britain’s largest pub owner is selling its entire business to CKA, the real estate group run by Hong Kong’s richest family. The deal offers a significant premium on the value of Greene King who currently own approximately 2,700 pubs, restaurants and hotels across the UK.
Joelson are partnering Greentech’s London Challenge 2019 in which the best green start-ups follow a 4-day intensive growth programme with top-tier consultants and investors. In previous years, the programme has raised capital for 70% of featured start-ups and helped triple monthly revenue.
Find out more about The Greentech London Challenge 2019
This article is for reference purposes only. It does not constitute legal advice and should not be relied upon as such. Specific legal advice about your specific circumstances should always be sought separately before taking or deciding not to take any action.
Our monthly summary of recent news items relating to the M&A, Scale-up and Growth capital scene in the UK.
Our monthly summary of recent news items relating to the M&A, Scale-up and Growth capital scene in the UK.
