Business

US jewellery firm Stella & Dot ‘to exit European market’

[ad_1] Image copyright Getty Images Image caption The firm was founded by Jessica Herrin in 2003 San Francisco-based jewellery firm Stella & Dot appears to be exiting the European market after seven years.A number of its UK sales reps, some of whom host parties to sell jewellery, have posted messages on social media.They say they have been messaged by the firm to say it has been hit by declines in
Business

Savile Row retailer Hardy Amies calls in administrators

[ad_1] Image copyright Getty Images Image caption Grime star Tinie Tempah has worn Hardy Amies suits Men's tailor Hardy Amies has gone into administration for the second time in its 73-year history. Founded by the former dressmaker to the Queen, it was previously rescued from collapse in 2008. Administrators at Menzies said it had been trading at a loss for "some time". Founded by the late Sir Hardy Amies, it
Business

Boohoo warned over advertising real fur as fake

[ad_1] Image copyright ASA Image caption Tests revealed the jumper contained real fur - likely to have come from a rabbit Boohoo has been caught advertising a jumper that contained real animal hair as being made with "faux fur". The Advertising Standards Authority (ASA) upheld a complaint it received about a pom pom jumper being sold by the online retailer.Tests by animal rights charity Humane Society International (HSI) found it
Business

Mothercare woes deepen as sales slide

[ad_1] Image copyright Getty Images Mother and baby retailer Mothercare has blamed a "difficult consumer backdrop" for a fall in sales in the UK in its last quarter.Sales fell 11.4% and online sales dropped more, by 16.3%, the firm said.The business is in the throes of a UK store closure programme, with 36 currently in closing-down mode. By the end of March, there will be 79 stores, down from 137
Business

Making better use of ‘surgeons flipping burgers’

[ad_1] Image copyright Getty Images Image caption The UN warns about migrants not using their skills, leaving "surgeons flipping burgers" Migration remains one of the most potent international political dividing lines - with arguments about controlling borders and pressures on local services.But a report from the United Nations warns that once migrants have arrived, host countries often fail to make use of their talents.The UN has published an analysis showing
Business

World Bank warns of ‘darkening skies’ for global economy

[ad_1] Image copyright Bill Clark/Getty Images Image caption The predicted slowdown is focused on rich countries, particularly the US The World Bank is warning of increasing risks, or what it calls "darkening skies", for the world economy. In its annual assessment of global prospects the Bank predicts continued, though somewhat slower, growth this year and next. The Bank's forecast for the global economy is expansion this year of 2.9% and
Business

US retail giant Sears seeks liquidation, reports say

[ad_1] Image copyright Getty Images Sears, the US department store chain that once dominated US shopping malls, is reported to be seeking liquidation.After failing to reach a deal with chairman Edward Lampert over a $4.4bn (£3.5bn) takeover, the retailer is now poised to ask a court for permission to liquidate.Sears Holdings - which also owns Kmart - first filed for Chapter 11 bankruptcy protection in October.The 126-year-old firm had 68,000
Business

‘Impossible’ for Seaborne’s Brexit port to be ready for March

[ad_1] Media playback is unsupported on your device Media captionOstend mayor Bart Tommelein says Ostend will not be ready by 29 March The mayor of Ostend has told the BBC the Belgian port will not be ready for a new ferry line in time for Brexit.Bart Tommelein was asked about the UK government's award of a £13.8m contract to Seaborne Freight for a service between Ramsgate and Ostend.He said it
Business

Energy firm ceases trading after ban

[ad_1] Energy supplier Economy Energy, which was recently banned from taking on new customers, has collapsed.The supply to its 235,000 domestic customers will continue, any credit they have will be protected, and a new supplier will take on their accounts.Regulator Ofgem said a new supplier would be appointed as soon as possible. On Friday, it had ordered the company to improve customer service.Economy Energy is the latest of a host