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☆ Manchester United to cut 250 jobs as Sir Jim Ratcliffe continues Old Trafford cost-cutting
▼ + stars: | 2024-07-03 | by ( Adam Crafton | ) www.nytimes.com time to read: +8 min

Manchester United today told staff that the club is intending to cut 250 jobs as new co-owner Sir Jim Ratcliffe continues his bid to slash costs at Old Trafford. All department and levels within the club will be impacted and the club says it will not include staff at their charitable arm, the Manchester United Foundation. What power does INEOS have over how Manchester United are run? Because it is a policy change, it would have been shared across the leaders of the football club but it was not something that needed board approval to be implemented. By Dan SheldonGO DEEPER Explained: INEOS' bid to cut non-football staff at Manchester United(Marc Atkins/Getty Images)

Persons: Sir Jim Ratcliffe, Jean, Claude Blanc, INEOS, —, United’s Carrington, Glazer, Dave Brailsford, Ratcliffe, Richard Arnold, Patrick Stewart, John Murtough, Cliff Baty, Ellie Norman, Victoria Timpson, Snapdragon —, Dan Ashworth, Erik, Hag, Ashworth, Jason Wilcox, Omar Berrada, Blanc, Berrada, Sir Dave Brailsford, Brentford, Dan Sheldon, Marc Atkins Organizations: Manchester United, Interim, Interpath, Manchester United Foundation ., Old, United, Getty, FA, Athletic, Newcastle United, Manchester City, Team GB, Advisory, Premier League, UEFA, League, City Football Group Locations: Old Trafford, Manchester, London, INEOS, Ratcliffe, United, European, Brailsford

☆ Inside the implosion of dark kitchen startup Kbox Global, another pandemic-era boom beginning to bust
▼ + stars: | 2023-10-23 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +8 min

In 2019, after years of investing in and setting up food and beverage brands internationally, she founded dark-kitchen startup Kbox from London. But two years after this funding, large for an early-stage European startup, Vellani exited the business suddenly, citing health issues. "You're only judged on food quality, but if the chef is doing 10 times the work for same money, then it's a fundamental problem." Both Uber Eats and Deliveroo, after an initial burst of interest, would eventually go on to cut back on virtual brands. In an email comment, Vellani acknowledged her lack of direct technical experience but said she sought to fix this through other C-suite hires.

Persons: Salima Vellani, Uber, Travis Kalanick, Vellani, Butler, CloudKitchens, Kbox, MrBeast Burger, YouTuber MrBeast, Jimmy Donaldson, Influencer Jimmy Donaldson, Burger, Brexit, Vellani didn't, Karim Vellani, Karim, Ben Schultz, Nick Holloway, I've Organizations: Balderton, Hoxton Ventures, Reef Technologies, Lean, Network, United, Advisory Locations: London, Saudi, Revolut, COVID, Kbox, Sydney

☆ UK regional airline Flybe to wind down as rescue talks collapse
▼ + stars: | 2023-02-15 | by ( ) www.reuters.com time to read: +2 min

SummarySummary Companies Flybe to wind down business as rescue talks endFurther 25 jobs affectedFeb 15 (Reuters) - British regional airline Flybe will wind up its business after rescue talks fell through, its joint administrators said on Wednesday, a month after the company cancelled all flights and entered insolvency proceedings for a second time in three years. The pandemic and resulting lockdown pushed Flybe into administration for the first time in March 2020, affecting 2,400 jobs. After administrators were appointed again in late January 2023, Birmingham Headquartered Flybe made 276 workers redundant. Flybe, which operated flights on 21 routes to 17 destinations across the UK and Europe, said a further 25 jobs would now be affected. Lufthansa declined to comment on the matter on Wednesday, while Air France-KLM did not immediately respond to a request for comment.

☆ Lufthansa, Air France-KLM eye Flybe landing slots - report
▼ + stars: | 2023-02-04 | by ( Reuters Staff | ) www.reuters.com time to read: +1 min

FILE PHOTO: A Flybe plane takes off from Manchester Airport in Manchester, Britain January 20, 2020. REUTERS/Phil NobleFRANKFURT (Reuters) - Lufthansa and Air France-KLM are circling collapsed UK regional airline Flybe to try to obtain its take-off and landing slots at London’s Heathrow Airport, Britain’s Telegraph newspaper reported on Saturday. Lufthansa and Air France-KLM declined to comment. Lufthansa and Air France-KLM are interested in Flybe’s seven pairs of take-off and landing slots at Heathrow and five pairs at Amsterdam’s Schiphol airport, the report said. If a buyer for Flybe cannot be found it is likely that the slots would be returned to a central pool run by the airports coordinator, it said.

"Flybe has now ceased trading and all flights from and to the UK operated by Flybe have been cancelled and will not be rescheduled," it said. A spokesperson for administrators Interpath Advisory said about 75,000 Flybe customers had future bookings that would now not be honoured. Headquartered in Birmingham, Flybe operated flights on 21 routes to 17 destinations across the UK and Europe using a fleet of eight leased Q400 turboprop aircraft. A spokesperson for Interpath said 45 members of Flybe's 321-strong workforce had been retained for the time being. Louise Haigh, the opposition Labour Party's transport spokesperson, said Flybe's collapse was "devastating news" for staff and customers.

☆ UK retailer Next to buy collapsed rival Joules - media reports
▼ + stars: | 2022-12-01 | by ( ) www.reuters.com time to read: +1 min

Dec 1 (Reuters) - British fashion chain Next Plc (NXT.L) has secured a deal to buy collapsed retailer Joules (JOUL.L) out of administration, according to media reports on Thursday. Before Joules went into administration, Next was in talks with the company over a potential 15 million pound equity investment, but talks were eventually terminated. Last month, some reports said South African fashion retailer TFG (TFGJ.J), the owner of British brands such as Phase Eight, Hobbs, Whistles and Damsel, was also in the race to buy Joules. loadingNext, TFG, M&S, Frasers and Joules' administrator, Interpath Ltd, did not immediately respond to Reuters' requests for comment. TFG's chief executive on Wednesday had declined to comment on reports that it was buying Joules.

☆ British clothing company Joules plans to call in administrators
▼ + stars: | 2022-11-14 | by ( ) www.reuters.com time to read: +1 min

LONDON, Nov 14 (Reuters) - The board of British clothing company Joules (JOUL.L) plans to appoint administrators after failing to find a new investor, becoming the latest retailer to face collapse as shoppers tighten their belts. Joules tried to secure new financing last week after a mild autumn meant low sales of coats, Wellington boots and wooly jumpers but it said on Monday talks had failed and it intended to appoint administrators from Interpath Advisory. Last week, online furniture seller Made.com also appointed administrators, resulting in 400 job losses. Shares in Joules, which is listed on the AIM junior market, would be suspended and a further announcement would be made in due course. Reporting by Sarah Young; editing by James DaveyOur Standards: The Thomson Reuters Trust Principles.

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