Retail

Retail

Irn-Bru maker shrugs off Brexit risk as profits rise

The maker of Irn-Bru today flagged an “unprecedented” level of uncertainty stemming from the UK’s looming withdrawal from the European Union as it reported a rise in annual profits.

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Tesco escaped prosecution but has been landed with a hefty penalty. Picture: Andy Butterton/PA Wire

Tesco hit with £129m fine over accounting scandal

Tesco has been hit with a £129 million fine from the Serious Fraud Office (SFO), but has escaped prosecution over its accounting scandal.

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An artist's impression of St Enoch's revamped food court. Picture: Contributed

Glasgow’s St Enoch in £1.5m revamp of food offering

Glasgow’s St Enoch Centre is cooking up growth plans with a £1.5 million investment in its food court.

Retail
Jaw Brew owner Mark Hazell, left, with Alan Marr, managing director of Aulds. Picture: Contributed

Glasgow brewer turns leftover bread into beer

A Glasgow-based craft brewer has launched what is being described as Scotland’s first beer to be made from leftover bread.

Retail
Jack Marshall, 81, continues to play a key role in the running of Tapside.

Coffee machine supplier raises a cup to new drink-drive law

A Bo’ness-based company that specialises in supplying designer and bespoke coffee machines is brewing up plans to expand south of the Border and take on extra staff.

Retail
Tesco are unlocking their trolleys. Picture; getty

Why are Tesco unlocking their trolleys?

From Tuesday, shoppers at Tesco will be able to get a free trolly at Tesco rather than put in a token or a pound coin.

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Iceland owner Brait blamed its decision on Brexit uncertainty. Picture: PA Wire

Iceland owner ditches London market move over Brexit

Brait, the South African firm that owns supermarket Iceland, fashion chain New Look and gym group Virgin Active, has ditched plans for a London stock market listing because of Brexit.

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Martin Flanagan says Next and its rivals face rising costs due to the Brexit-hit pound. Picture: Ian Georgeson

Martin Flanagan: Next’s problems highlight retail woes

There was a time, perhaps the conspicuous consumption Eighties and post-recession mid-Nineties, that fashion retailer Next still had “kid on the high street” status.

Retail
Next said that 2017 will be 'another tough year' for the retailer. Picture: Paul Faith/PA Wire

Next suffers first fall in profits for eight years

Next has forecast a “really tough” 2017 with the clothing sector squeezed by price inflation due to sterling’s devaluation, as the fashion retailer posted its first fall in annual profits in eight years.

Retail
Stefano Pieraccini said he had wanted to run his own restaurant since the age of 14. Picture: Contributed

St Andrews seafood eatery bought by restaurateur’s son

One of St Andrews’ most famous restaurants has been acquired by a 22-year-old entrepreneur.

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Administrators said job losses at Brantano were 'inevitable'. Picture: Contributed

Jobs at risk as footwear chain Brantano goes under

Footwear retailer Brantano has collapsed into administration, putting more than a thousand jobs at risk.

Retail
Kiltane head of operations Isobel Lane, right, with Ness Clothing e-commerce boss Lynne Dickson. Picture: Contributed

Edinburgh retailer Kiltane in deal to save Ness jobs

Kiltane, the Edinburgh-based retail and property group, has acquired significant parts of the Ness Clothing business from administrators, safeguarding at least 35 jobs.

Retail
BrewDog co-founders James Watt, left, and Martin Dickie. Picture: Contributed

BrewDog eyes Asia brewery as annual sales near £72m

Craft beer producer BrewDog is looking at opening a brewery in Asia to capitalise on surging demand in the Far East.

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Ardgowan Distillery seeks £17m after green light

A planned new distillery with historic links to ­Robert the Bruce has launched a bid to raise £17 million and appointed independent chartered accountants Campbell Dallas amid plans to be operational in 2019.

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Squad founder Collette Norval with social entrepreneur Duncan Skinner. Picture: Michal Wachucik/Abermedia

Aberdeen ‘snood’ maker scores a hit with Celtic FC

An Aberdeen clothing start-up backed by social entrepreneur Duncan Skinner has signed a licence deal with Celtic FC and added BrewDog and Royal Bank of Scotland Kiltwalk to its growing client list.

Retail
Finsbury has secured a licence to make Mary Berry cakes. Picture: Chris Jackson/Getty Images

Finsbury Food Group to launch Mary Berry cake range

Bakery products supplier Finsbury Food Group is on track to launch a new range of cakes later this year after securing a Mary Berry licence.

Retail
Edinburgh Gin's liqueurs will be stocked in Tesco stores across the UK. Picture: Contributed

Edinburgh Gin toasts Tesco supply deal for liqueurs

Edinburgh Gin has secured its first UK-wide supermarket listing for both its raspberry and rhubarb and ginger liqueurs.

Retail
Paul Gibson started out making small batches of beer in his garage, and converted a 1973 VW campervan to house a brew kit and dispense beer. Picture: Greg Macvean

Campervan beer company launches brewery in Edinburgh

A craft beer business based around a modified campervan is set to officially open its own brewery in Edinburgh next month with an eye to exporting its products amid the boom in micro-brewing.

Retail
Edinburgh Woollen Mill already owns a string of high street brands. Picture: Phil Wilkinson

Edinburgh Woollen Mill ‘frontrunner’ in Jaeger auction

Edinburgh Woollen Mill, the retail group run by billionaire Philip Day, has emerged as the frontrunner to buy the struggling fashion retailer Jaeger.

Retail
Sainsbury's chief executive Mike Coupe. Picture: Sainsbury's/PA Wire

Sainsbury’s sales fall amid ‘very competitive’ trading

Sainsbury’s today said trading remains “very competitive” and warned over ongoing price pressures from the weak pound as it saw supermarket sales slip back into reverse.

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