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News in-depthDr Martens Clothing Ltd
Dr Martens’ Ije Nwokorie: would-be saviour of bootmaker’s IPO promise
...The poorly implemented move of its main distribution centre from Portland to Los Angeles in 2022 forced the retailer to open temporary warehouses after it bought too much stock....
April 19, 2024
Artificial intelligence
China offers AI computing ‘vouchers’ to its underpowered start-ups
...This includes centralising the distribution of computing power using state-run trading platforms that broker access to cloud computing resources....
March 4, 2024
FT Live
12th Annual Cross-Border Distribution Conference 2024
Thriving in an Unpredictable Environment
Thursday, 16 MayEuropean Convention Center Luxembourg, Place de l'Europe, Luxembourg
Dr Martens Clothing Ltd
Dr Martens shares tumble to record low as bootmaker warns on profits
...“Personally, I see this [as] very different to what happened last Christmas,” he added, in reference to operational issues at its new distribution centre in Los Angeles that led to another profit warning...
November 30, 2023
Lloyd's of London Ltd
Lloyd’s hunts for billions in fresh capital in expansion of ‘London Bridge’ programme
...The cell is not subject to corporation tax on its profits or withholding tax on distributions, Lloyd’s says....
August 3, 2022
Letter
Letter: HS2 debacle reflects rival visions of the UK’s future
...A decision to change the plans of HS2 Ltd ultimately reflects a change in the vision for the UK towards one that puts less emphasis on value distribution. Fair enough....
November 3, 2023
UK retail industry
Poundland owner to take control of 71 Wilko sites as chain is wound down
...About 300 stores and its distribution centres will shut in coming weeks as no part of the retail chain could be rescued in its current form despite “extensive efforts”, the administrators added....
September 12, 2023
FT Live
Future of Retail
Securing long-term business growth with technology innovation
Tuesday, 17 SeptemberLondon, UK
Investments
Directors’ Deals: Dr Martens chief fills his boots
...It kicked off the year with a profit warning after experiencing “significant operational issues” at its new distribution centre in Los Angeles....
July 28, 2023
Investments
Investors’ Chronicle: Associated British Foods, Wickes, Fevertree Drinks
...However, when combined with a rise in other backroom costs, including IT investment, bonus payments and “modest inflation in support centre costs”, it added up to £20.8mn....
September 15, 2023
Dr Martens Clothing Ltd
Dr Martens’ shares plunge after US bottleneck hits profits
...“We’ve had a big problem in our LA distribution centre and all the problems that have changed our forecast are in America,” said chief executive Kenny Wilson....
January 19, 2023
TikTok Inc
Companies turn to TikTok as UK labour shortages bite
...“When I joined the industry, a distribution centre was very male-dominated, it was very industrial,” said Chris Hall, logistics director at Asda....
March 12, 2023
ExplainerAdani Group
Ports, pylons, cement: the best assets behind Adani’s debt pile
...The billionaire has long pitched his conglomerate as a way for investors to bet on “India’s growth story” as his logistics, electricity and even data centre businesses expand in tandem with the economy....
February 10, 2023
Moral Money
Can ‘clean’ jet fuel get airborne? Premium content
...Last year, a group of Amazon warehouse employees made history by organising the company’s Staten Island distribution centre without the backing of an established union....
February 17, 2023
News in-depthReliance Retail
India’s Reliance has ruthless Retail ambitions
...Reliance, by contrast, could unlock value by extending the business to sell direct to shoppers through Metro’s 31 distribution centres, said a person familiar with the company’s thinking....
November 19, 2022
Selfridges & Co Ltd
Selfridges’ owners consider expanding to more regional cities
...“Yes, we have these problems right now, but I’m pretty sure London will remain one of the great centres of the world as it has been for centuries,” said Della Valle....
September 16, 2022
News in-depthMike Ashley
Mike Ashley leaves the stage
...The year the company floated was also the year it moved its distribution centre to Shirebrook in Derbyshire....
September 22, 2022
FT Live
Business of Luxury Summit
Gathering leaders in luxury for the 20th year
Sunday, 19 MayVenice, Italy
Investments
Investors’ Chronicle: Moonpig, Wise, Mulberry
...Since the start of the new financial year, Covid-related lockdowns have forced shutdowns at the majority of its stores in China and the Shanghai distribution centre....
July 1, 2022
FT MagazineJancis Robinson
The race to be England’s biggest wine producer is hotting up
...When I visited the other day, I saw massive excavations in chalk for a three-storey winery and visitor centre....
October 1, 2022
Arcadia Group Ltd
Arcadia’s unsecured creditors set for modest return
...The Topshop brand was sold to online retailer Asos for £265m, while property assets such as a distribution centre in Daventry and a prominent building on Tottenham Court Road in London’s West End also fetched...
January 12, 2022
LexAP Møller-Maersk AS
Maersk/LF Logistics: deal makes giant shipper even more powerful Premium content
...Inland transport is in short supply, giving Maersk pricing power via a network of more than 200 distribution centres across Asia, including China, Singapore and Australia....
December 22, 2021
Japanese business & finance
GLP to raise Japan’s biggest real estate fund amid warehouse boom
...Last November, DHL Express said it had sunk ¥9.9bn into its largest-ever facility investment in Japan: a 21,000 square metre distribution centre outside Osaka....
October 19, 2021
Covid-19 vaccines
Japan probes deaths of two people jabbed with suspended Moderna doses
...In a joint statement, Moderna and its Japanese distribution partner Takeda Pharmaceutical said they took the deaths seriously....
August 29, 2021
News in-depthTransport
Cargo salvage booms as abandoned goods litter supply chain
...They are used to resell goods, which wind up at distribution centres or factory floors, as well as at the ports....
December 25, 2021
News in-depthFootball
La Liga’s CVC deal shows power of collective approach for football’s smaller clubs
...The EFL has argued that changes to revenue distribution are required in order to narrow the financial gap with the Premier League....
September 4, 2021
Arcadia Group Ltd
Liquidators bring down the curtain on Philip Green’s fashion empire
...They include HSBC and Bank of Scotland along with Tina Green, who had lent the group £50m secured against a distribution centre that has since been sold....
July 14, 2021
All England Lawn Tennis & Croquet Club Ltd
Wimbledon slashes prize money for singles winners
...Oliver Dowden, the UK’s culture secretary, said the men’s and women’s finals on the 15,000-capacity centre court will be fully open to fans....
June 16, 2021

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