On the Beach remains optimistic despite first-half loss | News

On the Beach recorded a first-half loss of £34 million in the six months to the end of March, compared to a profit of £12 million for the same period last year. The reversal in fortunes was pinned on the sharp slowdown in travel following the Covid-19 pandemic. Revenue slumped by two thirds over the period, to £21 million. The company did not declare an interim dividend. The bleak result included exceptional costs of £35 million, which the company said represented the estimated cost of Covid-19 to trading in the…

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EssilorLuxottica Remains Committed to $8 Billion GrandVision Deal | News & Analysis

CHARENTON-LE-PONT, France — EssilorLuxottica SA, the maker of Ray-Ban sunglasses, remains committed to its proposed €7.3 billion ($8.3 billion) purchase of retailer GrandVision NV, people with knowledge of the matter said. The Franco-Italian company still sees value in acquiring GrandVision’s network of eyewear shops across Europe, according to the people, who asked not to be identified because the information is private. It is focused on securing antitrust approvals for the deal, the people said. Although EssilorLuxottica isn’t currently trying to renegotiate the price of the transaction, it could seek to…

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Television’s Power to Launch Fashion Brands Remains Unproven | Opinion, BoF Professional, Media Matters

NEW YORK, United States —  Since premiering in 2004, “Project Runway” has been the dominant fashion design reality competition show, which drew more than 4 million viewers in its early days on Lifetime. But even when it regularly drew three million viewers, it always had a huge problem. Aside from current “Project Runway” judge Christian Siriano, who went on to achieve an impressive level of commercial success, its designers have failed to “make it” in an industry always on the lookout for America’s next great fashion label. But thanks to…

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Wegmans Remains Best Food Retailer to Work For

Wegmans Food Markets has once again made Fortune’s 100 Best Companies to Work For list at number three, along with Publix Super Markets (number 39) and Nugget Market (number 79). Wegmans made the top five by connecting produce workers with the organic farms that supply the stores and a Q&A platform titled “Ask Bob” which features over 16,000 questions answered by Bob Farr, SVP of operations at Wegmans. One employee noted, “When management says they care, it actually shows in their actions.” Full List Related: Wegmans Offers Delivery to Manhattan; Wegmans Updates…

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Storm Dennis: Flood threat remains after weekend of disruption

Image copyright PA Media Image caption A rescue boat takes residents to safety in Nantgarw, near Cardiff Communities across Britain are facing another day of flooding and travel chaos, following the torrential rain brought by Storm Dennis. More than 300 flood warnings are still in place across the UK, including four severe warnings in England, which mean there is a danger to life. Major incidents were declared in south Wales and parts of England on Sunday. It comes as the government said it would not be able to protect all…

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Top end Palm Jumeirah property market remains buoyant | News

A 9,000 square foot villa on the Palm Jumeirah was the most expensive unit sold in Dubai in the first-quarter of 2019, fetching Dh51 million. According to high-end property brokerage firm Luxhabitat, the second costliest villas was sold for Dh50 million in Umm Suqeim with built-up area of 9,000 square foot. Global real estate consultancy CBRE said in its latest report that average prime property price in Dubai is $548,338, more economical than Hong Kong, London, New York, Singapore, Paris and Sydney among major cities. According to Luxhabitat analysis, more…

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General election 2019: PM Johnson ‘remains opposed’ to holding indyref2

Media playback is unsupported on your device Media caption“We are going to unite and level up” – Boris Johnson speaks outside Downing Street Boris Johnson has told Nicola Sturgeon that he remains opposed to a second independence referendum, despite the SNP’s general election success. The PM spoke to the first minister by phone on Friday evening, with Downing Street saying he had “reiterated his unwavering commitment” to the union. Mr Johnson insisted the result of the 2014 referendum “should be respected”. However, Ms Sturgeon made clear it was not “credible”…

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Average Cost of Thanksgiving Remains Unchanged

The average cost of a Thanksgiving meal for 10 people in 2019 is $48.91, only 1 cent more than last year’s average, according to American Farm Bureau Federation’s 34th annual survey of classic items found on the Thanksgiving Day dinner table. “The average cost of this year’s Thanksgiving dinner is essentially unchanged from last year, after three years of decline since 2015,” said AFBF chief economist Dr. John Newton. “Americans continue to enjoy the most affordable food supply in the world, but most don’t realize only 8 cents of every…

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