Today's news in brief-20/2/25

Retail Sector

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Today's news in brief-20/2/25

Fashion retailer Quiz has appointed administrators to its subsidiary Zandra Retail, resulting in the closure of 23 loss-making stores and the loss of around 200 jobs. Advisory firm Teneo will oversee the administration process, while Orion Retail Limited, owned by Quiz’s founding family, will acquire certain assets, including 42 stores, to preserve most retail jobs. Quiz’s online and international operations remain unaffected. UK consumer confid…

Catering Today

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Today’s news in brief - 20/02/25

The Nero Group has seen its overall sales rise by 13% to $680m (£539m) in FY24, having restarted its openings programme and added 61 new stores globally – 29 of which were in the UK. The Caffè Nero operator, which has a portfolio of 1,122 stores across 11 countries with more than 11,000 employees, saw the sales of its UK business rise by 10% to £333m during the period, rising by 17% to £38.5m.  Salad bar concept Atis will open its newest flagshi…

voakorea.com

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VOA Korean flagship news program 'News Today', Part 3 broadcast on February 20, 2025. The US government has confirmed its position against unilateral changes in the status quo, pointing out that China is harming peace and stability in the Taiwan Strait. The US 'nuclear triad' can effectively deter North Korea's intercontinental ballistic missile attack on the US mainland, a US Air Force major general said. Broadcast time: Korean Peninsula 11:00 …