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Sock Shop
SOCKSHOP is a British-based specialist retailer of socks and hosiery. Founded in 1983 by Sophie Mirman and Richard P. Ross, SOCKSHOP became part of the Ruia Group in 2006, and is now based mainly online, with stores in the Manchester Arndale and The Lowry Outlet, as well as concessions across the United Kingdom. Business history Founding SOCKSHOP was founded by husband-and-wife team Sophie Mirman (daughter of milliner Simone Mirman) and Richard P. Ross, a former colleague of Mirman's at speciality retailer Tie Rack; both Ross and Mirman had acted as retail directors before leaving to launch SOCKSHOP. Mirman envisioned a range of small shops selling only women's tights, stockings and socks, with the aim of customers being able to purchase socks and hosiery "as easily as they buy newspapers".Lohr, Steve, ''A "Silly" Sock Idea Makes Millions'', ''The New York Times'', November 23, 1987 Mirman, through her experience as a junior secretary at Marks & Spencer and then later throug ...
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United Kingdom
The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Northwestern Europe, off the coast of European mainland, the continental mainland. It comprises England, Scotland, Wales and Northern Ireland. The UK includes the island of Great Britain, the north-eastern part of the island of Ireland, and most of List of islands of the United Kingdom, the smaller islands within the British Isles, covering . Northern Ireland shares Republic of Ireland–United Kingdom border, a land border with the Republic of Ireland; otherwise, the UK is surrounded by the Atlantic Ocean, the North Sea, the English Channel, the Celtic Sea and the Irish Sea. It maintains sovereignty over the British Overseas Territories, which are located across various oceans and seas globally. The UK had an estimated population of over 68.2 million people in 2023. The capital and largest city of both England and the UK is London. The cities o ...
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The Independent
''The Independent'' is a British online newspaper. It was established in 1986 as a national morning printed paper. Nicknamed the ''Indy'', it began as a broadsheet and changed to tabloid format in 2003. The last printed edition was published on Saturday 26 March 2016, leaving only the online edition. The daily edition was named National Newspaper of the Year at the 2004 British Press Awards. ''The Independent'' won the Brand of the Year Award in The Drum Awards for Online Media 2023. History 1980s Launched in 1986, the first issue of ''The Independent'' was published on 7 October in broadsheet format.Dennis Griffiths (ed.) ''The Encyclopedia of the British Press, 1422–1992'', London & Basingstoke: Macmillan, 1992, p. 330. It was produced by Newspaper Publishing plc and created by Andreas Whittam Smith, Stephen Glover and Matthew Symonds. All three partners were former journalists at ''The Daily Telegraph'' who had left the paper towards the end of Lord Hartwell' ...
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Birmingham
Birmingham ( ) is a City status in the United Kingdom, city and metropolitan borough in the metropolitan county of West Midlands (county), West Midlands, within the wider West Midlands (region), West Midlands region, in England. It is the List of English districts by population, largest local authority district in England by population and the second-largest city in Britain – commonly referred to as the second city of the United Kingdom – with a population of million people in the city proper in . Birmingham borders the Black Country to its west and, together with the city of Wolverhampton and towns including Dudley and Solihull, forms the West Midlands conurbation. The royal town of Sutton Coldfield is incorporated within the city limits to the northeast. The urban area has a population of 2.65million. Located in the West Midlands (region), West Midlands region of England, Birmingham is considered to be the social, cultural, financial and commercial centre of the Midland ...
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BBC News
BBC News is an operational business division of the British Broadcasting Corporation (BBC) responsible for the gathering and broadcasting of news and current affairs in the UK and around the world. The department is the world's largest broadcast news organisation and generates about 120 hours of radio and television output each day, as well as online news coverage. The service has over 5,500 journalists working across its output including in 50 foreign news bureaus where more than 250 foreign correspondents are stationed. Deborah Turness has been the CEO of news and current affairs since September 2022. In 2019, it was reported in an Ofcom report that the BBC spent £136m on news during the period April 2018 to March 2019. BBC News' domestic, global and online news divisions are housed within the largest live newsroom in Europe, in Broadcasting House in central London. Parliamentary coverage is produced and broadcast from studios in London. Through BBC English Regions, th ...
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Stephen Hinchliffe
Stephen Leonard Hinchliffe (born 2 January 1950, in Sheffield) is an English businessman from Sheffield who was the founder of the former retail empire Facia group, which had up to 850 stores before it collapsed in 1996. He has been a director of 60 companies. He was jailed in 2001 and 2003 for bribery and fraud. Business career Hinchliffe was the 2nd largest UK Renault new car dealer in the 1970s. After training to be an accountant, Hinchliffe worked in a Sheffield engineering company and a Trent Regional Health Authority. He switched to marketing at grocers Mars and computer systems company Memorex. Wilkes In 1984, Hinchliffe led a management buyout of the Sheffield department store chain Wades, then suffering a £2m deficit, from Asda with a £200,000 stake. After the sale the chain returned a £2m profit and was sold on for £20m to Waring & Gillow – the buyout team made £7.3m profit and he personally made £2.9m. Using the profits from that sale and other property deals ...
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Investment Management
Investment management (sometimes referred to more generally as financial asset management) is the professional asset management of various Security (finance), securities, including shareholdings, Bond (finance), bonds, and other assets, such as real estate, to meet specified investment goals for the benefit of investors. Investors may be institutions, such as insurance companies, pension funds, corporations, charities, educational establishments, or private investors, either directly via investment contract, contracts/mandates or via collective investment schemes like mutual funds, exchange-traded funds, or REIT, Real estate investment trusts. The term ''investment management'' is often used to refer to the management of investment funds, most often specializing in private equity, private and public equity, real assets, alternative assets, and/or bonds. The more generic term ''asset management'' may refer to management of assets not necessarily primarily held for investment purpos ...
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Drapers (magazine)
''Drapers'' is a business-to-business magazine and website covering the fashion retail sector. It was founded on 6 August 1887 to cover the women's clothing retail trade, but today spans the whole fashion retail sector, including wider retail issues such as digital transformation, technological advances and the management of supply chains. Drapers also hosts a series of conferences, events and awards ceremonies throughout the year to recognize the best-performing businesses and to share learnings. The publication is owned by Metropolis. History ''Drapers'' was founded on 6 August 1887. Former editors of the magazine and website have included Freddie Offley, Sally Bain, Josephine Collins, Lauretta Roberts, Jessica Brown, Caroline Nodder, Eric Musgrave and Keely Stocker. The current editor is Kirsty McGregor. In 1961, ''Drapers Record'' was bought along with the ''Illustrated London News'', ''Men's Wear'' and ''Tatler'' by the Thomson Corporation and formed into the new Thoms ...
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New York City
New York, often called New York City (NYC), is the most populous city in the United States, located at the southern tip of New York State on one of the world's largest natural harbors. The city comprises five boroughs, each coextensive with a respective county. The city is the geographical and demographic center of both the Northeast megalopolis and the New York metropolitan area, the largest metropolitan area in the United States by both population and urban area. New York is a global center of finance and commerce, culture, technology, entertainment and media, academics, and scientific output, the arts and fashion, and, as home to the headquarters of the United Nations, international diplomacy. With an estimated population in 2024 of 8,478,072 distributed over , the city is the most densely populated major city in the United States. New York City has more than double the population of Los Angeles, the nation's second-most populous city.
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United States
The United States of America (USA), also known as the United States (U.S.) or America, is a country primarily located in North America. It is a federal republic of 50 U.S. state, states and a federal capital district, Washington, D.C. The 48 contiguous states border Canada to the north and Mexico to the south, with the semi-exclave of Alaska in the northwest and the archipelago of Hawaii in the Pacific Ocean. The United States asserts sovereignty over five Territories of the United States, major island territories and United States Minor Outlying Islands, various uninhabited islands in Oceania and the Caribbean. It is a megadiverse country, with the world's List of countries and dependencies by area, third-largest land area and List of countries and dependencies by population, third-largest population, exceeding 340 million. Its three Metropolitan statistical areas by population, largest metropolitan areas are New York metropolitan area, New York, Greater Los Angeles, Los Angel ...
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BDO International
BDO (an acronym for Binder Dijker Otte) is an international professional services network of public accounting, tax, consulting and business advisory firms headquartered in Zaventem, Belgium. The network is coordinated by BDO Global Coordination B.V., a limited liability company incorporated in Belgium, while each BDO member firm is part of BDO International Limited, a UK company limited by guarantee. BDO is the fifth-largest accounting network in the world, with global income of its member firms totalling US$ 15 billion in 2024. Each BDO member firm is an independent legal entity in its own country. The network was founded in 1963 as Binder Seidman International Group by firms from Canada, Germany, the Netherlands, the UK and the US. In 1973, the organisation adopted the name BDO, made up from the initials of the three founding firms: Binder (UK), Dijker (Netherlands) and Otte (Germany). Operations by country Australia Established in 1975, BDO Australia has offices in Bri ...
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Recession
In economics, a recession is a business cycle contraction that occurs when there is a period of broad decline in economic activity. Recessions generally occur when there is a widespread drop in spending (an adverse demand shock). This may be triggered by various events, such as a financial crisis, an external trade shock, an adverse supply shock, the bursting of an economic bubble, or a large-scale Anthropogenic hazard, anthropogenic or natural disaster (e.g. a pandemic). There is no official definition of a recession, according to the International Monetary Fund, IMF. In the United States, a recession is defined as "a significant decline in economic activity spread across the market, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales." The European Union has adopted a similar definition. In the United Kingdom and Canada, a recession is defined as negative economic growth for two consecutive qu ...
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