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Coronavirus may lead to additional £21.1bn to wellness-related businesses

2 mins read

The FINANCIAL —  New research from Barclays Corporate Banking reveals that Covid-19 could lead to £21.1bn in additional wellness-related business revenue across the UK hospitality and leisure sector by 2023. Beyond increased hospitality and leisure revenues, these changes could have a knock-on effect for the wider economy, adding a potential £11.1bn in gross value add to the UK. The virus has accelerated consumer demand for health and wellness offerings, driving the additional potential revenue boost by £2bn. Before the lockdown, additional health and wellness options would have led to an estimated £19.3bn in sector revenue by 2023. New demand for health…

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Coronavirus may lead to additional £21.1bn to wellness-related businesses

2 mins read

The FINANCIAL —  New research from Barclays Corporate Banking reveals that Covid-19 could lead to £21.1bn in additional wellness-related business revenue across the UK hospitality and leisure sector by 2023. Beyond increased hospitality and leisure revenues, these changes could have a knock-on effect for the wider economy, adding a potential £11.1bn in gross value add to…

Online retail giant ASOS to pay back furlough cash (£1.8m) to government

2 mins read

The FINANCIAL — Asos announced that would be returning the cash it received under the government’s furlough scheme as it released trading statement. In a statement issued online, the company revealed that it’s able to make the payments thanks to ”a steady improvement in sales”. Active customer base increased to 23m, +16% year on year, with particularly…