Condé Nast has announced that Glamour Magazine is to go ‘digital-first’ from January 2018, cutting the release of its print publication down from a monthly to a biannual event. Glamour is one of the top ten best-selling magazines in the UK, making this news a bellwether for the future of the industry. The move will mean redundancies in commercial and editorial as the team restructures.
Baldwins, a market leading accounting, tax and advisory firm, has expanded into Scotland with the takeover of Campbell Dallas. The move is Baldwins’ largest acquisition to date, adding some 260 staff and annual revenue of £16.5m onto its books. Baldwins has also announced the purchase of fellow Scottish firm Springfords, which has three offices and employs 40 staff. Baldwins joined CogitalGroup last year, and will reach a turnover of £89m with these acquisitions.
National independent financial advisers firm Chase de Vere has bought the financial planning business Medical Money Management. The acquisition will see 16 partners and 64 employees join Chase de Vere, adding 30 IFAs to its existing team. Medical Money Management specialises in advising medical, dental and other professionals and has around £1.1bn of assets under management. It has offices in Altrincham, Exeter, Glasgow, Leeds, Liverpool, Portishead, Sheffield and Solihull.
Cumbria and Lancashire-based law firm Harrison Drury has merged with Ribble Valley practice Chenery Maher. The deal will bring the number of staff at Harrison Drury’s Clitheroe office up to 19 and enhance its Home and Family Service in particular. Chenery Maher partners Irene Chenery and Carol Maher will continue to work as consultants for the firm.
SafeSkys, a provider of air traffic control services to airports, has been bought by Air Partner. SafeSkys will be integrated into Air Partner’s consulting and training division.
Luceco has bought Kingfisher Lighting, a Telford firm with a turnover of £12m. The deal insures Kingfisher from an industry that is increasingly being disrupted by new technologies, particularly LED and IoT. Its consolidation with Luceco’s growing group will allow Kingfisher to continue to invest in exterior lighting, complementing Luceco’s expertise in LED products. Kingfisher will retain its Nottinghamshire head office and management team as it works on integrating the business.
The financial services comparison website Money.co.uk has been taken over by Zoopla. The £80m deal is part of Zoopla’s aim to offer a full range of services across its platforms, and includes an additional performance-based pay-out of up to £60m.
KPMG has sold transport and logistics specialist TT Express Haulage out of administration to an unnamed buyer, saving 56 jobs. TT Express Haulage is based in Oldham and responsible for distribution for several blue chip clients.
The Hut Group has announced the acquisition of ESPA, a global leader in beauty treatments and skincare with over 700 spas in 50 countries. As well as having concessions in hotels across the world, the company sells its own products online and in luxury retail outlets such as John Lewis, Liberty London and Harvey Nichols. All new product development and manufacturing is done at ESPA’s own facility in the UK. The investment further expands THG’s Beauty offering and international reach, building upon its recent acquisition of companies such as Glossybox.
US business Varsity Tutors has acquired First Tutors in its bid to expand internationally. Based in Preston, First Tutors offers an online service that enables students to connect with tutors for a fee and then continue a relationship offline. Varsity Tutors’ first step will be to integrate its more sophisticated platform with the business, which can connect students with experts on 1,000 different subjects within 20 seconds. The deal greatly expands Varsity Tutors’ network, which currently has 30,000 tutors on its books growing to around 180,000 following this deal.