Day: October 7, 2020

eBay UK launch “Pay As You Grow” scheme for start-ups and small businesses

eBay UK has today announced the launch of the “Pay As You Grow” offer for UK start-ups, removing all fees for first time sellers for their first 100 sales each month.

Starting on Friday 9 October and running until the end of the year, the offer – which has been inspired by the new UK Government policy of “Pay As You Grow” loan repayments for small businesses – is specifically designed to give an entrepreneurial helping hand to the growing army of unemployed across Britain, by encouraging them to set up their own online businesses at little to no cost.

Listing fees, or “Insertion Fees” as they are known as on eBay, are some of the biggest fees businesses have to pay and can sometimes be a barrier to getting started selling online. Currently, these fees are non-refundable, even if an item doesn’t sell. eBay also normally applies a “Final

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Greene King to close dozens of pubs axing 800 jobs as curfew kills industry

One of Britain’s biggest pub operators is preparing to close dozens of venues and cut hundreds of jobs following a slump in trade exacerbated by the government’s 10pm hospitality industry curfew.

It is understood that Greene King have started a consultation with 800 employees about a redundancy process.

Sources close to the company, which has an estate of almost 1,700 managed pubs and 1,000 tenanted venues across Britain, said it would seek to redeploy affected staff wherever possible despite the continuing COVID-19 crisis.

In total, 79 of Greene King’s pubs and restaurants will close, with roughly one-third of the closures expected to be permanent.

The redundancies represent a small fraction of Greene King’s 38,000-strong workforce but underline the anxiety of employers as the government’s furlough scheme nears its end.

The latest round of cuts across the hospitality sector underline the enormous financial toll being taken on an industry that is

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Japanese owner puts Quartz up for sale

Online business news site Quartz has been put up for sale just over two years after it was acquired by a Japanese financial intelligence and media company, reports Lukas Alpert and Benjamin Mullin of The Wall Street Journal.

Alpert and Mullin report, “The company, Uzabase Inc., agreed to purchase Quartz in mid-2018 in a cash-and-stock deal that could have been worth as much as $110 million based on whether the site hit certain financial goals. Uzabase ultimately only paid about $86 million.

“The economic fallout from the coronavirus pandemic has also pushed Uzabase to seek an exit from the business, some of the people said.

“Many digital-media companies have been working to cut costs and preserve capital, and the market for raising funds is tight, so it may prove challenging to find a buyer at an attractive price, one of the people said.”

Read more here.

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