A Berkshire market town on the Thames
Travelodge has announced the departure of chair Joanna Boydell after 13 years, with chief financial officer Ray Reidy stepping in as interim CEO while a permanent successor is sought. The move follows long-running concerns about hotel security raised by Parliament and the media after a series of breaches.
Frasers Group has announced a cash offer of €38 per share to acquire the remaining shares of Hugo Boss, valuing the German luxury brand at about €1.98bn. The bid aims to take full control of Hugo Boss as Frasers continues its strategy of expanding upmarket brands. Hugo Boss will examine the proposal and may put it to a vote subject to regulatory clearances.
A series of incidents at Travelodge hotels have raised concerns about room access security. Victims report unauthorised entry by strangers after staff handed out room keys, including a Maidenhead case where a man jailed for sexual assault wore a key card. Travelodge has updated policies and retraining, while victims call for stronger protections.