Published: To progress on equality, we need more pay transparency.
When The Equality Trust looked at women’s remuneration in FTSE 100 companies and their subsidiaries in 2019 we found pay gaps that were over 50% and bonus gaps at over 80%. There were huge differences within the same sector and even within the same group of holdings.
In 2020, we found there were still large gender pay gaps in organisations such as Rush Hair (69.2%), Yours Clothing (59% and bonus gap: 88%), and HSBC Bank (55.1% and bonus gap: 68.5%).
Other high street names reporting high gender pay gaps in 2019 chose not to report in 2020, such as Sweaty Betty (63.9%), Virgin Atlantic (58.9%), Karen Millen (53%) and Monsoon (50.8%).
Ealing police attended hundreds of possible coronavirus rule breaches over the festive period, as today Sadiq Khan declared a “major incident” over rising cases. Ealing Council threatened rule-breakers with fines this week, and said it would take a zero-tolerance approach to any business owners flouting Covid regulations. Hospitals in the capital are at risk of being overrun by the virus, which was first spotted a year ago. Lisa Wheatcroft is the chief operating officer of Rush Hair and Beauty, which has a salon in Ealing that has been closed since the government imposed a national lockdown. Wheatcroft said the lockdown continues to put pressure on their workforce.
Zenoti, a Bellevue, WA-based enterprise cloud platform for the beauty and wellness industry, closed a $160m Series D funding round at over a $1 billion valuation.
The round was led by Advent International, through Advent Tech and Sunley House Capital, an affiliate of Advent. Tiger Global and Steadview Partners also participated in the round. To date, Zenoti has raised a total of approximately $250m.
The company intends to use the funds to continue scaling operations, support research and development and to accelerate further A.I. innovations, including advanced algorithms leveraging its enterprise system data to optimize customer employee scheduling, inventory management, marketing and dynamic pricing to enhance profitability and efficiency, and pursue inorganic growth opportunities.
Zenoti Raises $160 Million in Series D Funding Round Led by Advent International, Surpassing $1B Unicorn Valuation
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Business well-positioned to continue disrupting the beauty and wellness industry with cloud-based software solutions worldwide. Funds to support continued scaling of operations, research and development, including innovations in A.I., as well as M&A.
Feel Good. Find Great.
“Zenoti remains committed to helping businesses find their greatness and achieve better business performance including higher revenues and increased operating margins, while enabling our industry to set new standards for the consumer experience,” said Sudheer Koneru, CEO at Zenoti. BELLEVUE, Wash. (PRWEB) December 15, 2020