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Asda is restructuring its management teams as it adapts to “unprecedented change” in the grocery industry, Retail Week can reveal.
Booker Group has agreed a deal to buy Musgrave Retail Partners’ GB business – which includes convenience retailers Londis and Budgens – for £40m.
Struggling retailer Austin Reed Group is expected to see some “green shoots” soon as it focuses on a turnaround, according to an analyst.
Austin Reed Group has secured an unspecified three-year loan from investment firm Alteri as it aims to turnaround the business and boost its multichannel offer.
Fashion retailer New Look has been sold to South African investment group Brait in a deal valuing the retailer at £1.9bn.
New Look’s boss has welcomed Brait and its long-term investment plan for the retailer, suggesting it is not a typical private equity firm.
Fashion guru Touker Suleyman lifts the lid on joining Dragons’ Den and turning around his brands Ghost and Hawes & Curtis.
Retail Week cartoonist Patrick Blower’s take on Majestic Wine appointing Naked Wines’ founder as its boss as it acquires the rival.
Poundland’s interrupted acquisition of 99p Stores shows how futile it is when institutions seek to determine which shops compete with each other.
External intervention in the industry often ignores the fact that retail is fundamentally driven by shopper behaviour.