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City & Finance

New Look

Brait completes New Look acquisition and installs new chairman

South African investment group Brait has completed its acquisition of New Look and installed its chief executive as non-executive chairman.

Tesco’s South Korean business, Homeplus, has drawn offers from as many as eight preliminary bidders, according to reports.

Tesco's South Korean business attracts offers from eight bidders

Tesco’s South Korean business, Homeplus, has drawn offers from as many as eight preliminary bidders, according to reports.

Blower\'s take Ferrero\'s acquisition of Thorntons

Blower’s retail cartoon: Ferrero bids to acquire chocolatier Thorntons

Retail Week cartoonist Patrick Blower’s take on confectionery giant Ferrero’s £112m offer to acquire British chocolatier Thorntons.

East is to close 19 stores

Womenswear retailer East to close 19 stores after pre-pack administration

Womenswear retailer East is closing 19 stores and five concessions across the UK after slipping into administration.

A Thorntons family member who formerly chaired the retailer believes its decline “would have been fatal” had Ferrero not stepped in to acquire it.

Ex-Thorntons chairman: Ferrero can halt chocolatier's 'fatal' decline

A Thorntons family member who formerly chaired the retailer believes its decline “would have been fatal” had Ferrero not stepped in to acquire it.

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