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City & Finance

Londis

Booker Group to acquire Londis and Budgens in £40m deal

Booker Group has agreed a deal to buy Musgrave Retail Partners’ GB business – which includes convenience retailers Londis and Budgens – for £40m.

Austin Reed AW14

Austin Reed Group still has legs if it can nail online and multichannel, says analyst

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 AW14

Austin Reed Group steps up turnaround bid with investment firm loan

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.

New Look

New Look sold to South African investment group Brait in £1.9bn deal

Fashion retailer New Look has been sold to South African investment group Brait in a deal valuing the retailer at £1.9bn.

Anders Kristiansen

New Look boss: New owner Brait is in it for the long term

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.

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